Keel Infrastructure Q1 Loss Widens, Revenue Falls

MT Newswires Live

05/11

Keel Infrastructure (KEEL) reported Monday a Q1 loss from continuing operations of $0.21 per diluted share, widening from a loss of $0.08 a year earlier.

Revenue for the quarter ended March 31 was $37 million, down from $47.7 million a year earlier.

Analysts surveyed by FactSet expected $34.6 million.

The company said it had liquidity of about $533 million as of May 8, including about $197 million in unencumbered Bitcoin to support site development.

Shares of the company were down more than 6% in premarket activity Monday.

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