Shares of CMO Group PLC (AIM:CMO), the UK's leading online-only building materials retailer, dropped 10% after it sounded the earnings alarm.
Its pre-close trading statement revealed lower-than-expected average order values towards the end of 2023 to be the issue.
Adjusted EBITDA is expected to be approximately £1 million, falling short of the prior year's £2.1 million and previous forecasts.
The stock fell 2.85p to 24.65p in early trading.