Fusemachines (NASDAQ:FUSE) Posts Quarterly Earnings Results

Fusemachines (NASDAQ:FUSE) posted its quarterly earnings results on Friday. The company reported ($0.03) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $1.88 million during the quarter.

Fusemachines Price Performance

FUSE traded up $0.15 during trading on Friday, reaching $1.62. 154,332 shares of the company were exchanged, compared to its average volume of 228,048. The business’s 50 day moving average price is $1.43. Fusemachines has a 52 week low of $0.80 and a 52 week high of $4.25.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on Fusemachines in a research report on Tuesday, January 27th. They set a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Alberta Investment Management Corp bought a new position in shares of Fusemachines in the fourth quarter worth $78,000. Saba Capital Management L.P. bought a new position in shares of Fusemachines in the fourth quarter worth $112,000. Meteora Capital LLC grew its stake in shares of Fusemachines by 22.0% in the fourth quarter. Meteora Capital LLC now owns 1,088,350 shares of the company’s stock worth $1,796,000 after purchasing an additional 196,420 shares in the last quarter. Geode Capital Management LLC bought a new position in shares of Fusemachines in the fourth quarter worth $116,000. Finally, MMCAP International Inc. SPC bought a new position in shares of Fusemachines in the fourth quarter worth $58,000. Institutional investors own 46.80% of the company’s stock.

Fusemachines Company Profile

Fusemachines (NASDAQ: FUSE) is a technology company that develops and delivers artificial intelligence solutions and talent services for enterprises. The company provides AI engineering, model development, and deployment services to help organizations integrate machine learning and automation into business processes. Fusemachines also offers training and workforce development programs designed to build in-house AI capabilities and supply skilled practitioners to enterprise clients.

Founded by Sameer Maskey, Fusemachines has positioned itself as both a provider of AI technology and an educator aimed at expanding the pool of qualified AI professionals.