Boost Run Shares Fall After Filing Shows Growth, Spending Plans
Boost Run shares fell 9.9% to $34.33 in early Nasdaq trading Thursday after the AI-infrastructure company released new guidance and quarterly results. Q1 revenue jumped 165% to $10.96 million, but net loss widened to $4.12 million. Annual recurring revenue reached $96 million as of April 30, with a $360 million contracted backlog. The company recently signed a $471.7 million, 36-month deal with Thinking Machines Lab.