Gemini Q3 Revenue Falls to $41 Million Amid Volume Drop
Gemini reported a drop in Q3 revenue to $41 million as trading volume declined by 73%.
Gemini's third-quarter revenue fell to $41 million alongside a 73% drop in trading volume, according to TheBlock. Despite the declining financial metrics reported for the quarter, the company's shares rose more than 6% after hours.
Stock Performance and Revenue
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The post-market uptick follows a steep decline for the equity. According to the report, the company's stock remains down around 75% since the beginning of the year.
Key facts
- Gemini Q3 revenue fell to $41 million.
- Trading volume dropped 73% during the period.
- Shares rose more than 6% after hours following the report.
- The stock remains down approximately 75% year-to-date.
Source: theblock.co
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