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Morning Market Losers

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Spherix (NASDAQ: SPEX) dropped 37.57% to $2.16 after jumping 16.50% on Wednesday. Spherix announced a $20 million registered direct offering of preferred stock.

Tilly's (NYSE: TLYS) shares fell 20.20% to $8.44 after the company reported its Q1 earnings of $0.02 per share on revenue of $111.10 million and issued a weak Q2 outlook.

Gordmans Stores (NASDAQ: GMAN) shares dropped 13.03% to $4.34 after the company reported a Q1 loss of $0.04 per share.

Fabrinet (NYSE: FN) slipped 6.23% to $18.35 after the company priced a secondary offering by selling shareholder of 3.15 million shares.

ReneSola (NYSE: SOL) shares declined 4.81% to $2.57 after the company reported a Q1 loss of $0.07 per share on revenue of $415.0 million.

Air Industries Group (NYSE: AIRI) shares dropped 4.17% to $10.39 after the company announced a 1.17 million share sale in a direct offering for $9 per share.

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