BuildingIQ Takes Big Tumble on Q3 Earnings Report

Shares of BuildingIQ (ASX:BIQ) took a massive hit on Thursday (October 31) following the release of “mixed” metrics in the company’s Q3 financial results.

The company — which helps building owners decrease energy usage and improve tenant comfort — highlighted that its unaudited total income for the quarter totalled AU$2.23 million and that its revenue came in at AU$1.84 million, down 2.9 percent and 4.6 percent, respectively.

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Shares of the company were down nearly 50 percent during Thursday’s trading session after it reported mixed financial metrics.

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