Sui Group (NASDAQ: SUIG) posts Q2 loss with mNAV at 0.72x
Rhea-AI Filing Summary
Sui Group Holdings Limited reported financial results for the quarter and six months ended June 30, 2026. For the quarter, total revenues were $363 thousand, driven mainly by $327 thousand of SUI staking revenue and $36 thousand of digital lending interest income, compared with $948 thousand a year earlier. The company recorded a quarterly net loss of $18,907 thousand, versus net income of $677 thousand in Q2 2025, reflecting $18,910 thousand of realized losses on digital assets.
For the first half of 2026, revenues were $956 thousand and the net loss was $89,855 thousand, compared with net income of $1,130 thousand in the prior-year period. Total assets were $97,940 thousand and shareholders’ equity $83,828 thousand as of June 30, 2026, both lower than December 31, 2025 levels. As of August 3, 2026, Sui Group reported total SUI holdings of 109,141,243 tokens valued at $75,307,458 and estimated NAV of $98,364,296, implying an mNAV multiple of 0.72x based on a market capitalization of $70,380,002.
The company emphasized its SUI treasury and specialty finance strategy, including investments in Nof1 and Recursive Superintelligence and expanded lending to Sui ecosystem partners, and reported non‑GAAP mNAV to illustrate the relationship between its token holdings, other net assets and equity value.
Positive
- None.
Negative
- Net loss of $89,855 thousand for the first half of 2026 versus net income of $1,130 thousand in the prior-year period, driven in part by $53,765 thousand of realized losses on digital assets and other fair‑value related impacts.
- Total assets fell to $97,940 thousand and shareholders’ equity to $83,828 thousand as of June 30, 2026, down from $190,365 thousand and $169,742 thousand, respectively, at December 31, 2025, indicating a substantially smaller balance sheet.
Filing Explained
The August 6 Form 8-K furnishes, rather than files, the second-quarter results and mNAV calculation; that calculation uses 80,896,554 shares, including issued but unexercised pre-funded warrants, versus 76,802,872 issued and outstanding shares on the balance sheet, so its denominator includes shares that can result from warrant exercise.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Total revenue Q2 2026: $363
Net income (loss) Q2 2026: $(18,907)
Net income (loss) H1 2026: $(89,855)
+5 more
8 metrics
Total revenue Q2 2026
$363
Three months ended June 30, 2026, in thousands
Net income (loss) Q2 2026
$(18,907)
Net loss for the three months ended June 30, 2026, in thousands
Net income (loss) H1 2026
$(89,855)
Net loss for the six months ended June 30, 2026, in thousands
Total assets
$97,940
Total assets as of June 30, 2026, in thousands
Total shareholders’ equity
$83,828
Shareholders’ equity as of June 30, 2026, in thousands
NAV
$98,364,296
Estimated NAV used in mNAV calculation as of August 3, 2026
M/NAV multiple
0.72x
Market capitalization to NAV multiple as of August 3, 2026
Total SUI holdings
109,141,243
Total SUI holdings including digital asset loans as of August 3, 2026
Key Terms
mNAV, digital asset loan receivable, SuiUSDe, non‑GAAP financial measures, +1 more
5 terms
digital asset loan receivable financial
"Digital asset loan receivable | 3,561 | | | 2,306"
SuiUSDe financial
"SuiUSDe | $10,035,434 |"
non‑GAAP financial measures financial
"This press release includes certain non‑GAAP financial measures"
staking revenue financial
"SUI staking revenue | $ | 327 |"
Earnings Snapshot
Total revenues Q2 2026: $363 (thousands)
Three and six months ended June 30, 2026
Total revenues Q2 2026
$363 (thousands)
$948 (thousands) in Q2 2025
Net income (loss) Q2 2026
$(18,907) (thousands)
$677 (thousands) net income in Q2 2025
Net income (loss) H1 2026
$(89,855) (thousands)
$1,130 (thousands) net income in H1 2025
Basic EPS H1 2026
$(1.11)
$0.18 in H1 2025
mNAV multiple
0.72x
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What were Sui Group Holdings (SUIG) Q2 2026 revenues and net results?
