Travelzoo faces costs for membership expansion and declining cash
TZOO Travelzoo
$5.07 -0.39%
View chart & analysis → - 1Travelzoo shares fell approximately 25% following the report.
- 2Travelzoo's third-quarter revenue is projected at approximately $23 million with an expected loss of $0.09 per share.
- 3Travelzoo's cash balance decreased to $7.6 million as of the end of June.
So what's the key point?
Travelzoo's cash decreased to $7.6 million due to efforts to expand membership services. Shares fell about 25% following this news.
Source Earnings Whispers · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.