DeFi Technologies Faces Investor Backlash After Disastrous Quarter

DeFi Technologies finds itself navigating turbulent waters following a series of damaging developments that have severely shaken investor confidence. The financial technology company reported catastrophic third-quarter results, dramatically slashed its future revenue projections, and unexpectedly replaced its chief executive officer, creating a perfect storm of negative sentiment.

The company’s recent quarterly report revealed earnings of just $0.01 per share, falling far short of the $0.07 per share that market participants had anticipated. This significant earnings miss prompted immediate reaction from financial analysts, with B. Riley substantially reducing its 2025 profit estimates on Wednesday. The firm now projects earnings of $0.19 per share, down significantly from its previous forecast of $0.28 per share.

Even more concerning Read more...