Sui Group reported Q2 2026 revenues of $363 thousand and a net loss of $18,907 thousand, compared with revenues of $948 thousand and net income of $677 thousand in Q2 2025, reflecting large realized losses on digital assets.
How large are SUIG’s SUI token holdings and what are they worth?
As of August 3, 2026, Sui Group held 109,141,243 SUI tokens, including digital asset loans, valued at $75,307,458. This SUI treasury is central to the company’s strategy of generating yield and balance‑sheet productivity.
How did SUIG’s profitability change for the first half of 2026?
For the six months ended June 30, 2026, Sui Group recorded a net loss of $89,855 thousand, compared with net income of $1,130 thousand a year earlier, mainly due to substantial realized and unrealized losses on digital assets and investments.
How did SUIG’s balance sheet change by June 30, 2026?
At June 30, 2026, total assets were $97,940 thousand and shareholders’ equity was $83,828 thousand, down from $190,365 thousand and $169,742 thousand, respectively, at December 31, 2025, reflecting digital asset declines and realized losses.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 6, 2026
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(Exact name of registrant as specified in its charter)
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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(Address of Principal Executive Offices) (Zip Code)
(952 ) 479-1923
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Results of Operations and Financial Condition.
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On August 6, 2026, Sui Group Holdings Limited (the "Company") issued a press release announcing its financial results for the fiscal second quarter ended June 30, 2026.
A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information in this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be
expressly set forth by specific reference in such filing.
| Item 9.01 |
Financial Statements and Exhibits.
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Exhibits.
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Exhibit No.
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Exhibit Description
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99.1
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Press Release dated August 6, 2026
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL Document)
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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SUI GROUP HOLDINGS LIMITED
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Date: August 6, 2026
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/s/ Douglas M. Polinsky
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Name: Douglas M. Polinsky
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Title: Chief Executive Officer
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Exhibit 99.1
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SUI Group Reports Second Quarter 2026 Financial and Operating Results
Enhances Balance Sheet Productivity Through Lending to SUIG’s Ecosystem and Strategic Partners and High-Conviction Investments Across Digital Assets,
Fintech and Artificial Intelligence
Total SUI Holdings of 109,141,243 (Including Digital Asset Loans) as of August 3, 2026
WAYZATA, MN, August 6, 2026 – Sui Group Holdings
Limited (NASDAQ: SUIG) (“SUI Group,” “SUIG” or the “Company”) today announced its financial and operating results for the second quarter ended June 30, 2026, along with an update on its SUI treasury strategy.
“During the second quarter, we continued to identify innovative ways in which our platform can create long-term value for our shareholders,” said Marius Barnett,
Chairman of the Board. “Our SUI treasury remains the foundation of that strategy, and has generated consistent, SUI-denominated yield through staking. We also put additional capital to work by broadening our exposure to agentic finance through
investments in Nof1 and Recursive Superintelligence, as well as deepening our role as a capital partner to leading Sui protocols, including through an expanded lending partnership with Bluefin.”
“Looking ahead, we remain focused on enhancing the productivity of our treasury by lending to our ecosystem and strategic partners on a risk-adjusted basis and
allocating capital to high-conviction growth opportunities across the digital asset, financial technology and artificial intelligence sectors. We are also deepening our leadership bench to support this strategy, including the recent appointment of
Kristina Campbell, former CFO of Ripple Labs and PayNearMe and current CFO of Wrapbook, who brings more than two decades of experience in digital assets, fintech and financial governance. We believe these initiatives, coupled with our prudent
approach to capital allocation, will enable us to maximize the value of SUIG through scalable, transparent, and long-term value creation strategies.”
Operational Highlights for the First Half of 2026
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Expanded strategic lending partnership with Bluefin by lending an additional 4 million SUI, bringing the total amount loaned to 6 million SUI, and increasing the Company’s revenue share to 11.00%,
payable in SUI, from 5.00% under the original agreement.
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Appointed Kristina Campbell as chair of the Audit Committee of SUI Group’s Board of Directors, adding more than two decades of executive leadership experience across digital assets, fintech,
payments and high-growth technology companies.
