Semler Scientific Shares Plummet After Q1 Revenue Drop, Deepening Losses

Medical device firm Semler Scientific saw its share price tumble after-hours on May 13th following the release of its first quarter earnings report. The report revealed a significant revenue decrease, plummeting 44% year-over-year to $8.8 million, and accompanied by a surge in losses, reaching $64.7 million compared to a net income of $6.1 million in Q1 2024. Despite closing up over 5% before the earnings announcement, shares fell nearly 2% after its release.