Nogin falls on dour FY revenue forecast, Q1 results miss

Nogin

15/05/2023 17:00

** Shares of e-commerce technology co Nogin Inc  NOGN.O 
down 5.8% at $1.79
    ** Co sees 2023 revenue between $60 mln and $65 mln, below
analysts' est. of $97.46 mln
    ** Co reports Q1 loss of $2.11 per share vs analysts' est.
of loss of $1.16 cents per share - Refinitiv data
    ** Q1 rev of $16.7 mln also misses analysts' est. of $20.3
mln
    ** NOGN stock down 87.73% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))