Applied Digital recently announced that one of its facilities has been experiencing a power outage for the past month. This outage is ongoing as the company works on necessary upgrades. As a result, Applied Digital expects a significant impact on revenue for the current quarter. After this announcement, shares of the company fell 7.1% to $4.90 after-hours.
Amtech Systems Reports Strong Q1 Revenue Growth and Reduced Loss
Amtech Systems reported an impressive 16% increase in revenue during the first quarter of the fiscal year, surpassing its own expectations. Additionally, the company was able to narrow its loss. It attributes this positive performance to cost-saving measures implemented in the first and second quarters. Following this news, shares of Amtech Systems rose 5.8% to $3.64 after-hours.
E-Home Household Service Approves Stock Consolidation
E-Home Household Service recently held an extraordinary general meeting, where shareholders approved a 1-for-5 stock consolidation. This Chinese household services company announced that its shares would begin trading on a post-consolidation basis starting from February 14th. However, after this announcement, shares of E-Home Household Service declined by 9.7% to 47 cents after-hours.