BitGo Holdings Inc (NYSE: BTGO) reported mixed results for Q2, with losses of 16 cents per share and sales of $4.329 billion. Analysts have lowered price targets on the stock.

The firm recorded a net loss of $19 million in Q2, compared with net income of $38.3 million in the same period last year.

BitGo generated $4.3 billion in Q2 revenue, up nearly 80% year over year, while digital asset losses and weaker trading margins weighed on earnings.