tags. We'll write: BitGo's chief financial officer, Edward Reginelli, will resign effective Sept. 15, the company disclosed on Aug. 12. The news lands as BitGo reported a $19.0 million net loss for the second quarter, reversing a $38.3 million profit from the same period a year earlier.
Reginelli's resignation
Reginelli will step down from his post on Sept. 15, according to the company's disclosure. The announcement didn't include a reason for his departure, and BitGo hasn't said who will take over the finance role. He'll remain in the position until the effective date.
The $19 million loss
BitGo's second-quarter net loss came to $19.0 million, a sharp swing from the $38.3 million profit it recorded in the same quarter last year. Revenue increased during the quarter, though the company didn't provide specific figures. The loss marks a notable reversal for the company, which had been profitable a year earlier.
The company's financial results and the CFO's departure were both disclosed in August, though the company didn't say whether the two events were connected. Reginelli's resignation takes effect Sept. 15.
BitGo's chief financial officer, Edward Reginelli, will resign effective Sept. 15, the company disclosed on Aug. 12. The news lands as BitGo reported a $19.0 million net loss for the second quarter, reversing a $38.3 million profit from the same period a year earlier.
Reginelli's resignation
Reginelli will step down from his post on Sept. 15, according to the company's disclosure. The announcement didn't include a reason for his departure, and BitGo hasn't said who will take over the finance role. He'll remain in the position until the effective date.
The $19 million loss
BitGo's second-quarter net loss came to $19.0 million, a sharp swing from the $38.3 million profit it recorded in the same quarter last year. Revenue increased during the quarter, though the company didn't provide specific figures. The loss marks a notable reversal for the company, which had been profitable a year earlier.
The company's financial results and the CFO's departure were both disclosed in August, though the company didn't say whether the two events were connected. Reginelli's resignation takes effect Sept. 15.
