CEA Industries reports $11.4 million loss as BNB valuations weigh
CEA Industries ($BNC) reported an $11.4 million net loss, or $0.22 per share, for its first fiscal quarter. The result included $15.3 million of unrealized cryptocurrency losses, partly offset by a $10 million gain from changes in warrant fair value. Those valuation movements are not equivalent to operating cash receipts or payments. The company held 515,544 BNB tokens with a reported value of approximately $302.3 million, while its overall cryptocurrency holdings represented most of its assets.
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