FreeCast Stock Jumps 141% After DIRECTV Expansion, But CAST Risks Remain High
FreeCast shares soared 140.68% to $1.55 on June 12 after announcing an expanded DIRECTV partnership, but slid to $1.40 after hours as investors weighed the company’s $92,909 quarterly revenue, $4.53 million net loss, and “substantial doubt” about its ability to continue as a going concern, with no financial terms or revenue targets disclosed for the DIRECTV deal.