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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.6M | 9.9% |
| Gross Profit | -260,000 | 22% |
| Cost of Revenue | 2.8M | 10.9% |
| Operating expense | 280,000 | 32.1% |
| Net Income | -570,000 | 18.9% |
| EBITDA | 350,000 | 56.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 25M | 1.6% |
| Total Liabilities | 4.6M | 8.6% |
| Total Equity | 20M | 4.3% |
| Shares Outstanding | 3.3M | 26.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -280,000 | 108.1% |
| Cash from investing | -10,000 | 99.7% |
| Cash from financing | 34,000 | 83.2% |
EPS
Financial Highlights for BTC Digital in Q3 '24
BTC Digital reported a revenue of 2.6M, which is a 9.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -260,000, marking a -22% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.8M, a 10.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 280,000, showing a -32.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -570,000, showing a 18.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 350,000, showing a 56.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
BTC Digital faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
