After-Hours Stock Movers:
Virgin Orbit Holdings Inc (NASDAQ:) 45% LOWER; announced a workforce reduction of approximately 675 employees, constituting approximately 85% of the company’s workforce in order to reduce expenses in light of the company’s inability to secure meaningful funding
Rumble Inc (NASDAQ:) 17% HIGHER; Q4 EPS of $0.00, $0.01 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $20 million versus the consensus estimate of $10.18M.
Nikola Corp (NASDAQ:) 6% LOWER; announced that it has commenced an SEC-registered underwritten public offering of up to $100.0M of shares of its common stock.
Y mAbs Therapeutics (NASDAQ:) 6% HIGHER; Q4 EPS of $0.03, $0.47 better than the analyst estimate of ($0.44). Revenue for the quarter came in at $31.5M versus the consensus estimate of $20.35M.
