Bitcoin Depot (NASDAQ:BTM) Third Quarter 2023 Results
Key Financial Results
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Revenue: US$179.5m (up 2.7% from 3Q 2022).
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Net loss: US$7.10m (down by 289% from US$3.75m profit in 3Q 2022).
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US$0.43 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bitcoin Depot Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Commercial Services industry in the US.
Performance of the American Commercial Services industry.
The company's shares are down 6.6% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Bitcoin Depot has 2 warning signs we think you should be aware of.
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