Beyond, Inc.
Company Name | Beyond, Inc. |
Stock Symbol | BYON |
On May 6, 2024, after the market closed, Beyond announced the Company’s first quarter 2024 financial results, revealing first quarter total net revenue of $382 million, an increase of only 0.3% year-over-year, and a first quarter net loss of $74 million. The Company also declined to reiterate its previously issued goal to achieve $2 billion of revenue in 2024 and a $3 billion revenue run rate by the end of 2025.
On this news, the Company’s share price fell $5.37 or 24.5%, to close at $16.52 on May 7, 2024, on unusually heavy trading volume.
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