Celebrus Technologies PLC (AIM:D4T4) shares plunged 10% to 85p after the company announced a significant revenue shortfall for the fiscal year ending March 31, 2026.
The data solutions provider said it expects full-year revenues to be approximately $23.3 million. This represents a nearly 40% decrease from the $38.7 million reported in the previous fiscal year. The company did not disclose consensus estimates or earnings per share figures in its update.
Celebrus attributed the sharp decline primarily to changes in its contractual arrangements with customers, rather than a reduction in underlying activity. However, the company also warned of "ongoing difficulty winning new customers," signaling potential headwinds for future growth. Customer retention was described as steady.
The revenue warning and subsequent share price collapse highlight significant challenges for the company's market position. The decline to 85p marks a new low for the stock, and investors will be looking for a clear strategy to attract new business in the company's next earnings announcement.
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