BTC Digital Third Quarter 2024 Earnings: US$0.21 loss per share (vs US$0.49 loss in 3Q 2023)

BTC Digital (NASDAQ:BTCT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.56m (up 186% from 3Q 2023).
• Net loss: US$571.0k (loss narrowed by 33% from 3Q 2023).
• US$0.21 loss per share (improved from US$0.49 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BTC Digital Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 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 up 953% from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with BTC Digital (including 2 which are a bit concerning).

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