Keel Shares Under Pressure After Double Miss
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Keel Infrastructure Corp. (NASDAQ: KEEL) shares fell 9.32% to $3.60 after reporting Q1 results, missing earnings and revenue estimates. The company reported a loss of 21 cents per share against a 9 cent loss estimate and revenue of $37 million, below the $37.83 million forecast, marking a 23% decline year-over-year. Despite this, Keel has $533 million in liquidity, including $336 million in cash and $197 million in Bitcoin. CEO Ben Gagnon highlighted the completion of a strategic transformation and plans for future developments in North America.
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