Workflow
Silvaco Group (SVCO) Shares Crash After Disclosing Delayed Orders And Updating FY 2024 Outlook – Hagens Berman
SVCOSilvaco Group, Inc.(SVCO) GlobeNewswire News Room·2024-12-16 23:29

SAN FRANCISCO, Dec. 16, 2024 (GLOBE NEWSWIRE) -- On October 16, 2024, Silvaco Group, Inc. (NASDAQ: SVCO) shares crashed to their lowest level since the company conducted its May 2024 IPO at $19 per share after the company reported disastrous preliminary Q3 financial results and a dismal outlook. The company revealed a substantial year-over-year revenue decline due to delayed China orders, and significantly reduced FY guidance for key metrics. The steep drop-off has called into question whether these risks h ...