Abits Group Past Earnings Performance
Past criteria checks 0/6
Abits Group's earnings have been declining at an average annual rate of -53.4%, while the Software industry saw earnings growing at 19.1% annually. Revenues have been growing at an average rate of 47.5% per year.
Key information
-53.4%
Earnings growth rate
-49.8%
EPS growth rate
| Software Industry Growth | 17.3% |
| Revenue growth rate | 47.5% |
| Return on equity | -80.6% |
| Net Margin | -170.2% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
We're Keeping An Eye On Abits Group's (NASDAQ:ABTS) Cash Burn Rate
Mar 07
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Aug 15This Is Why We Think Moxian, Inc.'s (NASDAQ:MOXC) CEO Might Get A Pay Rise Approved By Shareholders
Jun 18Revenue & Expenses Breakdown
How Abits Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 5 | -9 | 2 | 0 |
| 31 Mar 24 | 4 | -11 | 2 | 0 |
| 31 Dec 23 | 2 | -13 | 1 | 0 |
| 30 Sep 23 | 1 | -18 | 2 | 0 |
| 30 Jun 23 | 0 | -24 | 2 | 0 |
| 31 Mar 23 | 0 | -23 | 2 | 0 |
| 31 Dec 22 | 0 | -22 | 2 | 0 |
| 30 Sep 22 | 0 | -12 | 1 | 0 |
| 30 Jun 22 | 0 | -2 | 0 | 0 |
| 31 Mar 22 | 0 | -2 | 1 | 0 |
| 31 Dec 21 | 0 | -3 | 1 | 0 |
| 30 Jun 21 | 1 | -2 | 1 | 0 |
| 31 Mar 21 | 1 | -2 | 3 | 0 |
| 31 Dec 20 | 0 | -2 | 2 | 0 |
| 30 Sep 20 | 1 | 0 | 1 | 0 |
| 30 Jun 20 | 1 | 0 | 1 | 0 |
| 31 Mar 20 | 1 | 0 | 1 | 0 |
| 31 Dec 19 | 1 | 1 | 1 | 0 |
| 30 Sep 19 | 0 | 0 | 1 | 0 |
| 30 Jun 19 | 0 | -3 | 2 | 1 |
| 31 Mar 19 | 0 | -5 | 3 | 2 |
| 31 Dec 18 | 0 | -7 | 5 | 2 |
| 30 Sep 18 | 0 | -9 | 6 | 2 |
| 30 Jun 18 | 0 | -8 | 6 | 1 |
| 31 Mar 18 | 0 | -8 | 7 | 1 |
| 31 Dec 17 | 0 | -13 | 7 | 2 |
| 30 Sep 17 | 0 | -14 | 7 | 2 |
| 30 Jun 17 | 0 | -15 | 6 | 2 |
| 31 Mar 17 | 0 | -17 | 7 | 2 |
| 31 Dec 16 | 0 | -14 | 6 | 2 |
| 30 Sep 16 | 0 | -14 | 6 | 3 |
| 30 Jun 16 | 0 | -11 | 6 | 3 |
| 31 Mar 16 | 0 | -10 | 5 | 3 |
| 31 Dec 15 | 0 | -8 | 4 | 2 |
| 30 Sep 15 | 0 | -6 | 4 | 2 |
| 30 Jun 15 | 0 | -8 | 4 | 1 |
| 31 Mar 15 | 0 | -7 | 3 | 1 |
| 31 Dec 14 | 0 | -6 | 3 | 0 |
| 30 Sep 14 | 0 | -5 | 2 | 0 |
| 30 Jun 14 | 0 | -1 | 1 | 0 |
| 31 Mar 14 | 0 | 0 | 0 | 0 |
| 31 Dec 13 | 0 | 0 | 0 | 0 |
Quality Earnings: ABTS is currently unprofitable.
Growing Profit Margin: ABTS is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ABTS is unprofitable, and losses have increased over the past 5 years at a rate of 53.4% per year.
Accelerating Growth: Unable to compare ABTS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ABTS is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (23.6%).
Return on Equity
High ROE: ABTS has a negative Return on Equity (-80.63%), as it is currently unprofitable.