PurchasePro (PPRO) was down 12.5% in late afternoon after falling to $2.39, close to its 52-week low of $2.10. The B2B software maker restated first-quarter revenue to $17.1 million, down from $29.8 million reported April 26.

The first-quarter net loss, minus special charges, grew to 23 cents a share, from the previously reported net loss of 2 cents a share. The restatement follows news Monday that CEO Charles "Junior" Johnson, Jr. left the company.