BUZZ-Australia's COSOL plunges most in over one-week on downbeat results
Reuters
Aug 08
BUZZ-Australia's COSOL plunges most in over one week on downbeat results
** Shares of COSOL COS.AX fall as much as 3.4% to A$0.565, their biggest intraday loss since July 29
** The tech co posts unaudited revenue of A$116.8 million ($76.15 million) for FY25, below its guidance of A$118 million-A$121 million
** Its unaudited statutory EBITDA for FY25 is A$15.8 million, below its guidance range
** Co says weaker results due to timing issues with product sales
** YTD, shares down 45.7%
($1 = 1.5337 Australian dollars)
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.