Cano Health Faces Financial Challenges

Miami-based primary-care provider, Cano Health, announced on Thursday its financial struggles and plans to downsize its workforce by 17%. Due to a lack of sufficient cash to sustain operations in the next 12 months, the company is exploring options such as selling non-core assets and even potentially selling the business entirely. Consequently, Cano Health's shares experienced a significant decline of 50% during after-hours trading, reaching a low of 76 cents.

Maxeon Solar Adjusts Revenue Guidance amid Weaker Demand in Q2

Maxeon Solar, a solar technology company headquartered in Singapore, has revised its full-year revenue projections due to a decrease in demand for its solar products during the second quarter. The industry at large has been affected by higher interest rates and excessive inventories, resulting in dampened demand. As a consequence of these factors, Maxeon Solar's adjusted earnings guidance range has also been reduced. Following this announcement, the company's shares dropped by 22% to $17.40 in after-hours trading.

Apyx Medical Falls Short of Revenue Estimates in Q2

Medical technology company, Apyx Medical, experienced lower-than-expected revenue in the second quarter, primarily due to softer sales from international distributors caused by delays in order placement. Although the company's revenue increased by an impressive 32% to $13.6 million, it still fell short of both Apyx's own revenue guidance for the second quarter and the estimates set by Wall Street. Consequently, Apyx Medical's shares declined by 11% to $3.75 during after-hours trading.