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. Cash was $7.1 million and debt approximately $16.8 million. Some BNB was pledged against a USDC loan. The disclosure highlights the treasury’s sensitivity to token prices and financing obligations; it does not show a reduction in the number of BNB tokens held.

Sources:

• CEA Industries — quarterly release, GlobeNewswire via StockTitan