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Anon is right about this take but, on this part right here
>And since the price is now lower than pre-buyback, it means they lost money from that $17 million buyback, as the stock price they bought at is higher than the current price.
They technically have "unrealized losses" in their balance sheet, which would only become actual losses if they sold (which they won't).
And if the shares every go ahead of the buyback price that disappears from their balance sheet.
If the prices won't recover tho, that won't look well in the next report (not this one coming in March, the one coming in July)
