Celebrus Technologies Shares Plunge 29% After Cutting Full-Year Outlook

Key Facts

1Celebrus Technologies shares fell 29% to 68.00p following a cut to its full-year financial outlook.

2The company now expects an adjusted pre-tax loss of $2.8 million to $3.0 million for the fiscal year ending March 31, 2027.

Celebrus Technologies shares fell 29% to 68.00p following a cut to its full-year financial outlook. Proactive Investors reported that the company now expects an adjusted pre-tax loss of between $2.8 million and $3.0 million for the fiscal year ending March 31, 2027.

The downgrade was attributed to slower deal closures and the loss of a customer, leading to a projected loss significantly higher than the $0.9 million market consensus. Cash reserves decreased by $10.2 million to $22.3 million, impacted by shareholder buybacks, dividends, and capitalized development costs.