BNC: Net loss of $11.4M driven by BNB price decline and high unrealized losses; revenue $7.2M
Quarterly revenue was $7.2 million, with a net loss of $11.4 million driven by a $15.3 million unrealized loss on BNB holdings and reduced Airdrop income. The company’s financial results remain highly sensitive to BNB price volatility, with ongoing risks from regulatory scrutiny, internal control w…