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Completed a $3 million SAFE investment in Nof1, a research lab building frontier AI models focused on trading financial markets.
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Completed a $3 million strategic investment in Recursive Superintelligence's $650 million funding round, an AI research company devoted to developing self-improving systems valued at more than $4
billion, extending the Company's exposure to artificial intelligence.
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SUI Group Treasury Update
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Treasury: 109,141,243 SUI (including 6,000,000 SUI loan receivables) as of August 3, 2026.
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SUI Value: Approximately $75.3 million using the August 3, 2026, price of $0.69 per SUI1.
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SUI per Share: Using fully adjusted shares2 issued and outstanding as of August 3, 2026, of 80.9 million shares, SUI Group’s treasury increased to 1.35 SUI per share of common stock (vs
approximately 1.34 on May 21, 2026), or $0.93 per share of common stock (vs $1.43 on May 21, 2026).
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Staking: A significant majority of the Company’s SUI is being staked, earning an approximate 1.7% annualized yield during the six-month period ending June 30, 2026. The current estimated daily
yield is approximately 5,300 SUI.
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Q2 2026 Financial Summary (vs. Q2 2025)
Highlights from the Company’s results for the second quarter of 2026 from its SUI treasury, as well as its legacy commercial short-term non-bank lending and specialty finance business,
were as follows:
| • |
Total Revenue and Other Income: Total revenue and other income
in Q2 2026 increased to $1.2 million compared to $948 thousand in the same period last year. The increase was primarily driven by the generation of SUI staking revenue and digital lending interest income from the Company’s SUI digital asset
treasury strategy
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Loss on Digital Assets: The Company’s second quarter 2026
results include approximately $16.6 million of non-cash losses on digital assets and receivables, consisting of $18.9 million in realized losses, partially offset by a $2.3 million unrealized gain. The realized loss includes a $14.0 million
loss recognized in connection with the additional SUI loaned to Bluefin and a $2.4 million loss related to the return of SUI tokens from Galaxy Digital, in its capacity as SUI Group’s asset manager. The realized gains and losses were
primarily driven by mark-to-market adjustments due to the change in the price of SUI when the SUI was de-recognised as a digital asset and re-recognised as a digital asset receivable. These U.S. GAAP-required accounting treatments reflect
changes in estimated fair value and strategic deployment of digital assets and do not represent an actual cash outflow or impact the Company’s liquidity.
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Net Income (Loss): Net loss for the second quarter of 2026 was
$18.9 million or $(0.23) per diluted share, compared to net income of approximately $677 thousand or $0.11 per diluted share in the second quarter of 2025.
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Conference Call and Webcast Details
The Company will conduct a conference call today, August 6, 2026, at 5:00 p.m. Eastern time to discuss its financial and operating results for the second quarter ended
June 30, 2026.
SUI Group’s executive team will host the conference call, followed by a question-and-answer session.
Date: Thursday, August 6, 2026
Time: 5:00 p.m. ET
Toll-free dial-in number: (877) 407-6176
International dial-in number: (201) 689-8451
Webcast: SUIG's Q2 2026 Earnings Conference Call
1 Based on SUI/USD price on August 3, 2026, as reported by Coinbase.
2 Includes issued shares, as well as issued but unexercised pre-funded warrants.
Participants can also access the Company’s earnings call using the call me option here for instant telephone
access to the event, which will be active approximately 15 minutes before the scheduled start time.
If you have any difficulty registering or connecting with the conference call, please contact Elevate IR at (720) 330-2829.
The conference call will also be available for replay on the investor relations section of the Company’s website at www.SUIG.io.
About Sui Group Holdings Limited
SUI Group is the only publicly traded company with an official Sui Foundation relationship, providing institutional-grade exposure to the SUI blockchain. Through its
industry-first SUI treasury strategy, SUI Group is building a premier, foundation-backed digital asset treasury platform designed for scale, transparency and long-term value creation. SUI’s high-speed, horizontally scalable architecture positions it
as one of the leading blockchains designed for mass adoption, powering next-generation applications in finance, gaming, AI and beyond. The Company also seeks to enhance balance sheet productivity by lending to its ecosystem and strategic partners on
a risk-adjusted basis and allocating capital to high-conviction growth themes across the digital asset, financial technology and artificial intelligence sectors. The Company plans to continue its specialty finance operations while executing its SUI
treasury and high-conviction growth strategies. For more information, please visit www.SUIG.io.
