|Bid||0.00 x 900|
|Ask||0.00 x 900|
|Day's range||34.62 - 36.23|
|52-week range||33.73 - 53.36|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Freshworks burned through $4 million in Q3 and booked significant net losses. The terms of Freshworks' initial public offering allowed for as many as 58 million shares to open for trading on Nov. 4, ending part of its lock-up period that restricts insiders from selling stock for a time after the IPO. Management is predicting sales of between $99 million and $101 million in the fourth quarter, Freshworks' second quarter as a public company.
Shares of software-as-a-service specialist Freshworks (NASDAQ: FRSH) cratered on Wednesday, falling 15.9% through 10 a.m. EDT despite the company reporting what was technically an "earnings beat" last night. Analysts had forecast that the company, which provides help-desk services to small and medium-sized businesses, would book $90.8 million in sales and lose $0.10 per share in the third quarter. In fact, Freshworks booked sales of $96.6 million and lost only $0.04 per share.
FRSH earnings call for the period ending September 30, 2021.