WhiteFiber Swings to Q1 Loss, Revenue Rises; Shares Up Pre-Bell

MT Newswires Live

05/14

WhiteFiber (WYFI) reported a Q1 loss Thursday of $0.31 per diluted share, swinging from earnings of $0.05 a year earlier.

Two analysts polled by FactSet expected a loss of $0.37.

Revenue for the quarter ended March 31 was $21.9 million, up from $16.8 million a year earlier.

Analysts surveyed by FactSet expected $21.3 million.

The company's shares were up 7.3% in premarket activity.

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