Benzinga · May 20, 2024
Rubicon Technologies Stock Tanks After Q1 Results: Here's Why
Rubicon Technologies, Inc. (NYSE:RBT) shares are falling after the company reported its first-quarter financial results Monday. Here's a look at the details. The Details: Rubicon Technologies reported $163.062 million in sales for the quarter, representing a 9.96% decrease from the same period last year. The company also reported quarterly losses of 33 cents per share. “We are pleased to report our results for the first quarter, demonstrating our continued momentum through year-over-year Adjusted EBITDA improvement on our path to profitability. This performance is a testament to the dedication and hard ...Full story available on Benzinga.com

