BTCS Reports 2023 Results [Yahoo! Finance]
BTCS Inc. (BTCS)
NASDAQ:AMEX Investor Relations:
bitcoinshop.us
Company Research
Source: Yahoo! Finance
the “Company”), a blockchain technology-focused company, announced its results for the fiscal year ended December 31, 2023 (“2023”). 2023 Financial Highlights & 2024 Preliminary Insights Revenue: $1.3 million in 2023 revenue, down 20% from $1.7 million in 2022. The decrease was primarily driven by lower crypto prices in early 2022. Revenue for the fourth quarter of 2023 increased 20% year-over-year, benefiting from a surge in crypto market prices in December 2023. Gross Margin: 73% gross margins in 2023, down slightly from 75% in 2022. Net Income: $7.8 million or $0.55 per share in 2023, in stark contrast to a net loss of $15.9 million or -$1.25 per share in 2022. This significant improvement is attributed to financial reporting changes resulting from the adoption of new accounting standards as described herein. 2023 Cash & Crypto Value: $26.7 million as of December 31, 2023, marking a 82% year-over-year increase. Current Cash & Crypto Value: $36.5 million or approximately
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BTCS
News
- BTCS Inc. Welcomes Ashley DeSimone to Its Board of Directors [Yahoo! Finance]Yahoo! Finance
- BTCS Inc. Welcomes Ashley DeSimone to Its Board of DirectorsGlobeNewswire
- Bears are Losing Control Over BTCS Inc. (BTCS), Here's Why It's a 'Buy' Now [Yahoo! Finance]Yahoo! Finance
- BTCS Inc. (NASDAQ: BTCS) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $3.00 price target on the stock.MarketBeat
- BTCS Reports 2023 ResultsGlobeNewswire
BTCS
Analyst Actions
- 3/25/24 - HC Wainwright
BTCS
Sec Filings
- 4/19/24 - Form PRE
- 4/18/24 - Form 3
- 4/18/24 - Form 8-K
- BTCS's page on the SEC website