MicroStrategy Second Quarter 2024 Earnings: Misses Expectations

MicroStrategy (NASDAQ:MSTR) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$111.4m (down 7.4% from 2Q 2023).
• Net loss: US$102.6m (down from US$22.2m profit in 2Q 2023).
• US$5.74 loss per share (down from US$1.68 profit in 2Q 2023).

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

MicroStrategy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 4.2% 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 down 15% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for MicroStrategy you should know about.

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