Classover Holdings extends surge after Solana tie-up
ReutersMay 2, 2025 10:45 AM
Shares of online learning platform Classover Holdings KIDZ.O rise 80% to $9.70 premarket
Stock surged 366% to a valuation of $124.8 million on Thursday after co said it entered an equity purchase deal with Solana Strategic Holding and it would use proceeds from the deal to develop a solana-centric digital asset strategy
KIDZ, which listed on Nasdaq earlier this year, said on April 17 that it expects 2025 revenue between $10 million-15 million which would be a year-on-year growth of 172%-308%
In 2024, co reported $843,000 in net loss on a revenue of $3.7 million
Stock is currently trading 63 times its 2024 revenue, much more than firms with higher revenue
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