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Home»Finance»Revenue Miss, Bitcoin Strategy Update And More
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Revenue Miss, Bitcoin Strategy Update And More

February 7, 2024No Comments2 Mins Read
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Revenue Miss, Bitcoin Strategy Update And More
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MicroStrategy Inc (NASDAQ:MSTR) reported fourth-quarter monetary outcomes after the market closed on Tuesday. Right here’s a rundown of the report.

This fall Earnings: MicroStrategy mentioned fourth-quarter income decreased 6.1% year-over-year to $124.5 million, which missed the consensus estimate of $132.9 million, based on Benzinga Professional.

The corporate reported quarterly adjusted earnings of $5.62 per share, which can not evaluate to analyst estimates of 55 cents.

Product licenses and subscription providers revenues have been down 11.4% within the fourth quarter. Product assist revenues fell 2.1%, and different providers income declined 7.5%.

MicroStrategy reported roughly $1.2 billion in web proceeds from at-the-market choices through the fourth quarter. The corporate ended the quarter with $46.8 million in money and equivalents.

“2023 was a rare 12 months for MicroStrategy as we strategically raised capital to considerably enhance our bitcoin holdings, and continued to innovate, together with by creating and launching MicroStrategy AI, our first to market AI-based BI instrument,” mentioned Phong Le, president and CEO of MicroStrategy.

View extra earnings on MSTR

Bitcoin Holdings: MicroStrategy mentioned it has acquired 31,755 Bitcoin (CRYPTO: BTC) because the finish of the third quarter at a mean worth of $39,411 per coin.

As of Feb. 5, the corporate held a complete of 189,150 Bitcoin at a mean value per coin of $31,224.

Examine This Out: Grayscale CEO Pushes For Spot Bitcoin ETF Choices Approval: ‘We’ll See Extra Crypto ETFs In Subsequent 3-5 Years’

Administration will maintain a convention name to debate these outcomes at 5 p.m. ET.

MSTR Worth Motion: MicroStrategy shares have been down 0.62% after hours at $494.90 on the time of publication, based on Benzinga Professional.

Picture: Shutterstock.

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This text MicroStrategy This fall Earnings: Income Miss, Bitcoin Technique Replace And Extra initially appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.

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