Here Group Slashes Full-Year Revenue Guidance by 20% Amid Wider Q3 Loss
HERE sits 21% above its 52-week low of $2.03.
Summary
Here Group announced a significant downward revision to its full-year FY26 revenue guidance, cutting it by approximately 20-25% from $750-800 million to $600-610 million. This substantial reduction follows Q2 results reported in March and overshadows the Q3 FY26 results, which showed a wider net loss of $4.9 million on revenues of $23.9 million. The revised outlook for this pop toy company signals worsening market conditions or internal challenges, representing a material negative development for a company of its size.
At the time of this announcement, HERE was trading at $2.45 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $119.1M. The 52-week trading range was $2.03 to $15.64. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.