Supplemental Information on mNAV
SUIG estimates its mNAV by aggregating the value of its digital assets, cash balances and other NAV divided by the number of its outstanding common stock (including
pre-funded warrants). Using the closing price of SUIG common stock and SUI token price on August 3, 2026, SUIG is trading at an approximate mNAV of 0.72x, with calculation details below.
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M / NAV Calculation
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Outsanding Shares incl. Pre-Funded Warrants
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80,896,554
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Current Share Price
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$0.87
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Market Cap
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$70,380,002
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SUI/Share
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1.35
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NAV
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SUI Holdings
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$75,307,458
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- number
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109,141,243
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- current price
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$0.69
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USDC / USDT / SuiUSDe / Cash (available for SUI purchases)
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$12,912,749
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Other NAV
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$10,144,089
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- portfolio investments
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$3,323,020
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- Nof1
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$3,000,000
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- Recursive Ai
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$3,030,000
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- other Net Assets
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$791,069
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NAV
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$98,364,296
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M/NAV
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0.72x
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Supplemental Measures
The Company uses mNAV to help assess the performance of its strategy of acquiring and deploying SUI in a manner the Company believes is accretive to shareholders. The
Company believes that mNAV can assist investors in understanding how the Company chooses to fund purchases of and deploy SUI and the value created by such purchases. Such metrics have inherent limitations including not taking into account that our
assets are subject to all existing and future liabilities. Such metrics are not, and should not be understood as financial performance, valuation, or liquidity measures and may not be comparable to similarly titled measures of other companies. Other
companies, including other companies with digital asset treasuries, may calculate mNAV or similarly titled metrics differently, limiting the usefulness of the measure for comparative purposes. Although mNAV incorporates the label “NAV,” it is not
equivalent to “net asset value” or “NAV” or any similar metric in the traditional financial context.
The trading price of the Company’s common stock is informed by numerous factors in addition to Company’s SUI holdings and its actual or potential shares of common stock
outstanding, and as a result, the trading price of the Company’s common stock can deviate significantly from the market value of the Company’s SUI holdings, and mNAV is not indicative or predictive of the trading price of the Company’s common stock.
Such metrics are merely supplements, not substitutes to the financial statements and other disclosures contained in the Company’s SEC filings. Investors should rely on
the financial statements and other disclosures contained in the Company’s SEC filings.
Non-GAAP Financial Information
This press release includes certain non‑GAAP financial measures that are not presented in accordance with U.S.
generally accepted accounting principles (“GAAP”). These non‑GAAP financial measures include, but are not limited to, mNAV and references to non‑cash
losses on digital assets.
SUI Group uses these non‑GAAP financial measures to supplement its GAAP results in order to provide investors with
additional insight into the Company’s operating performance and cost structure, and to facilitate comparisons across reporting periods. Management believes these non‑GAAP measures are useful to
investors because they exclude certain items that may be highly variable, non‑recurring or not reflective of the Company’s core operating activities during the period, including significant non‑cash items resulting from required fair‑value accounting for digital assets and stock‑based
compensation.
These non‑GAAP financial measures should not be considered in isolation or as a substitute for, or superior to,
financial measures prepared in accordance with GAAP. The principal limitation of these non‑GAAP measures is that they exclude expenses and losses that are required to be recorded under GAAP and
that may have a material impact on the Company’s financial results. In addition, other companies, including companies in the digital asset and financial services industries, may calculate similarly titled non‑GAAP measures differently, which limits their usefulness for comparative purposes.
To compensate for these limitations, SUI Group encourages investors to review the Company’s non‑GAAP financial
measures together with the most directly comparable GAAP financial measures, which are presented in the table below.
