Silvaco Group (SVCO) Shares Crash After Disclosing Delayed Orders And Updating FY 2024 Outlook – Hagens Berman
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Silvaco Group (SVCO) shares plummeted after the company disclosed delayed orders and a poor FY 2024 outlook, leading to a significant revenue decline and reduced guidance.
January 13, 2025 | 3:00 pm
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Silvaco Group's shares crashed to their lowest since the IPO due to delayed orders from China and a poor FY 2024 outlook, resulting in a significant revenue decline and reduced guidance.
The news directly impacts SVCO as it reports a significant revenue decline and reduced FY guidance due to delayed orders, causing a sharp drop in share price.
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