C3.ai, Inc. (NYSE: AI) stock plummeted 25.58% on Monday to $16.47 after CEO deemed Q1 results “completely unacceptable.” Revenues targeted at $70.2-70.4M with an operational loss of $124.7-124.9M. Non-GAAP loss projected at $57.7-57.9M. CEO cited recent leadership changes and health issues for poor performance.

CEO Tom Siebel of C3.ai (NYSE: AI) announced resignation due to health reasons after being diagnosed with an autoimmune disease causing visual impairment. Company searching for new CEO to lead growth and success. Siebel to transition to Executive Chairman role post-successor appointment.

C3.ai, Inc. (NYSE: AI) CEO Siebel calls sales figures “completely unacceptable” due to disruptions from leadership changes and health issues. Company targeted Q1 revenues of $70.2-70.4M with operational loss of $124.7-124.9M. Non-GAAP loss projected at $57.7-57.9M. Stock nosedives 25.58% to $16.47.

C3.ai, Inc. (NYSE: AI) falls for fourth consecutive day following CEO’s comments on poor Q1 performance. Stock plunges 25.58% to $16.47. Search for new CEO initiated after Siebel’s resignation due to health reasons. Siebel to remain Executive Chairman post-successor appointment.

Read more at Yahoo Finance: C3 AI (AI) Nosedives as Preliminary Results ‘Completely Unacceptable’