CIRC is trading 8.77% down now at $0.59 after Circle8 reported an $86.4 million second-quarter net loss, versus $10.7 million a year earlier.
- Loss per share widened to $0.98 from $0.20, while revenue surged to $319.8 million.
- Results included a $60.4 million one-time SPP litigation-settlement charge, intensifying profitability concerns.
- Management is prioritizing improved profitability, cash flow, and operating efficiency; the broader market is only modestly lower.