GRYP Earnings Prediction
The chart below shows how GRYP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GRYP sees a +12.68% change in stock price 10 days leading up to the earnings, and a -12.00% change 10 days following the report. On the earnings day itself, the stock moves by -0.66%. This data can give you a slight idea of what to expect for the next quarter's release.
GRYP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.69M
77.14%
-33.11%
Gross Margin
-76.42%
-270.92%
166.74%
Operating Margin
-145.16%
98.71%
44.29%
Net Margin
-161.24%
29.41%
121.82%
EPS
-0.15
-97.63%
50.00%
No Data Available
GRYP Earnings Analysis
Gryphon Digital Mining, Inc Common Stock Corporation (GRYP.O) Earnings Conference Call
Positive
Bitcoin Mining Revenue Decline: Gryphon mined approximately 61 Bitcoin and generated mining revenues of $3.7 million in Q3 2024 compared to 176 Bitcoin and $5.2 million in the same period in the prior year.
Break-even Cost Comparison: Break-even costs per Bitcoin in Q3 2024 were $59,213 compared to $21,501 in Q3 2023, reflecting significant operational efficiency improvements.
EBITDA Improvement Analysis: The adjusted EBITDA stood at approximately negative $2.5 million for the three months ended September 30, 2024, compared to negative $4.7 million for the same period in the prior year, indicating improved operational performance.
Debt Restructuring Success: The company has completed a transformative debt restructuring with Anchorage Digital that has significantly strengthened its financial position, converting $13 million of debt to equity at a substantial premium to the stock price.
Liquidity Position Overview: As of September 30, 2024, the balance sheet reported approximately $0.4 million in cash and cash equivalents, $0.6 million in Bitcoin, and approximately $19.3 million due for the noted denominated in Bitcoin, showcasing a solid liquidity position.
Negative
Bitcoin Mining Revenue Decline: Gryphon mined approximately 61 Bitcoin and generated mining revenues of $3.7 million in Q3 2024 compared to 176 Bitcoin and $5.2 million in the same period in the prior year.
Break-even Cost Comparison: Break-even costs per Bitcoin in Q3 2024 were $59,213 compared to $21,501 in Q3 2023.
Adjusted EBITDA Improvement: Our adjusted EBITDA stood at approximately negative $2.5 million for the 3 months ended September 30, 2024, compared to negative $4.7 million for the 3 months ended September 30, 2023.
Net Loss Analysis: The company recognized a net loss of $5.9 million in Q3 2024 which includes net non-cash expenses of $3.2 million.
Net Loss Comparison: This compares to a net loss in Q3 2023 of $8.1 million which included net non-cash expenses of $3.2 million.
GRYP FAQs
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GRYP Earning Call Sentiment
Gryphon Digital Mining, Inc. (GRYP) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
GRYP.O
-2.27%Positive
The earnings call highlights several challenges for Gryphon, including increased breakeven costs, a net loss, and low cash reserves, which outweigh positive aspects like debt restructuring and cost improvements. The Q&A section reveals uncertainties around AI market entry and operational transitions, further contributing to a negative sentiment. Despite a slight improvement in net loss and adjusted EBITDA, the financial strain and lack of clear guidance create a negative outlook for the stock price over the next two weeks.