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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

 

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Romania-born unicorn UiPath plunges 40% over past six months

NYSE-listed UiPath (PATH), the first Romanian unicorn and the market leader in RPA (Robotic Process Automation), is facing a sharp decline in terms of market capitalisation, as its shares have lost over 40% in value over the past 6 months.

Despite Q3 financials topping analysts' expectations, the company's shares continued to fall and are currently listed 15% below the price in the IPO carried out this April, Adevarul reported.

The above-expectations results meant, however, smaller losses. The company reported a third-quarter loss of USD 122.8 mln, or 23 cents a share, compared with a loss of USD 70.8 mln, or 41 cents a share, in the year-ago period.

The company's shares fell nearly 4% after hours in response to the release, following a 1.6% rise in the regular session to close at USD 47.71, or 15% below their April IPO price of USD 56 a share.

Recurring annual revenue was USD 818.4 mln, up 58% from the previous year. Analysts had expected the indicator to be USD 797.9 mln.

Total operating expenses were USD 294 mln, up from USD 192.9 mln a year earlier, as the company spent more on sales and marketing and R&D.

andrei@romania-insider.com

(Photo source: Facebook/UiPath)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

 

The Capital Markets News section is powered by the Bucharest Stock Exchange 

 

BSE

 

 

Romania-born unicorn UiPath plunges 40% over past six months

NYSE-listed UiPath (PATH), the first Romanian unicorn and the market leader in RPA (Robotic Process Automation), is facing a sharp decline in terms of market capitalisation, as its shares have lost over 40% in value over the past 6 months.

Despite Q3 financials topping analysts' expectations, the company's shares continued to fall and are currently listed 15% below the price in the IPO carried out this April, Adevarul reported.

The above-expectations results meant, however, smaller losses. The company reported a third-quarter loss of USD 122.8 mln, or 23 cents a share, compared with a loss of USD 70.8 mln, or 41 cents a share, in the year-ago period.

The company's shares fell nearly 4% after hours in response to the release, following a 1.6% rise in the regular session to close at USD 47.71, or 15% below their April IPO price of USD 56 a share.

Recurring annual revenue was USD 818.4 mln, up 58% from the previous year. Analysts had expected the indicator to be USD 797.9 mln.

Total operating expenses were USD 294 mln, up from USD 192.9 mln a year earlier, as the company spent more on sales and marketing and R&D.

andrei@romania-insider.com

(Photo source: Facebook/UiPath)

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