Overview

* Financial consulting firm FRMO ( FRMO ) fiscal Q1 net loss of $15.9 mln, compared to net income of $34.5 mln last year

* Company's book value decreased to $590.4 mln from $651.2 mln at prior fiscal year-end

Outlook

* Company aims to expand digital assets mining operations

Result Drivers

* UNREALIZED LOSSES - Net loss driven by unrealized losses from equity securities

* ASSET DECLINE - Decrease in current assets primarily due to lower equity securities value

* DIGITAL ASSETS EXPANSION - Co plans to expand digital assets mining operations

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 EPS -$0.36

Q1 -$62.68

Operatin mln

g Income

Before

Tax

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)