- Cyren (NASDAQ:CYRN) gains 5.4% despite Q1 results that missed EPS and revenue estimates with a 4% Y/Y drop in sales.
- Key metrics: Non-GAAP net loss, $4.9M (+$2.5M Y/Y); operating cash use, $4.6M ($2.7M); cash balance, $17.9M (+$4.4M).
- Press release.
- Previously: Cyren misses by $0.01, misses on revenue (May 22)