In This Article:
Cipher Mining (NASDAQ:CIFR) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$24.1m (down 21% from 3Q 2023).
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Net loss: US$86.8m (loss widened by 390% from 3Q 2023).
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US$0.26 loss per share (further deteriorated from US$0.07 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cipher Mining Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 57% p.a. on average during the next 3 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 down 9.7% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for Cipher Mining that we have uncovered.
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