Intchains Q1 Non-GAAP Adjusted Loss Widens, Revenue Increases

MT Newswires Live

05/23

Intchains (ICG) reported Q1 non-GAAP adjusted loss of 0.27 renminbi ($0.04), widening from a loss of 0.11 renminbi a year earlier.

One analyst polled by FactSet expected earnings per share of 0.23 renminbi.

Revenue for the quarter ended March 31 was 132.4 million renminbi, up from 24.3 million renminbi a year ago.

Two analysts surveyed by FactSet expected 124.2 million renminbi.

Shares of the company were down 11% in recent after-hours activity.

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