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SCHMID Shares Fall After H1 Net Loss Widens
SCHMID Group (SHMD) shares were down almost 30% in Tuesday afternoon trading after the company reported a wider H1 net loss.The company reported an H1 net loss Tuesday of 47.8 million euros ($55.8 million), widening from a loss of 10.2 million euros a year earlier.Revenue for the six months ended June 30 was 46.0 million euros, up from 16.9 million euros a year ago.The company reaffirmed its full-year 2026 revenue guidance of more than 100 million euros. One analyst polled by FactSet expects 100.3 million euros.Price: $3.41, Change: $-1.45, Percent Change: -29.79%
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