In section Market Quotes

Boost Run Shares Slide 17% After Revenue Misses Forecasts

Boost Run’s third-quarter revenue climbed nearly six-fold to $39.9 million, but the cloud-infrastructure provider fell short of Wall Street expectations. Its shares dropped 17% Thursday to $6.10, extending their decline this year to 52%.

Boost Run Shares Slide 17% After Revenue Misses Forecasts

Analysts surveyed by FactSet had expected revenue of $52.5 million. Boost Run reported a third-quarter loss of $14.1 million, or 17 cents a share, narrower than the $17.2 million loss, or 58 cents a share, recorded a year earlier.

Chief Executive Andrew Karos said the company expects to have all existing contracts tied to its $2.7 billion in total long-term contracted revenue deployed in 2027. He said 26% of that revenue is expected to be live by the end of this month.

Share:on TelegramXFacebook

Subscribe to our newsletter

Once a week — the best stories from our editors, no ads or push notifications. Delivered Sunday morning.

Comments (0)

Leave a comment

No comments yet. Be the first!