🔴 Echo IQ is trading 6.01% down today after FY26 net loss widened 40%

Echo IQ is trading 6.01% down now at A$1.33 after investors continued reacting to its August 28 annual results.

• FY26 net loss widened 40% to A$18.6 million, while operating revenue fell 8.9% to A$91,646.
• Shaw and Partners downgraded the stock to Hold and cut its price target 25% to A$1.50.
• The A$110 million placement and U.S. expansion provide funding, but profitability concerns remain.