By Connor Hart
Lucid Group's top executive, Peter Rawlinson, resigned, sparking a search for a new leader at a crucial time for the young company. A former Tesla and Jaguar engineer, Rawlinson helped the electric-vehicle startup develop some of the industry's most-innovative battery and electric-motor technology. He had served as the company's CEO since 2019. Shares rise 9.2%, to $2.86, in after-hours trading.
Super Micro Computer filed recent quarterly and annual reports with the Securities and Exchange Commission, restoring its compliance with financial reporting requirements. The filings remove a major overhang from the server maker, whose auditor resigned last fall, saying it could no longer rely on management's representations. Shares climb 23%, to $56.07, in postmarket trading.
Flywire said it would cut about 10% of its workforce as part of a restructuring aimed at driving productivity and optimizing investments. The layoffs came as the payments company swung to a loss in the fourth quarter and guided for lower-than-expected revenue in 2025, despite an acquisition that is expected to fuel operations. Shares fall 22%, to $13.75, in after-hours trading.
Axon Enterprise more than doubled its profit and logged higher revenue in the fourth quarter. The Taser maker posted net income of $135.2 million on revenue of $575.1 million, up from net income of $57.1 million on revenue of $544.3 million last year. Adjusted per-share earnings of $2.08 topped the $1.40 that analysts expected. The company additionally guided for better-than-expected sales in 2025. Shares rise 13%, to $562, in postmarket trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
February 25, 2025 18:59 ET (23:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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