Lichen China Limited Class A Ordinary Shares (NASDAQ:LICN) are down during Friday’s premarket session. The stock’s movement comes as broader market indices are showing positive momentum, with the S&P 500 (SPY) up by 0.41% and the Nasdaq (QQQ) gaining 0.40%, indicating a generally favorable market environment.
Last month, the company reported its financial results for the fiscal year ended December 31, 2025, revealing a significant drop in revenue.
Lichen International Limited reported a revenue decrease of approximately $19.96 million, or 40.89%, to about $24.52 million for the fiscal year 2025, compared to $41.48 million in 2024.
The company’s net loss surged by approximately $15.67 million, or 256.00%, reaching about …