AI Financial quarterly loss of $271 million, WLFI token value shrinks

AI Financial Corporation announced its quarterly financial report, with a net loss expanding to $271 million, compared to $240 million in the same period last year. Revenue was only $4.7 million, current liabilities were $391 million higher than current assets of $322 million, and working capital deficit was $5.5 million. The main reason for the loss is that the value of the 7.28 billion WLFI tokens held decreased from $1 billion to $706 million, resulting in unrealized losses of $348 million and holding costs of $1.46 billion. Approximately 3.53 billion WLFIs are non transferable for the next 12 months. In January, the company borrowed $15 million from WLFI. Affected by the financial report, AI Financial's stock price closed down 9.61% at $0.91.