The fintech firm reported a $1.02M revenue shortfall despite strong year-over-year growth in cash reserves.
AtlasClear Holdings posted Q3 GAAP earnings per share of $0.05 as revenue reached $4.2 million, up 68% from the same period last year. The figure fell short of expectations by $1.02 million, signaling a miss on analyst projections.
Cash and cash equivalents stood at $16.7 million, while total cash including segregated customer and PAB reserve funds totaled $41.2 million. The company did not disclose prior quarter comparisons or consensus estimates.
No immediate market reaction was reported following the release.