Infobird Shares Surge on Unusual Volume; SEC Filings Tell a Different Story
Infobird shares surged to $1.80 before closing near $1.05, up 19% on volume of 1.39 million shares. The company reported 2025 revenue of $8.7 million, all from digital ad services, and a net loss of $57.2 million after a $54.8 million goodwill write-down. Infobird ended 2025 with $5.1 million in cash. The company switched auditors in January.
