Bitfarms Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]
Bitfarms Ltd. (BITF)
Company Research
Source: Yahoo! Finance
Net loss: US$104.0m (loss narrowed by 56% from FY 2022). US$0.40 loss per share (improved from US$1.15 loss in FY 2022). All figures shown in the chart above are for the trailing 12 month (TTM) period Bitfarms Revenues Beat Expectations, EPS Falls Short Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 93%. Looking ahead, revenue is forecast to grow 53% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in Canada. Performance of the Canadian Software industry. The company's shares are down 15% from a week ago. Risk Analysis Before you take the next step you should know about the 3 warning signs for Bitfarms (2 are concerning!) that we have uncovered. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commen
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BITF
News
- Bitfarms Schedules First Quarter 2024 Conference Call on May 13, 2024 [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Bitfarms Schedules First Quarter 2024 Conference Call on May 13, 2024GlobeNewswire
- Bitfarms Ltd. (NASDAQ: BITF) is now covered by analysts at Northland Securities. They set an "outperform" rating and a $4.00 price target on the stock.MarketBeat
- How a Jack Dorsey-backed bitcoin miner uses a volcano in Kenya to turn on the lights in rural homes [CNBC]CNBC
- CANADA STOCKS-TSX climbs as investors shake off Middle East jitters [Yahoo! Finance]Yahoo! Finance
BITF
Sec Filings
- 4/26/24 - Form 6-K
- 4/22/24 - Form S-8
- 4/17/24 - Form 6-K
- BITF's page on the SEC website