Gemini (GEMI) shares drop 7% in extended trading despite narrower Q2 net loss

GEMI Gemini Space Station Inc

$4.67 -2.10%

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TBBB +0.69% HSDT +0.38% MLSS +1.41% MSGM -3.35% TOMZ -1.90%

1. 1Gemini Space Station (GEMI) shares fell 7% in extended trading after its Q2 earnings release, trading at $4.00
2. 2Net loss of $107.7 million narrowed 19% year-over-year, while revenue rose 37% to $45.5 million
3. 3Improved results were overshadowed by identity fraud provisions and a decline in trading volume, with crypto trading volume falling from $11.3 billion to $3.8 billion

Source The Wall Street Journal +5 · View original ↗

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