NasdaqCM:KRMDMedical Equipment
KORU Medical Systems (KRMD) Stock Price Sinks After Guidance Cut Despite Profit
KORU Medical Systems just watched its stock slide 13.8% in a single session, even as the business finally put a small profit on the board. That clash between price and progress is the real story today.
Coming into this report, the stock had already been under pressure over 7 days and 30 days. Yet KORU delivered record Q2 revenue of US$12.0m and turned a modest net income of US$0.3m after a string of quarterly losses. The market is trading the guidance trim and near term worries. The results...