Securitize shares plunged 20% in after-hours trading after missing Q2 revenue and earnings estimates in its first report since going public
The tokenization firm reported Q2 revenue of $14.4 million, down 5% year-over-year and below analyst estimates of $20.6 million. It posted a $2.37 per-share loss, significantly wider than the expected loss of $0.15 per share. Despite the financial miss, Securitize, known for its work with BlackRock's BUIDL token, saw average tokenized assets under management reach a record $4.3 billion, up 16% from a year earlier.
Source:CoinDesk · Source Link
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