Australia's Ava Risk sees worst day in over 2 years as Q1 revenue slumps

Ava Risk

28/10/2021 03:26

** Shares of Ava Risk Group  AVA.AX  fall as much as 18% to
A$0.41, on track for steepest intraday pct loss since Sept. 30,
2019
    ** Security tech co posts Q1FY22 revenue of A$15 mln ($11.25
mln), marking a decline of 7.7% compared to previous year's
quarterly average  urn:newsml:reuters.com:*:nASX4s4lZg
    ** Says Q1 EBITDA halved to A$2 mln
    ** Stock hit its lowest since July 2
    ** At about 3 mln, volumes are 6 times the 30-day average of
494,792 shares
    ** As of last close, stock down 9.5% this year

($1 = 1.3337 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))