Corvex Shares Drop After Post-Merger 1Q Report

Dow Jones

05/20

By Dean Seal

Shares of Corvex fell after the AI cloud-computing company reported another loss in its first earnings report since it was formed from the merger of Movano and Corvex Legacy Holdings.

The stock was down 5.7% at $20.94 after hours Tuesday. Shares had more than tripled year to date when the market closed.

Corvex said it had $510,000 of revenue in the first quarter, up from $206,000 a year earlier. Operating expenses, meanwhile, fell below $5.4 million from just over $5.4 million in the year-earlier quarter.

The company's quarterly net loss came to $5 million, slimmed from $5.2 million a year ago.

This was the first report from Corvex since it merged in March with Movano, a publicly traded health-focused technology company, to join the public markets.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

May 19, 2026 17:21 ET (21:21 GMT)

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Shares had more than tripled year to date when the market closed. \n</p>\n<p>\n  Corvex said it had $510,000 of revenue in the first quarter, up from $206,000 a year earlier. 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Shares had more than tripled year to date when the market closed. \n</p>\n<p>\n  Corvex said it had $510,000 of revenue in the first quarter, up from $206,000 a year earlier. Operating expenses, meanwhile, fell below $5.4 million from just over $5.4 million in the year-earlier quarter. \n</p>\n<p>\n  The company's quarterly net loss came to $5 million, slimmed from $5.2 million a year ago. \n</p>\n<p>\n  This was the first report from Corvex since it merged in March with Movano, a publicly traded health-focused technology company, to join the public markets. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 19, 2026 17:21 ET (21:21 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MOVE","symbol_name":"Corvex Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2636867398","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2636867398","pubTimestamp":1779225660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Corvex fell after the AI cloud-computing company reported another loss in its first earnings report since it was formed from the merger of Movano and Corvex Legacy Holdings.The stock was down 5.7% at $20.94 after hours Tuesday. 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Shares had more than tripled year to date when the market closed. \n\n\n  Corvex said it had $510,000 of revenue in the first quarter, up from $206,000 a year earlier. Operating expenses, meanwhile, fell below $5.4 million from just over $5.4 million in the year-earlier quarter. \n\n\n  The company's quarterly net loss came to $5 million, slimmed from $5.2 million a year ago. \n\n\n  This was the first report from Corvex since it merged in March with Movano, a publicly traded health-focused technology company, to join the public markets. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 19, 2026 17:21 ET (21:21 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}