ChannelAdvisor Corp ECOM tumbled in Monday's extended session after the company's preliminary fourth-quarter revenue fell short of expectations.
The company traded recently at $15.90, down more than 24 percent.
ChannelAdvisor, which provides cloud-based e-commerce software to retailers, expects fourth-quarter revenue of $23.7 million, versus its earlier outlook for revenue between $25.6 million and $26.1 million.
Analysts expected revenue of $25.9 million.
Chief Executive Scot Wingo blamed the shortfall on a shift to larger customers that obtain volume discounts from the company.
The company expects to post full fourth-quarter results February 5.
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