🔴 REalloys is trading 10.2% down today after a $36.8 million second-quarter net loss

REalloys is trading 10.2% down at $11.23 after investors continued digesting its August 13 second-quarter results, which showed a $36.8 million net loss on only $0.8 million of revenue.

• The loss was primarily linked to $32.1 million in non-cash stock-based compensation; quarterly EPS missed estimates by $0.54.
• The decline extends weakness from August 19 and follows a sharp retreat from the August 14 close of $14.72.
• Broader equities are also lower, but the earnings-related reassessment appears to be the stronger driver.