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GAAP to mNAV Reconciliation (USD)
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Total Shareholders' Equity - 30 June 2026
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$83,827,228
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GAAP Adjustments 1
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Digital Asset Loan Receivable (current and non-current)
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$(3,560,577)
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Digital Assets
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$(62,807,413)
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Digital Asset Receivable
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$(18,009,977)
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Deferred Income (current and non-current)
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$13,835,294
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Other Adjustments 2
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SUI including SUI Digital Asset Receivables
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$75,307,458
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SuiUSDe
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$10,035,434
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Movement in Cash Balances Since 30 June 2026
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$(263,151)
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NAV
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$98,364,296
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Notes:
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1 - SUI tokens, digital asset receivables and deferred income as at 30 June 2026 reversed
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2 - SUI tokens, SUI loans and SuiUSDe added back at prevailing market prices
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Forward Looking Statements
This press release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are neither historical facts nor assurances of future performance. You should not place undue reliance on any of these forward-looking statements.
Forward-looking statements can be identified by the use of forward-looking terminology including “may,” “believe,” “expect,” “intend,” “anticipate,” “plan,” “should,” “estimate,” “continue,” “potential,” “will,” or other similar words and include
the Company’s expectation of future performance contained herein. These statements include, but are not limited to, expectations regarding the Company’s future performance and growth, its ability to successfully execute its strategic plans, the
Company’s digital asset treasury, the implementation of the Company’s stablecoin strategy, and the nature and performance of digital assets held by the Company.
Forward-looking statements are subject to significant risks and uncertainties, many of which are beyond the Company’s control. Actual results may differ materially
from those expressed or implied in these statements due to various factors, including but not limited to: the inherent volatility and risks associated with investing in SUI, the risk that the Company's stock price may be highly correlated to the
price of the digital assets that it holds, challenges in executing a treasury diversification strategy, the capabilities and limitations of the SUI blockchain, the competitive environment of the Company’s business among others, the inherent
uncertainties associated with the Company’s business strategy, risks relating to minority investments in other sectors including financial technology and artificial intelligence, risk of nonperformance by borrowers, service providers and other
counterparties, and the risk factors and other factors noted in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, any Quarterly Reports on Form 10-Q and the other documents that the Company files with the Securities and
Exchange Commission. The risk factors and other factors noted therein could cause actual results to differ materially from those contained in any forward-looking statement. The Company disclaims any duty to update and does not intend to update any
forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release, except as may be required by law.
Media Contact
Gasthalter & Co.
SUIG@gasthalter.com
Investor Relations Contact
Elevate IR
(720) 330-2829
SUIG@elevate-ir.com
SUI GROUP HOLDINGS LIMITED
CONDENSED BALANCE SHEETS
(In thousands, except for share and per share data)
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June 30,2026
(unaudited)
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December 31, 2025
(audited)
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Assets
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Current Assets
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Cash and cash equivalents
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$
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3,141
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$
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21,936
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Equity investments
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825
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956
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Debt investments
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2,196
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3,414
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Interest and dividend receivable
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302
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758
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Digital asset loan receivable
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—
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1,305
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Prepaid expenses
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936
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1,806
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Income taxreceivable
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131
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131
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Total current assets
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7,531
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30,306
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Digital assets
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62,808
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147,415
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Digital asset loan receivable
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3,561
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2,306
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Digital asset receivable
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18,010
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29
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Debt investments
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—
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10,244
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Equity investments
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6,030
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—
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Other assets
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—
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65
