Datavault AI is trading 5.72% down at $0.28 after investors continued reacting to the August 19 second-quarter report, as revenue substantially missed estimates.
- Revenue reached $6.7 million, while the loss widened to $88.03 million.
- The company faces renewed securities-litigation attention published August 28.
- The decline comes despite a strong software-sector rally, indicating company-specific earnings concerns outweigh favorable industry sentiment.