Banzai International Q1 Loss Narrows, Revenue Falls; Shares Fall After-Hours

MT Newswires Live05-16

Banzai International (BNZI) reported a Q1 loss late Friday of $11.69 per diluted share, narrowing from a loss of $30.37 a year earlier.

One analyst polled by FactSet expected a loss of $5.

Revenue for the quarter ended March 31 was $2.7 million, down from $3.4 million a year earlier.

One analyst surveyed by FactSet expected $2.9 million.

Shares of Banzai International were down more than 13% in after-hours activity.

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