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Total Assets
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$
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97,940
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$
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190,365
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Liabilities and Shareholders’ Equity
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Current Liabilities
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Accounts payable and other liabilities
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$
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266
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$
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857
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Deferred income
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11,859
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11,859
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Accrued payroll liabilities
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11
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1
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Total current liabilities
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12,136
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12,717
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Long-term Liabilities
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Deferred income
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1,976
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7,906
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Total long-term liabilities
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1,976
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7,906
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Total liabilities
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14,112
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20,623
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Commitments and Contingencies
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—
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—
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Shareholders’ Equity
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Common stock, par value $0.001 per share (2,000,000,000 authorized; 76,802,872 issued and outstanding)
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77
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77
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||||||
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Additional paid-in capital
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435,741
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431,800
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Accumulated deficit
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(351,990
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)
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(262,135
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)
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||||
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Total shareholders’ equity
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83,828
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169,742
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||||||
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Total liabilities and shareholders’ equity
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$
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97,940
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$
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190,365
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See accompanying Notes to Financial Statements
SUI GROUP HOLDINGS LIMITED
CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)
(In thousands, except for share and per share data)
| Three Months Ended |
Six Months Ended | |||||||||||||||
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June 30,
2026
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June 30,
2025
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June 30,
2026
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June 30,
2025
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Revenues
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SUI staking revenue
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$
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327
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$
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—
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$
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850
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$
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—
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Digital lending interest income
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36
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—
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106
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—
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Investment income
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—
|
948
|
—
|
1,726
|
||||||||||||
|
Total Revenues
|
363
|
948
|
956
|
1,726
|
||||||||||||
|
Operating (Income) Expenses
|
||||||||||||||||
|
Professional fees
|
314
|
99
|
2,094
|
241
|
||||||||||||
|
Stock-based compensation
|
1,947
|
—
|
3,941
|
—
|
||||||||||||
|
Asset and strategic management fees
|
286
|
—
|
626
|
—
|
||||||||||||
|
Compensation expense
|
445
|
190
|
896
|
383
|
||||||||||||
|
Insurance
|
445
|
—
|
896
|
24
|
||||||||||||
|
Unrealized (gain) loss on digital assets and receivable, net
|
(2,251
|
)
|
—
|
16,354
|
—
|
|||||||||||
|
Realized loss on digital assets, net
|
18,910
|
—
|
53,765
|
—
|
||||||||||||
|
Impairment of digital asset receivable
|
—
|
—
|
1,367
|
—
|
||||||||||||
|
Provision for (recovery of) credit losses
|
(81
|
)
|
—
|
1,070
|
—
|
|||||||||||
|
Net realized and unrealized gain on investments
|
—
|
(314
|
)
|
—
|
(477
|
)
|
||||||||||
|
Other general and administrative
|
92
|
27
|
197
|
47
|
||||||||||||
|
Total Operating Expenses
|
20,107
|
2
|
81,206
|
218
|
||||||||||||
|
Operating Income (Loss)
|
$
|
(19,744
|
)
|
$
|
946
|
$
|
(80,250
|
)
|
$
|
1,508
|
||||||
|
Other Income (Loss)
|
||||||||||||||||
|
Investment income
|
151
|
—
|
825
|
—
|
||||||||||||
|
Net realized and unrealized gain (loss) on investments
|
556
|
—
|
(10,668
|
)
|
—
|
|||||||||||
|
Other income
|
130
|
—
|
238
|
—
|
||||||||||||
|
Total Other Income (Loss)
|
837
|
—
|
(9,605
|
)
|
—
|
|||||||||||
|
Income (Loss) Before Taxes
|
$
|
(18,907
|
)
|
$
|
946
|
$
|
(89,855
|
)
|
$
|
1,508
|
||||||
|
|
||||||||||||||||
|
Provision for Income Taxes
|
—
|
269
|
—
|
378
|
||||||||||||
|
Net Income (Loss)
|
$
|
(18,907
|
)
|
$
|
677
|
$
|
(89,855
|
)
|
$
|
1,130
|
||||||
|
|
||||||||||||||||
|
Earnings per Share
|
||||||||||||||||
|
Basic
|
$
|
(0.23
|
)
|
$
|
0.11
|
$
|
(1.11
|
)
|
$
|
0.18
|
||||||
|
Diluted
|
$
|
(0.23
|
)
|
$
|
0.11
|
$
|
(1.11
|
)
|
$
|
0.18
|
||||||
|
|
||||||||||||||||
|
Weighted-average number of common shares outstanding - basic
|
80,896,554
|
6,062,773
|
80,896,554
|
6,190,941
|
||||||||||||
|
Weighted-average number of common shares outstanding - diluted
|
80,896,554
|
6,062,773
|
80,896,554
|
6,190,941
|
||||||||||||
See accompanying Notes to Financial Statements