Director Shivaram Sachin M purchased 50,000 shares at blended average $0.85 in two transactions as company faces $-39.4M net loss and -13.2% revenue decline.
Shivaram Sachin M initiated a 50,000-share position totaling $42,300.00 through 2 separate purchases on 2025-05-14 and 2025-05-15, acquiring at prices ($0.85 and $0.84) substantially below the current market price of $8.44. This represents his first open-market purchase, transitioning from zero holdings to meaningful ownership. The purchases occurred in a context of significant operational stress: the company posted net income of $-39.4M against quarterly revenue of $111.8M, with annual revenue declining 13.2% and the stock trading 62.6% below its 52-week high. His cross-ticker track record across 3 prior buys shows an average 90-day return of -16.5%, establishing a pattern of post-acquisition price deterioration; however, this ticker represents his initial entry point at the company level.