AtlasClear nearly doubles revenue, but accounting gains support net profit
AtlasClear Holdings ($ATCH) reported fiscal-year revenue of $20.1 million, up 85%, helped by stock-locate revenue of $6.8 million compared with $0.3 million a year earlier. Its operating loss widened to $9.8 million from $4.9 million. Reported net income was $2 million, down from $5.8 million, and included an $11.1 million gain from revaluing an earnout liability. Cash increased to $15.4 million from $7.5 million, and the company said substantial doubt about its ability to continue as a going co
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