SCHMID Group NV (NASDAQ:SHMD) shares are trading higher Thursday.
The Nasdaq is up 0.48% while the S&P 500 has gained 0.57%.
SCHMID Reaffirms 2026 Outlook
Recently, SCHMID reaffirmed its 2026 outlook after reporting first-quarter revenue of 18.2 million euros and order intake of 13.6 million euros, while citing strong business momentum in China.
The company maintained guidance for revenue above 100 million euros, adjusted EBITDA margin above 12% and annual order intake of about 114 million euros.
SCHMID also disclosed that investors converted 12 million dollars of convertible notes into roughly 2.2 million shares, increasing the company’s total outstanding shares to 57.8 million.
Separately, the company plans to issue shares to offset 30.75 million euros in liabilities owed to key shareholders and related entities, pending shareholder approval later this month.
SCHMID said the transactions are expected to strengthen its balance sheet, reduce leverage and improve financial flexibility.
SCHMID Short Interest …
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