earnings
confidence high
sentiment negative
materiality 0.80
CEA Industries Q3 net loss $106.6M; CEO Namdar to depart by Aug 31, 2026
CEA Industries Inc.
2026-Q3 EPS reported
$8.23
revenue$19,055,752
- Fiscal Q3 net loss of $106.6M, EPS $(2.00); BNB price declined 28% causing unrealized loss of ~$159.8M.
- CEO David Namdar to depart by Aug 31, 2026 under Transition Agreement; receives $375K make-up fee, $50K/month, and lump sum based on 132,000 shares.
- Company appointed Brent Miller as CFO after quarter end; appointed independent directors Annemarie Tierney and Glenn Tyranski.
- Board reconstituted all four standing committees with fully independent directors; AMA renegotiation with 10X Capital underway.
- Company repurchased 2.18M shares during nine months; launched investor dashboard for real-time digital asset holdings.