Securitize ( SECZ ) Stock price drops 20% due to earnings not meeting expectations
2026-08-13 06:30:40
According to CoinMeta, Securitize ( SECZ ) saw its stock price fall by 20% in after-hours trading on Wednesday due to the company failing to meet Wall Street's second-quarter expectations in its first financial report. The company reported revenue of $14.4 million, a 5% year-on-year decrease, lower than analysts' forecast of $20.6 million. Securitize incurred a loss of $2.37 per share, whereas the expected loss was only $0.15. The net loss totaled $21.7 million, and the adjusted EBITDA shifted from a profit of $1.8 million in the same period last year to a loss of $5.5 million. Despite the weak financial results, Securitize's platform activity is still growing, with the average managed tokenized assets reaching a record $4.3 billion, a 16% year-on-year increase.
Source:CoinDesk
This content is for market information only and does not constitute investment advice.
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