SharpLink Gaming’s shares plummeted Friday as the online gambling marketer disclosed disappointing earnings for the second financial quarter.

The Ethereum treasury’s shares are trading at $20.04, down nearly 15% in intraday trading.

SharpLink reported $103 million in net losses for the three-month period ending on June 30—a stark contrast to its nearly $12 million net income during the same quarter last year.

Revenue came in at $1.4 million for the second quarter, down 30% from the same time last year. The company clocked $0.3 million gross profit, marking a 50% decrease from the first half of last year.

The report marks SharpLink’s first earnings report since the firm announced its pivot to an…