Gemini (GEMI) Stock Hits Record Low Despite Revenue Doubling in First Public Earnings

TLDR Gemini reported Q3 revenue of $50.6 million, more than double the prior year’s $24.5 million, as trading volumes jumped 45% to $16.4 billion. The crypto exchange posted a $159.5 million net loss versus $90.1 million a year ago, driven by stock compensation and marketing costs from its September IPO. GEMI shares dropped over 11% [...]

The post Gemini (GEMI) Stock Hits Record Low Despite Revenue Doubling in First Public Earnings appeared first on Blockonomi.