BTCS Reports Q2 2024 Results
BTCS Inc. (BTCS)
NASDAQ:AMEX Investor Relations:
bitcoinshop.us
Company Research
Source: GlobeNewswire
Silver Spring, MD, Aug. 20, 2024 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company, announced its results for the second quarter ended June 30, 2024 (“Q2 2024”). Second Quarter 2024 Financial Highlights Revenue (3 Months): Q2 2024 revenue reached $0.6 million, representing a 24% increase from Q1 2024 and a 45% increase from Q2 2023.Revenue (6 Months): Revenue for the first half of 2024 surpassed $1.0 million, representing a 45% increase from the first half of 2023.Gross Margin: Gross margin declined to 70% for Q2 2024, with 67% gross margin for the first half of 2024 compared to 72% gross margin for the first half of 2023.Net Loss (3 Months): Net loss for Q2 2024 was $6.7 million ($0.43 per share), compared to a net income of $12.3 million ($0.78 per share) in Q1 2024 and a net loss of $1.2 million ($0.08 per share) in Q2 2023.Net Income (6 Months): Net income for the six months ended June 30, 2024, was $5.5 million
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News
- BTCS Inc. (NASDAQ: BTCS) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $3.00 price target on the stock.MarketBeat
- BTCS Inc. Launches ChainQ: An AI-Powered Blockchain Analytics Platform [Yahoo! Finance]Yahoo! Finance
- BTCS Inc. Launches ChainQ: An AI-Powered Blockchain Analytics PlatformGlobeNewswire
BTCS
Analyst Actions
- 8/22/24 - HC Wainwright
BTCS
Sec Filings
- 9/25/24 - Form S-3/A
- 9/18/24 - Form 8-K
- 9/16/24 - Form 4
- BTCS's page on the SEC website