Shares of Australia’s FINEOS Corporation (ASX:FCL) fell 12.9% to A$0.22.
The company reported its FY23 EBITDA at 2 million euros ($2.18 million) after Tuesday’s market close, marking a 70.2% decrease from FY22 levels.
FINEOS also reported FY23 total revenue of 125 million euros, which is down 1.7% from FY22.
The stock has risen 67.2% this year, as of the last close.
The FINEOS Corporation (ASX:FCL) is a technology company that provides software solutions to insurance companies globally.