US Stock Market Move | Q4 performance below expectations, Tempus AI (TEM.US) plunges over 13% in pre-market trading.

On Tuesday, Tempus AI (TEM.US) plunged more than 13% in pre-market trading, at $60.09 per share. On the news front, the company reported a revenue of $200.7 million in Q4 2024, a year-over-year increase of 35.8%, which was lower than the market's expectation of $203 million; a net loss of $13 million, compared to a net loss of $50.5 million in the same period last year. As of the end of the quarter, the company's remaining total contract value was $940 million, with a net retained revenue rate of 140%. As of the end of the quarter, the company's cash and cash equivalents were approximately $341 million.