Atomos shares fall 50 per cent as content creator tech outfit slashes earnings guidance

 Just three weeks after removing its CEO because she hadn't yet moved from Silicon Valley to Melbourne despite seven months on the job, content creation video technology group Atomos (ASX: AMS) has today surprised the market again with a significant downgrade to sales and earnings forecasts.

AMS shares opened at just over $0.30 each, representing a 49.67 per cent drop to levels not seen the COVID crash in February-March 2020.

The company received multiple awards and "exceptional reviews" at the National Association of Broadcasters (NAB) trade show in Las Vegas, and its board is upbeat about the medium-term prospects of Atomos' new cloud-enabled products, but sales in the first four months of this year have fallen short of expectations.

Read More: https://www.businessnewsaustralia.com/articles/content-creation-tech-outfit-atomos-cuts-earnings-forecast-in-half.html



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