Gemini Jumps After Winklevoss Fund Injects $100 Million and Q1 Beats Estimates
businesscompany-earningsstocks 2 posts · 2 accounts
Gemini reported first-quarter revenue of $50.3 million, up 42% from a year earlier and ahead of estimates of $47.9 million.
The company also announced a $100 million capital injection from Winklevoss Capital Fund. Shares rose more than 22% in after-hours trading following the results and funding announcement.
From the sources (2 posts)
@techmemeGemini reports Q1 revenue up 42% YoY to $50.3M, vs. $47.9M est., announces a $100M capital injection from Winklevoss Capital Fund; GEMI jumps 22%+ after hours (@tanayamac / CNBC) (Visit Techmeme dot com for the link and full context!)
@karl_poppNew "Technology" post on CNBC: Gemini surges after Winklevoss Capital Fund invests $100 million in the crypto exchange