Filing Flows › Bitmine Immersion Technologies (BMNR) › Q4 FY24
Bitmine Immersion Technologies (BMNR) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 9, 2024
Bitmine Immersion Technologies (BMNR) reported revenue of $682K for the fourth quarter fiscal 2024 (Q4 FY24), +178% from a year earlier and -44% from the quarter before. Operating margin was -96.9%, net loss $814K (119.3% of revenue).
Bitmine Immersion Technologies, Q4 FY24: revenue $682K (+178% year over year), operating margin -96.9%, net loss $814K, operating cash flow $217K. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $682K | -44% | +178% |
| Operating profit | −$661K | — | — |
| Net earnings | −$814K | — | — |
| Operating cash flow | $217K | — | — |
| Free cash flow | $217K | — | — |
What changed
Revenue was $682K in Q4 FY24, up 178% year over year and down 44% from the previous quarter.
Gross margin was 16.4%, down 28.0 points from a year earlier. Operating costs exceeded revenue by $661K, an operating margin of -96.9%. Operating expenses fell 37% while revenue rose 178%. The quarter ended with a net loss of $814K, wider than the previous quarter's $654K loss.
Operating cash flow was $217K. Non-cash charges added back $239K of depreciation and $289K of share-based compensation. Working capital and other items added $503K. Capital expenditures of $0K left free cash flow of $217K.
Questions
What was Bitmine Immersion Technologies' revenue in the fourth quarter fiscal 2024?
Bitmine Immersion Technologies (BMNR) reported revenue of $682K for the fourth quarter fiscal 2024 (Q4 FY24), +178% from a year earlier and -44% from the quarter before.
Was Bitmine Immersion Technologies profitable in the fourth quarter fiscal 2024?
Operating loss was $661K (-96.9% of revenue) and net loss $814K.