CEA Industries posts fiscal Q3 2026 net loss of USD 106.6 million as BNB price falls 28% to USD 781

Reuters03-17

CEA Industries posts fiscal Q3 2026 net loss of USD 106.6 million as BNB price falls 28% to USD 781

BNC published a quarterly earnings release for fiscal Q3 2026. The company posted a net loss of USD 106.6 million, or EPS of USD -2.00. BNC said a 28% drop in BNB prices during the quarter drove an unrealized loss of about USD 159.8 million, as BNB represents the substantial majority of its assets. The company said airdrop activity in the BNB ecosystem declined materially versus prior periods, reducing treasury income, and it is renegotiating its asset management agreement with 10X Capital Management to reduce fees. BNC said CEO David Namdar will step down no later than Aug. 31, 2026, and it repurchased 2,176,217 shares over the nine months ended Jan. 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CEA Industries Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603161650PRIMZONEFULLFEED9673038) on March 16, 2026, and is solely responsible for the information contained therein.

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