Core Insights - CleanCore Solutions, Inc. reported significant year-over-year losses while pivoting to Dogecoin as a treasury asset [1][5] - The company's stock price hit a record low of $0.373, reflecting a nearly 78% decline over the past month [2][4] Financial Performance - Revenue doubled year-over-year to $0.9 million from $0.4 million, with gross profit improving to $0.5 million (59% margin) from $0.2 million (51% margin) [5] - The company reported a net loss of $13.4 million compared to $0.9 million in the prior year, primarily due to one-time expenses related to the treasury strategy [5][6] - General and administrative expenses surged to $8.6 million from $0.9 million, driven by increased professional fees, stock-based compensation, new employee salaries, and insurance costs [6] Treasury Strategy - CleanCore closed a $175 million private placement with House of Doge to fund its Dogecoin treasury, amassing 733.1 million DOGE valued at approximately $117.5 million [3] - The CEO stated that the company aims to enhance Dogecoin's utility and position it as a trusted reserve asset in digital finance [4][7]
Dogecoin Treasury Firm CleanCore's Stock Hits New Low as DOGE Dives