Riot Blockchain
Market Cap
US$40.6m
Last Updated
2020/02/17 00:08 UTC
Data Sources
Company Financials
Executive Summary
Riot Blockchain, Inc., together with its subsidiaries, focuses on building, supporting, and operating Blockchain technologies.
Risk Analysis
Earnings have declined by -44.36% per year over past 5 years
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 2 more risks
Snowflake Analysis
Adequate balance sheet and overvalued.
Similar Companies
Share Price & News
How has Riot Blockchain's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RIOT's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
10.8%
RIOT
1.7%
US Software
1.5%
US Market
1 Year Return
-33.6%
RIOT
42.3%
US Software
20.1%
US Market
Return vs Industry: RIOT underperformed the US Software industry which returned 42.2% over the past year.
Return vs Market: RIOT underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| RIOT | Industry | Market | |
|---|---|---|---|
| 7 Day | 10.8% | 1.7% | 1.5% |
| 30 Day | 12.3% | 7.7% | 1.4% |
| 90 Day | 13.9% | 18.4% | 8.7% |
| 1 Year | -33.6%-33.6% | 43.9%42.3% | 22.7%20.1% |
| 3 Year | -43.9%-50.0% | 152.8%142.4% | 50.1%40.5% |
| 5 Year | -49.3%-54.7% | 224.7%201.5% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is Riot Blockchain's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Those Who Purchased Riot Blockchain (NASDAQ:RIOT) Shares Five Years Ago Have A 90% Loss To Show For It2 months ago | Simply Wall St
Do Institutions Own Riot Blockchain, Inc. (NASDAQ:RIOT) Shares?3 months ago | Simply Wall St
We Think Riot Blockchain (NASDAQ:RIOT) Needs To Drive Business Growth CarefullyValuation
Is Riot Blockchain undervalued compared to its fair value and its price relative to the market?
1.41x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate RIOT's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate RIOT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: RIOT is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: RIOT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RIOT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RIOT is good value based on its PB Ratio (1.4x) compared to the US Software industry average (6x).
Next Steps
Future Growth
How is Riot Blockchain forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
11.4%
Forecasted Software industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Riot Blockchain has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Riot Blockchain's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Software industry.
Past Performance
How has Riot Blockchain performed over the past 5 years?
-44.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RIOT is currently unprofitable.
Growing Profit Margin: RIOT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RIOT is unprofitable, and losses have increased over the past 5 years at a rate of -44.4% per year.
Accelerating Growth: Unable to compare RIOT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RIOT is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (17.1%).
Return on Equity
High ROE: RIOT has a negative Return on Equity (-104.82%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Riot Blockchain's financial position?
Financial Position Analysis
Short Term Liabilities: RIOT's short term assets ($20.3M) exceed its short term liabilities ($3.8M).
Long Term Liabilities: RIOT's short term assets ($20.3M) exceed its long term liabilities ($989.8K).
Debt to Equity History and Analysis
Debt Level: RIOT is debt free.
Reducing Debt: RIOT has no debt compared to 5 years ago when its debt to equity ratio was 9.4%.
Balance Sheet
Inventory Level: RIOT has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if RIOT's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: RIOT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RIOT has less than a year of cash runway if free cash flow continues to reduce at historical rates of -23.2% each year
Next Steps
Dividend
What is Riot Blockchain's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate RIOT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate RIOT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if RIOT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RIOT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RIOT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average board tenure
CEO
Jeff McGonegal (68yo)
1yrs
Tenure
US$400,654
Compensation
Mr. Jeffrey G. McGonegal, also known as Jeff, has been the Principal of McGonegal and Co. since 1997. He has been Chief Executive Officer at Riot Blockchain, Inc., since February 6, 2019 and its Interim Ch ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD400.65K) is about average for companies of similar size in the US market ($USD521.92K).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Member of Advisory Board | 2.3yrs | no data | no data | |
| Chairman & Lead Director | 1.4yrs | US$704.87k | no data | |
| Member of the Medical Advisory Board | 10.7yrs | no data | no data | |
| Member of the Medical Advisory Board | 10.7yrs | no data | no data | |
| Member of the Medical Advisory Board | 10.7yrs | no data | no data | |
| Member of The Medical Advisory Board | 10.7yrs | no data | no data | |
| Independent Director | 1.3yrs | US$10.69k | no data | |
| Member of Industry Leading Advisory Board | 0.6yrs | no data | no data | |
| Independent Director | 2.3yrs | US$154.79k | 0.091% $36.9k | |
| Member of Industry Leading Advisory Board | 0.6yrs | no data | no data |
2.3yrs
Average Tenure
52.5yo
Average Age
Experienced Board: RIOT's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 37.8%.
Top Shareholders
Company Information
Riot Blockchain, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Riot Blockchain, Inc.
- Ticker: RIOT
- Exchange: NasdaqCM
- Founded: 2000
- Industry: Application Software
- Sector: Software
- Market Cap: US$40.559m
- Shares outstanding: 24.73m
- Website: https://www.riotblockchain.com
Number of Employees
Location
- Riot Blockchain, Inc.
- 202 6th Street
- Suite 401
- Castle Rock
- Colorado
- 80104
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RIOT | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Jan 2003 |
| AP4N | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 2003 |
| 0KX0 | LSE (London Stock Exchange) | Yes | Common Stock | GB | EUR | Jan 2003 |
Biography
Riot Blockchain, Inc., together with its subsidiaries, focuses on building, supporting, and operating Blockchain technologies. It is involved in digital currency mining operation, which utilizes specialized computers that generate digital currency primarily bitcoin. The company also holds interests in various activities, including purchasing and selling digital currencies; provides accounting, audit, and verification services for blockchain based assets, such as digital currencies; and develops TessPay, a payments ecosystem for component and sub-component supply chain settlement solution, as well as other blockchain solutions for telecommunications companies. As of December 31, 2018, approximately 7,731 of the miners were installed and operating. The company was formerly known as Bioptix, Inc. and changed its name to Riot Blockchain, Inc. in October 2017. Riot Blockchain, Inc. was founded in 2000 and is based in Castle Rock, Colorado.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 00:08 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.