NasdaqCM:THRYSoftware
Thryv (THRY) Stock Price Sinks On Losses And SaaS Guidance Cut
The market did not hesitate with Thryv Holdings. The stock closed at US$2.97, a one day collapse of more than 30%, as investors reacted to a fresh quarterly loss and a reset of software growth expectations.
This is a sentiment reckoning. Thryv posted Q2 revenue of US$150.7m with a net loss of US$16.7m, while management cut full year guidance for its software as a service business after prioritising product investment over sales hires. The price move indicates that fear is in charge, but the...