Babylon Holdings Falls After Reporting Wider Net Loss In Q1

(RTTNews) - Babylon Holdings Ltd. (BBLN) shares are falling more than 64 percent on Wednesday morning trade after reporting loss of $63.23 million or $2.53 per share in the first quarter, wider than the prior year's loss of $29.10 million or $1.71 per share last year.

Further, the health information services company has withdrawn its full-year 2023 revenue and adjusted EBITDA guidance, and its mid-2024 target for adjusted EBITDA profitability, which was issued on March 9, 2023. The company said it is not providing updated guidance at this time.

Currently, shares are at $2.52, down 64.29 percent from the previous close of $7.08 on a volume of 2,635,357.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.