Exodus posts $18.6M Q2 net loss, swings from profit

Crypto wallet service provider Exodus posted a net loss of $18.6 million in the second quarter, compared with net income of $37.7 million a year earlier, The Block reported. Revenue rose 2% year over year to $26.2 million during the same period. The results included two months of contributions from payment infrastructure firms Monavate and Baanx, which Exodus acquired. EXOD shares fell about 6% in regular trading.