WhiteFiber, Inc. (NASDAQ:WYFI) posted a wider loss for the fourth quarter on Thursday.

The New York-based company reported a Q4 GAAP loss per share of 67 cents, wider than the 18-cent loss estimate, while revenue of $23.561 million came in below the $23.791 million estimate.

Total revenue rose 61% year over year to $23.6 million, while net loss widened to $1.5 million from $1.0 million. Adjusted EBITDA increased to $5.8 million from $5.5 million.

"We completed our initial public offering, expanded our infrastructure platform, and began bringing new AI capacity online to support the rapidly growing demand for high-performance compute," CEO Sam Tabar said.

WhiteFiber shares fell 12.5% to trade at $10.63 on Friday.

These analysts made changes to their price targets on WhiteFiber following earnings announcement.

  • HC Wainwright & Co. analyst Kevin Dede maintained Whitefiber with a Buy and lowered the price target from $34 to $20.
  • Needham analyst John Todaro maintained the stock with a Buy and cut the price target from $38 to $36.

Considering buying WYFI stock? Here’s what analysts think:

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