AirJoule Technologies is trading 16.29% down at $1.47 after second-quarter results showed an $8.53 million net loss, reversing $2.51 million of net income a year earlier.
- Loss per share was $0.12 versus $0.04 earnings previously and missed the $0.07 loss estimate.
- The decline followed the August 13 earnings release and August 14 conference call, while broader markets were mostly steady.
- The earnings reversal and pre-revenue profile appear to be the primary catalysts.