Solana posts Q3 net loss

Reuters

Nov 19

<a href="https://laohu8.com/S/HSDT">Solana</a> posts Q3 net loss

Overview

Solana Q3 net loss of $352.8 mln
Company reported a significant unrealized loss on digital assets
Solana approved a stock repurchase program for up to $100 mln

Outlook

Company did not provide specific guidance for future quarters in its press release

Result Drivers

DIGITAL ASSET STRATEGY - Partnership with Pantera and Summer Capital secured over $500 mln to support digital asset treasury strategy
FINANCIAL POSITION - Launched ATM program and issued cash-exercise warrants to enhance financial flexibility
An unrealized loss on digital assets of $30.5 million resulted from the net change in fair value of digital assets held by the Company as of quarter end

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Net Income		-$352.8 mln
Q3 Operating Expenses		$36 mln
Q3 Operating Income		-$35.5 mln

Analyst Coverage

The one available analyst rating on the shares is "hold"
The average consensus recommendation for the investment management & fund operators peer group is "buy."

Press Release: ID:nGNX8qbK42

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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fund operators peer group is \"buy.\"</p></li></ul><p>Press Release: <span>ID:nGNX8qbK42</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HSDT","symbol_name":"Solana","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251118:nL1N3WU12A:1","article_id":"2584071965","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584071965","pubTimestamp":1763500721,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Solana posts Q3 net lossOverviewSolana Q3 net loss of $352.8 mln Company reported a significant unrealized loss on digital assetsSolana approved a stock repurchase program for up to $100 mlnOutlookCom","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HSDT":"Solana","BK4082":"医疗保健设备","BK4600":"加密货币概念"},"translate_title":"Solana公布第三季度净亏损","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSDT":0.9},"content_text":"Solana posts Q3 net loss OverviewSolana Q3 net loss of $352.8 mln Company reported a significant unrealized loss on digital assetsSolana approved a stock repurchase program for up to $100 mlnOutlookCompany did not provide specific guidance for future quarters in its press releaseResult DriversDIGITAL ASSET STRATEGY - Partnership with Pantera and Summer Capital secured over $500 mln to support digital asset treasury strategyFINANCIAL POSITION - Launched ATM program and issued cash-exercise warrants to enhance financial flexibilityAn unrealized loss on digital assets of $30.5 million resulted from the net change in fair value of digital assets held by the Company as of quarter endKey DetailsMetricBeat/MissActualConsensus EstimateQ3 Net Income-$352.8 mlnQ3 Operating Expenses$36 mlnQ3 Operating Income-$35.5 mlnAnalyst CoverageThe one available analyst rating on the shares is \"hold\"The average consensus recommendation for the investment management & fund operators peer group is \"buy.\"Press Release: ID:nGNX8qbK42For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}