EZGO falls as annual loss widens
20/01/2023 15:41
** Shares of e-bike maker EZGO Technologies Ltd EZGO.O
fall as much 19.2% to $1.01 - a two-week low
** Co posts full-year net loss of $7.5 mln, as compared to a
net loss of $3.4 mln a year earlier urn:newsml:reuters.com:*:nPn3XGKJFa
** EZGO says full-year revenue fell 25.8% to $17.4 mln,
citing a fall in both volumes of sales and prices of e-bicycles
** Stock last down 8% at $11.15
** Shares lost over half their value in 2022 before rallying
72% since the start of this year
(Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))