Vintage Wine Revenue Rose 33% in Fiscal 2022, So Why Did a Small Loss Cause Stock to Plunge 40%?
The loss was $571,000 against net revenue of $293,770,000. That's right, the stock plunged 40% because the company incurred a loss of 0.0019% of net revenue.
One answer, suggested by CEO/founder Pat Roney, was changes in VWE's accounting operations, including a