Cerebra Systems (CBRS) fell 11% in after-hours trading after the stock, in its first earnings report since its IPO in May, signaled lower profit margins next quarter.
First-quarter sales nearly doubled from a year earlier to $193.4 million, and the company’s adjusted net loss of $2.5 million beat analysts’ expectations of $36.75 million.
The company had expected second-quarter sales of $194 million, but investors appear to be focused on core gross margins for now. The company expects sales to fall between 36% and 38% in the second quarter, compared with 46.5% in the first quarter.
セレブラスは5月の1株当たり185ドルのIPOで60億ドルを調達した。株価は上場直後に385ドルまで急騰したが、その後は反落した。 In after-hours trading, shares fell another 11% to $201.55.
