ARBK Earnings Prediction
The chart below shows how ARBK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ARBK sees a +9.49% change in stock price 10 days leading up to the earnings, and a -7.00% change 10 days following the report. On the earnings day itself, the stock moves by +2.95%. This data can give you a slight idea of what to expect for the next quarter's release.
ARBK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
5.74M
--
-41.72%
Gross Margin
-25.49%
--
1008.26%
Operating Margin
-48.15%
--
29.26%
Net Margin
-84.18%
--
-64.67%
EPS
-0.01
--
-75.00%
No Data Available
ARBK Earnings Analysis
Argo Blockchain plc American Depositary Shares Corporation (ARBK.O) Earnings Conference Call
Positive
Bitcoin Mining Revenue: In Q3 2024, we mined 123 Bitcoin or approximately 1.3 Bitcoin per day and generated $7.5 million in revenue.
Revenue Growth Comparison: For the nine months ended September 30, we generated $36.7 million in revenue, reflecting growth compared to the $34.4 million achieved in the same period last year.
Cash and Bitcoin Holdings: We ended the quarter with $2.5 million in cash and four Bitcoin equivalents held.
Debt Reduction Achieved: During the quarter, we reduced our debt by $12.4 million including the full repayment of the Galaxy loan, further deleveraging our balance sheet.
HPC Expansion Potential: We are excited about the potential HPC expansion at Baie-Comeau, which will help diversify our revenue streams, providing a balanced and resilient foundation alongside our Bitcoin mining operations.
Negative
Quarterly Revenue Decline: Revenue for Q3 was $7.5 million, a decrease compared to $12.4 million in Q2 2024 and $10.4 million in Q3 2023.
Mining Margin Decline: Our mining margin for the quarter was 8% compared to 58% in the same period last year, reflecting the impact of lower Bitcoin prices and higher energy costs.
Net Loss Report: We reported a net loss of $6.3 million for the quarter and $39.2 million for the nine months ended September 30, 2024.
EBITDA Decline Analysis: Adjusted EBITDA was negative $2.1 million for Q3 compared to positive $3.9 million for the prior year periods.
Mining Profit Decline: Our overall mining profit decreased to $0.6 million from $5.1 million in Q2.
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ARBK Earning Call Sentiment
Argo Blockchain plc (ARBK) Q3 2024 Earnings Call Transcript
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ARBK.O
-4.96%Positive
The earnings call reveals a mixed financial performance with a significant drop in mining margins and a net loss, despite debt reduction efforts. The strategic shift to HPC presents growth potential, but current challenges such as supply chain issues and macroeconomic pressures overshadow this. The Q&A section lacks clarity on management's responses, adding to uncertainty. The absence of dividends and a negative adjusted EBITDA further dampen sentiment. Thus, the stock price is likely to experience a negative movement in the short term.