Gemini (GEMI) Stock Crashes to Record Low Despite Doubling Revenue in First Public Earnings
TLDR Gemini reported Q3 revenue of $50. 6 million, more than double the $24. 5 million from the same period last year, driven by a 45% increase in trading volumes to $16. 4 billion. The company posted a net loss of $159. 5 million, compared to $90. 1 million a year ago, primarily due to stock-based compensation and marketing costs [.] The post Gemini (GEMI) Stock Crashes to Record Low Despite Doubling Revenue in First Public Earnings appeared first on CoinCentral.
