Semler Scientific Stock Dips Amidst Disappointing Earnings, Bitcoin Acquisition Woes

Semler Scientific, a U.S.-based medical device company known for its substantial investments in Bitcoin, reported disappointing first-quarter earnings, leading to a dip in its stock price. While the company’s Q1 report revealed a sharp decline in revenue, falling to $8.8 million from the previous year, and significant widening of net losses to $64.7 million, it managed to achieve a 5% gain during regular trading on May 13th. However, shares plummeted 1.91% after-hours, closing at $36 according to Google Finance, signifying an overall decline in the stock value exceeding 32% in 2023. !