NasdaqCM:ABTCSoftware
American Bitcoin (ABTC) Stock Rises As Revenue Grows But Losses Deepen
American Bitcoin stock jumped about 5% to US$6.14 after earnings, even though the story in the numbers is still about pressure on profits rather than a clean turnaround. Traders rewarded the headline, but the quarter showed another large net loss alongside only modest revenue of roughly US$67 million.
The key angle for this report is the ongoing margin squeeze. Basic earnings per share remained deeply negative and trailing twelve month losses are still heavy. For you as an investor, this set...