Australia's Nuheara down as quarterly revenue falls
03/05/2022 03:33
** Shares of wearable technology firm Nuheara Ltd NUH.AX
fall as much as 8.3% to A$0.011
** NUH says third-quarter revenue down 37% compared to
previous quarter urn:newsml:reuters.com:*:nASX3fRLFc
** Direct-to-consumer marketing spend down 35% from Q2,
online sales soften
** Quarterly cash outflows higher than usual due to
significant one-off expenses - co
** Stock on track for biggest intraday pct. fall since April
27, if losses hold
** Shares down 23.53% this year, as of last close
(Reporting by Anan Ashraf)
((Anan.Ashraf@thomsonreuters.com;))