US Stocks Move: SCHMID Group Order Guidance Raised Significantly to 150 Million Euros, Shares Surge Over 12% Pre-market

Glonghui, July 15 — SCHMID Group (SHMD.US) rose over 12% in pre-market trading, mainly due to the company's upward revision of its full-year order guidance and the completion of a $20 million convertible note financing. The company recorded orders of €30.7 million and revenue of €27.7 million in the second quarter. Including the repeat order of over €37 million announced on July 7, cumulative orders since the beginning of the year have reached €81.6 million. Based on improved order momentum, the company has raised its full-year order guidance from approximately €114 million to a range of €125 million to €150 million.