BTDR Earnings Prediction
The chart below shows how BTDR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BTDR sees a +6.21% change in stock price 10 days leading up to the earnings, and a +3.46% change 10 days following the report. On the earnings day itself, the stock moves by -2.01%. This data can give you a slight idea of what to expect for the next quarter's release.
BTDR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
62.03M
-28.95%
-37.49%
Gross Margin
4.46%
-81.56%
-81.86%
Operating Margin
-63.12%
1130.41%
4136.24%
Net Margin
-80.76%
3820.39%
351.68%
EPS
-0.35
-1650.00%
150.00%
No Data Available
BTDR Earnings Analysis
Bitdeer Technologies Group Class A Ordinary Shares Corporation (BTDR.O) Earnings Conference Call
Positive
Q3 Revenue Performance: Total revenue for Q3 was $62 million, demonstrating a strong performance compared to previous quarters.
Self-Mining Revenue Increase: Self-mining revenue increased by 4.7% to $31.5 million, driven by higher average self-mining hash rates.
Gross Profit Achievement: The company achieved a gross profit of $2.8 million, indicating effective cost management despite challenges.
Mining Capacity Enhancement: The deployment of the SEAL MINER A2 is expected to deliver 18 exahash per second, enhancing the company's mining capacity significantly.
Strong Cash Position: The company ended the quarter with $291.3 million in cash and cash equivalents, ensuring a strong financial position for future investments.
Negative
Revenue Decline Analysis: Q3 consolidated revenue was $62 million versus $87.3 million.
Gross Profit Decline: Total gross profit for the quarter was $2.8 million versus $21.1 million, and gross margin was 4.5% versus 24.2%.
Cloud Hashrate Revenue Decline: Cloud hashrate revenue was $7.1 million versus $15.6 million, primarily due to long-term cloud hashrate contracts rolling off.
Hosting Revenue Decline: General hosting revenue was $9.6 million versus $22.2 million, mainly caused by converting 100 megawatts of hosting capacity to hydrocooling capacity.
Adjusted Profit Decline: Adjusted profit was negative $26.2 million versus positive $10.5 million.
BTDR FAQs
How does BTDR typically perform around its earnings report dates?
Is Bitdeer Technologies Group (BTDR) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
BTDR Earning Call Sentiment
Bitdeer Technologies Group (BTDR) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BTDR.O
3.19%Positive
The earnings call shows a significant decline in revenue, gross profit, and margins, alongside increased operating expenses and net loss. Despite some positive aspects like self-mining revenue and CapEx plans, the overall financial performance is weak. The Q&A reveals uncertainty in partnerships and market share, and management's avoidance of direct answers raises concerns. Considering the market cap of $1.36 billion, the stock is likely to see a negative reaction, with a predicted movement between -2% to -8% over the next two weeks.
