Infobird Co. Ltd. (NASDAQ:IFBD) shares climbed 44.25% to $1.63 in after-hours trading on Thursday after the Hong Kong-based Chinese software-as-a-service (SaaS) provider announced unaudited financial results for the six months ended Jun. 30.
Revenue Falls, Margins Improve
In its Thursday filing with the Securities and Exchange Commission, the company reported that revenue fell 45.8% to $1.9 million. Net loss widened to $15.8 million from $1.6 million a year earlier.
According to the SEC filing, gross margin also improved to 43.4% from 37.2%. Cash totaled $3.7 million at June 30, down from $5.1 million at year-end 2025.
Management said the company has sufficient funds to meet its working capital requirements and debt obligations as they come due over the next 12 months.
Trading Metrics, Technical Analysis
Infobird has a market capitalization of approximately $9.21 million. Its stock has traded between a 52-week high of $2.18 and a 52-week low of $0.66.
IFBD has a Relative Strength Index (RSI) of 63.06.
Over the past 12 months, the small-cap stock has fallen 10.32%. Over a year-to-date period, the shares have risen 10.78%.
IFBD is currently trading at about 30.9% of its 52-week range, putting it closer to its annual low.
Price Action: The AI-driven stock closed Thursday’s regular session at $1.13, up 14.66%, according to Benzinga Pro data.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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