By market open, shares had dropped 28.3% to $8.76.
Over its second quarter, the company expects revenue between $20.2 million and $20.8 million, representing 2% to 5% growth over the year-ago quarter. Analysts surveyed by Yahoo! Finance had expected revenue of $22.46 million.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts