Shares of Corvex declined after the company reported a loss for the first half of the year.
The stock was off by 7.5% to $13.63 in after-hours trading on Friday. The shares closed 2.9% higher at $14.74 in the regular trading session, and are up 141% this year.
The AI cloud-computing company filed historical financial data with the Securities and Exchange Commission following the merger between Corvex Legacy Holdings and Movano.
That filing showed the combined company had a loss of $26.3 million, or 94 cents a share, in the first six months of the year. Revenue was $4.3 million during the same period.
In May, Corvex posted a first-quarter loss of $5 million on $510,000 of revenue in its inaugural earnings report following the merger.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.