Bitdeer Technologies Group Second Quarter 2024 Earnings: Misses Expectations

Bitdeer Technologies Group (NASDAQ:BTDR) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$99.2m (up 5.8% from 2Q 2023).
• Net loss: US$17.7m (loss narrowed by 56% from 2Q 2023).
• US$0.14 loss per share (improved from US$0.36 loss in 2Q 2023).

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

Bitdeer Technologies Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 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 5.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Bitdeer Technologies Group that you should be aware of.

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