Markets
Solana Company Misses On Normalized EPS As A $105 Million GAAP Profit Rides SOL's Rally, While Staking Revenue Rebounds
Solana Company (NASDAQ: HSDT) posted a third quarter in which the GAAP and normalized results tell opposite stories. On the Earnings Whispers normalized basis, the company lost $0.06 per share. That was well short of the $0.01 consensus loss, a 500.0% miss, although it still represents 99.8% year-over-year earnings growth from a deeply negative base. GAAP results look very different: net income of $105.2 million, or $1.17 per diluted share, against a $352.8 million loss a year ago. Almost all of that profit came from a $102.7 million unrealized gain on digital assets as SOL rallied roughly 60% during the...
Finviz5 min read
