BTM Earnings Prediction
The chart below shows how BTM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BTM sees a +10.08% change in stock price 10 days leading up to the earnings, and a +6.73% change 10 days following the report. On the earnings day itself, the stock moves by -7.03%. This data can give you a slight idea of what to expect for the next quarter's release.
BTM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
135.27M
-24.63%
-17.05%
Gross Margin
16.75%
18.04%
7.51%
Operating Margin
5.89%
14.59%
-0.34%
Net Margin
1.70%
188.14%
-36.33%
EPS
-0.05
-88.37%
-61.54%
No Data Available
BTM Earnings Analysis
Bitcoin Depot Inc. Class A Common Stock Corporation (BTM.O) Earnings Conference Call
Positive
Kiosk Network Growth: 1. Kiosk Network Expansion: Bitcoin Depot ended Q3 2024 with approximately 8,300 active machines, surpassing their goals and enhancing Bitcoin's accessibility.
Profit Share Program Expansion: 2. Profit Share Program Growth: The company expanded its profit share program by adding 433 Bitcoin ATMs since the start of Q3, bringing the total to over 1,000 ATMs in the program.
Cash Flow Performance: 3. Cash Flow Generation: Bitcoin Depot generated $17.25 million of operating cash flow in the first nine months of 2024, demonstrating strong cash management.
Adjusted Gross Margin Improvement: 4. Increased Adjusted Gross Margin: The adjusted gross margin improved by 160 basis points to 16.6% in Q3 2024, driven by optimized pricing strategies.
Cash Dividend Potential: 5. Potential for Cash Dividend: Bitcoin Depot is exploring the initiation of a cash dividend in 2025, positioning itself as a potential first in the cryptocurrency services industry to offer dividends.
Negative
Revenue Decline Analysis: Third quarter revenue declined 25% year-over-year to $135.3 million compared to $179.5 million in last year's third quarter, largely due to unfavorable legislation in California and regulatory changes in other states.
Adjusted EBITDA Decline: Adjusted EBITDA decreased to $9.2 million for the third quarter of 2024 compared to $13.9 million for the third quarter of 2023, reflecting lower revenue during the quarter.
Decline in Operating Cash Flows: Operating cash flows in the third quarter of 2024 were $5.8 million, down from $7 million generated in the same period in 2023, indicating a decline in cash generation capacity.
Gross Profit Decline: Adjusted gross profit for the third quarter of 2024 decreased 17% to $22.4 million compared to $26.9 million for the third quarter of 2023, highlighting profitability challenges amid declining revenues.
Debt Burden Analysis: The company ended the quarter with $53.5 million in debt, which includes finance leases, indicating a significant financial burden as they navigate operational challenges.
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BTM Earning Call Sentiment
Bitcoin Depot Inc. (BTM) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BTM.O
3.79%Positive
The earnings call summary indicates a negative outlook due to a 25% revenue decline, decreased EBITDA, and regulatory challenges. Despite an increase in net income and adjusted gross margin, the lack of formal guidance and unclear responses in the Q&A further contribute to uncertainty. The potential for a cash dividend in 2025 is positive but overshadowed by current financial struggles. Overall, the negative regulatory impact and financial performance suggest a negative stock price movement in the short term.
