In This Article:
Bit Digital (NASDAQ:BTBT) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$29.0m (up 220% from 2Q 2023).
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Net loss: US$12.0m (loss widened by 393% from 2Q 2023).
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US$0.093 loss per share (further deteriorated from US$0.029 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bit Digital Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are up 20% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 4 warning signs for Bit Digital you should know about.
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