Securitize reports $2.37 per-share loss, missing analyst estimates
Securitize shares fell 20% after hours on Wednesday due to a $2.37 per-share loss, compared to the expected $0.15 loss.
The company’s revenue fell 5% to $14.4 million, short of the $20.6 million consensus estimate.
Despite the earnings miss, average tokenized assets under management reached a record $4.3 billion, with transaction volume jumping 147% to $5.3 billion.