Bullish Posts $1.78 Q2 Loss Per Share Despite 62% Revenue Jump
BLSH sits 27% above its 52-week low of $20.55.
Summary
Bullish reported a Q2 loss of $1.78 per share, adding detail to the net loss of $280 million disclosed in the 6-K filed earlier today. Adjusted revenue rose 62% year-over-year to $92.6 million, driven by subscription and services growth. The company's trading volume has been volatile, with a 40% drop in July following a strong June rebound. The tokenized BLSH shares began trading on the GFSC-regulated exchange on August 12, a milestone that may influence investor sentiment.
At the time of this announcement, BLSH was trading at $26.00 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $20.55 to $118.00. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.