Key Highlights:

  • Seven technology stocks fell between 9.95% and 21.17% on Friday, October 23, 2026, and none has announced a separate catalyst for the session.
  • The average decline was about 14.2% (calculated), with Hub Cyber Security leading at 21.17%.
  • Hub Cyber Security reported a 2025 net loss of $119.79 million on revenue of $31.66 million, or about 3.8 times revenue (calculated).
  • Exascale Labs doubled revenue to $14.8 million yet the shares closed about 44.2% below their 52-week high (calculated).
  • authID has two Nasdaq compliance deadlines in February 2027, the nearest 114 days away (calculated).

Which Technology Stocks Are Falling on October 23, 2026, and What Do They Do?

Seven technology names fell on Friday, October 23, 2026, and none of the companies has announced a separate catalyst for the session. Hub Cyber Security (NASDAQ:HUBC) dropped 21.17% to $0.1590 after two reverse splits, and Algorhythm Holdings (NASDAQ:RIME) dropped 18.24% to $0.0995 after a $23 million all-stock energy purchase. authID (NASDAQ:AUID) fell 14.02% to $0.3018 following a $1.35 million financing, Exascale Labs (NASDAQ:XLAB) fell 12.53% to $4.12 despite 111.3% revenue growth, and CTW (NASDAQ:CTW) fell 11.62% to $1.75 a week after annual results. Darkiris (NASDAQ:DKI) lost 11.53% to $1.99 and YYForce (NASDAQ:YFOR) lost 9.95% to $0.2046.

Hub Cyber Security: How Much Has the Share Count Been Reset in 2026?

The Israel-based cybersecurity group completed a 1-for-20 reverse split on June 8, cutting shares from 66,603,152 to about 3,330,157, and a 1-for-25 split on September 14, cutting 44,895,531 shares to 1,795,821. The count rose about 13.5 times between the two (calculated). A Nasdaq letter dated September 23 cited a market value requirement, and the implied market value is about $0.28 million (calculated). Its 2025 net loss was $119.79 million on revenue of $31.66 million, and a QPoint Group sale for about $8.7 million was agreed on August 4.

Algorhythm Holdings: What Did the Azure Energy Purchase Change?

On September 15 the company paid about $23 million in 4,076,312 common shares and 22,038 Series B preferred shares for Azure Energy, which reports 72 facilities with 17.5 GW of renewable power and a backlog above $10 million. Management is also weighing a sale or spin-off of its SemiCab freight platform, announced August 25. A share settlement covering $1,928,014 of liabilities ended on September 21. Volume reached 63.87 million shares, about 7.9 times the 8.06 million average (calculated), and the price is about 97.8% below the $4.58 high (calculated).

authID: Where Does the Stock Sit Against Its Financing Prices?

The October 5 private placement targets about $1.35 million, with a $0.386 debenture conversion price and $0.50 warrants subject to stockholder approval. The $0.3018 close is about 21.8% below the conversion price and 39.6% below the warrant price (calculated). A research summary showed six-month revenue near $1 million, down 41%, with a $9.2 million net loss and $1.4 million of cash. Nasdaq flagged equity of $2.04 million against a $2.5 million minimum, and the compliance dates are February 14 and February 23, 2027.

Exascale Labs: Why Fall Despite 111% Revenue Growth?

Fiscal 2026 revenue rose 111.3% to $14.8 million, but gross margin was 16.3% and the net loss widened to $12.2 million, including a $7.4 million fair value charge. The net loss equals about 82.4% of revenue (calculated). Liabilities of $31.9 million exceeded total assets of $6.7 million, leaving a deficit of $25.2 million. Shares began trading on August 28 after a business combination, and management cites a pipeline near $300 million. A quote page lists results for December 15, which the company has not confirmed.

CTW: Did Cutting Advertising Cost the Game Platform Its Audience?

The Tokyo-based anime web game platform reported fiscal 2026 results on October 15, 8 days before the session (calculated). Revenue fell 9% to $82.51 million, and a $3.83 million profit became a $4.13 million loss. Advertising spending dropped 22% to $41.01 million, while monthly active users fell 33% to about 2.26 million and paying users edged up 0.6% to 89,053. Cash was $14.44 million with no debt. The $1.75 close compares with an implied prior close of about $1.98 (calculated), and no fiscal 2027 guidance was issued.

Darkiris: What Has the AI Pivot Added to a Mobile Game Developer?

The Hong Kong developer opened a Singapore research hub on April 9, when shares reportedly rose about 143%, launched an AI video platform on May 29, and issued a Cine3.AI expansion update on September 30 alongside a registration for about 4.17 million units. A 1-for-50 consolidation took effect October 22, and a $6 million offering priced October 8. Trailing revenue is $10.80 million, up 5.9%. First-half fiscal 2026 revenue grew 13.9%, while the fiscal 2025 report showed 27.3% growth and positive operating cash flow.

YYForce: Which October Robotics Releases Preceded the Drop?

Five robotics-related announcements arrived between October 6 and October 21, a 15-day span (calculated). They covered a training center, a humanoid robot partnership for a 772-room hotel, the Yolara platform, 20 wearable data collection systems and the Workforce OS architecture. Market reports said shares fell about 36% after hours on the partnership news and cited a $20 million at-the-market program. First-half revenue rose 26.8% to about $32.7 million, the 2026 outlook was withdrawn on September 25, and updated guidance is tied to full-year results.

Technology Decliners Compared: Which Companies Carry the Heaviest Losses Relative to Sales?

Hub Cyber Security's net loss is about 3.8 times its revenue (calculated), compared with 82.4% of revenue at Exascale Labs and about 5.0% at CTW (calculated). CTW's revenue of $82.51 million is roughly 5.6 times Exascale Labs' $14.8 million (calculated).

By market value, Exascale Labs' roughly $246 million is about 879 times Hub Cyber Security's $0.28 million, although the figures come from different sources and dates (calculated). Measured from 52-week highs, Algorhythm Holdings sits about 97.8% below and Exascale Labs about 44.2% below (calculated). The average decline was about 14.2%, and the gap between the first and last mover was 11.22 percentage points (calculated).

What to Watch Next: Which Dated Items Could Move These Stocks?

authID faces Nasdaq dates of February 14 and February 23, 2027, and its warrant approval remains pending. Exascale Labs shows results for December 15, 2026, 53 days away (calculated), though the company has not confirmed it. Hub Cyber Security must answer its September 23 notice, while Algorhythm Holdings, CTW, Darkiris and YYForce have not announced dates for their next results.

No. None of the seven companies has announced a separate catalyst for the session.

Hub Cyber Security fell the most, dropping 21.17% to $0.1590.

Exascale Labs grew fiscal 2026 revenue 111.3% to $14.8 million.