Why Enjoy Technology Fell by Almost 4% Today
Enjoy Technology (NASDAQ: ENJY), a company that specializes in bringing high-end retail experiences to the home, didn't have a good day on the market Thursday. Its shares closed almost 4% lower, following the publication of its latest set of quarterly earnings.
After market close on Wednesday, Enjoy unveiled its fourth quarter of 2021 results. These show that the specialty-retail company earned $22.2 million in revenue, which was almost 23% higher than the same period of 2020. Enjoy also managed to narrow its net loss, although it still landed well in the red. Its deficit was nearly $70.7 million ($0.68 per share), compared to fourth-quarter 2020's $77.7 million.
Image source: Enjoy Technology.
Source Fool.com
