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The first financial report after the CEX listing shows a net loss in Q3 that greatly exceeds expectations, with the stock price falling 8.67% in pre-market trading.
On November 11, the US-listed encryption trading platform CEX Space Station released its first financial report after going public, with third-quarter losses exceeding market expectations. Due to a surge in marketing and listing-related expenses, the net loss for the quarter reached $159.5 million (equivalent to a loss of $6.67 per share), doubling the analysts' expected loss of $3.24 per share. Despite revenue doubling year-on-year to $50.6 million, the company's stock price still fell 8.67% to $15.38 in pre-market trading.