CARL

CARL remains in a Stage 4 Decline with confirmed lower highs and lower lows. Price trades below all major EMAs, which are sloping down and acting as resistance. The medium-term bias is bearish, reinforced by the absence of any active bullish patterns and persistent distribution pressure. On the short term, price is extended below EMAs without a clear pullback into resistance, creating no immediate entry edge. Execution should be deferred until a retest of falling EMAs or structural resistance offers a better setup for bearish engagement.

• ↑Q1 revenue jumped 58% YoY to $16.1M, prompting FY26 guidance to $72–77M.
• ↑Gross margin expanded to 77.1% in Q1, up from 74.9% YoY.
• ↓Reported net loss widened to $8.7M in Q1, with OPEX up to $21.7M.