On March 3, 2025, enCore reported disappointing financial results for the quarter ended December 31, 2024. Specifically, enCore reported a net loss of $61.3 million compared to a $25.6 million net loss for fiscal 2023. enCore also revealed that its CEO is “no longer serving” in the role “or as a member of the Board,” and that the company had “identified material weaknesses in our internal control over financial reporting as of December 31, 2024.”
On this news, enCore’s stock price fell $1.17, or 46.4%, to close at $1.35 per share on March 3, 2025.
If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com.