Shares in Aferian PLC (AIM:AFRN) tumbled 16.5% in early trade after the video streaming company’s trading statement failed to pass muster.
While software-as-a-service revenues are growing, income from devices fell 71% in the six months ended May 31.
As a result turnover for the period is expected to have almost halved to $23.1 million.
The shares dropped 2.35p to 11.9p in early trade.