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Griid Infrastructure Past Earnings Performance
Past criteria checks 2/6
Griid Infrastructure's earnings have been declining at an average annual rate of -14.8%, while the Software industry saw earnings growing at 21.3% annually. Revenues have been declining at an average rate of 12.2% per year.
Key information
-14.8%
Earnings growth rate
-18.9%
EPS growth rate
| Software Industry Growth | 8.2% |
| Revenue growth rate | -12.2% |
| Return on equity | n/a |
| Net Margin | 103.2% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Griid Infrastructure 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 | 21 | 22 | 11 | 0 |
| 31 Mar 24 | 21 | -14 | 7 | 0 |
| 31 Dec 23 | 20 | -19 | 6 | 0 |
| 30 Sep 23 | 18 | -59 | 7 | 0 |
| 30 Jun 23 | 19 | -70 | 7 | 0 |
| 31 Mar 23 | 21 | -69 | 9 | 0 |
| 31 Dec 22 | 22 | -62 | 10 | 0 |
| 30 Sep 22 | 28 | -54 | 12 | 0 |
| 31 Dec 21 | 31 | -12 | 8 | 0 |
| 30 Sep 21 | 22 | -6 | 4 | 0 |
| 31 Dec 20 | 3 | -14 | 1 | 0 |
| 31 Dec 19 | 0 | -1 | 1 | 0 |
Quality Earnings: GRDI has a large one-off gain of $19.3M impacting its last 12 months of financial results to 30th June, 2024.
Growing Profit Margin: GRDI became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GRDI has become profitable over the past 5 years, growing earnings by -14.8% per year.
Accelerating Growth: GRDI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GRDI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (7.1%).
Return on Equity
High ROE: GRDI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.