Overview
- The company posted a $54.8 million Q3 net loss on $972,900 in revenue, including $20.3 million in legal expenses tied to its SPAC process.
- Shares fell more than 3% in morning trading as investors digested the results.
- In August it agreed with Crypto.com and Yorkville Acquisition to form a vehicle focused on accumulating CRO as a digital-asset treasury.
- Trump Media says it has deployed nearly $100 million to Cronos and introduced “Truth gems” that subscribers can convert to CRO via Crypto.com.
- The company reported $10.1 million in positive operating cash flow and cited $3.1 billion in financial assets, figures presented by management alongside continued stock volatility and the absence of standard user metrics.