Securitize (SECZ) shares plunged 20% in after-hours trading Wednesday after the tokenization company reported weaker-than-expected second-quarter results in its first earnings release since becoming a publicly traded company. The blockchain-based securities firm reported Q2 revenue of $14.4 million, a 5% decline from the same period last year and well below Wall Street estimates of $20.6 million. Securitize also recorded a loss of $2.37 per share, sharply exceeding analysts expected loss of $0.15 per share. Net losses reached $21.7 million during the quarter. Adjusted EBITDA fell to a $5.5… Read more
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