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RKLY - Rockley Photonics drops 9% after providing revenue update
Rockley Photonics Holdings Limited
Rockley Photonics (NYSE:RKLY) revises full year outlook, expects 2021 revenue between $7M-8M and 2022 revenue to be $25M-30M. As of September 30, 2021, the Company had cash, cash equivalents and investments of $125M. Company also announced its intention not to proceed with its data-communications-related technical sale to Hengtong Rockley Technology, its joint venture with Jiangsu Hengtong Optic-Electric. Stock slumps 9% during post market