DeFi Technologies Shares Face Severe Downturn Following Q3 Results

DeFi Technologies is confronting a harsh market reassessment as its latest quarterly figures reveal substantial deterioration in core business performance. The company’s financial outlook for the full year has been dramatically scaled back, compelling investors to reconsider their valuation models for the enterprise.

The most alarming development emerges from the company’s updated annual guidance. Management now anticipates revenue of approximately $116.6 million, a drastic reduction from previous expectations of $218.6 million. This near-halving of projections stems primarily from reported delays in arbitrage trading operations. The disclosure reveals that prior market assumptions about the company’s growth trajectory were significantly overstated.

Profitability Metrics Show Concerning Decline

Third-quarter Read more...