NasdaqCM:SHIMConstruction
Shimmick (SHIM) Stock Price Drops As Margin Recovery Meets Cash Strain
Shimmick shares closed at US$3.94, down about 6% on the day, even though the company just posted one of its cleanest quarters on margins since listing. The headline is simple. Revenue came in at about US$107 million and Shimmick still reported a net loss of roughly US$5 million, yet consolidated gross margin reached 12% as legacy problem projects faded into the background.
If you care about the next few hours, the red screen hurts. If you care about the next few years, the emerging margin...