BTCS Reports 2024 Q3 Results
BTCS Inc. (BTCS)
NASDAQ:AMEX Investor Relations:
bitcoinshop.us
Company Research
Source: GlobeNewswire
134% quarterly year-over-year revenue growth Silver Spring, MD, Nov. 14, 2024 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company, announced its results for the third quarter ended September 30, 2024 (“Q3 2024”). Third Quarter 2024 Financial Highlights Quarterly Revenue: Revenue for Q3 2024 was $0.7 million, reflecting a strong 32% increase from Q2 2024 and a significant 134% rise from Q3 2023.Year-to-Date Revenue: For the nine months ended September 30, 2024, revenue exceeded $1.7 million, a robust 73% increase compared to the same period in 2023.Gross Margin: Gross margins for the nine months ended September 30, 2024, stood at 50%, down from 72% in the comparable 2023 period, primarily due to increased operational expenses related to our Builder+ operations that have driven revenue growth.Quarterly Net Loss: Net loss for Q3 2024 was $9.0 million, or $0.56 per share, compared to a net loss of $3.3 mill
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Sec Filings
- 11/19/24 - Form 144
- 11/14/24 - Form 424B5
- 11/13/24 - Form 10-Q
- BTCS's page on the SEC website