MicroStrategy Posts Loss on Impairment Charge, Revenue Declines [BNN Bloomberg (Canada)]
MicroStrategy Incorporated - Class A (MSTR)
Last microstrategy incorporated - class a earnings: 4/28 04:01 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.microstrategy.com
Company Research
Source: BNN Bloomberg
The enterprise-software maker run by Bitcoin advocate Michael Saylor, said in a statement Monday that it had a net loss of $53 million, or $3.09 a share. Revenue fell 5.5% to $115.2 million, missing the average estimate of analysts surveyed by Bloomberg. Under current accounting rules, MicroStrategy can't recognize any increases in its Bitcoin holding, such as the almost 67% jump in the recent quarter. That's changing under a recently passed accounting rule that requires valuing the digital asset at market prices. Companies have until 2025 to implement the revision. MicroStrategy didn't adopt the revision for the first quarter, instead it recorded a $191.6 million digital-asset impairment loss. The Tysons Corner, Virginia-based company had net income of $461.2 million, or $38.97 a share a year earlier, after registering a tax benefit. In 2020, MicroStategy became the first public company to buy Bitcoin as a capital allocation strategy, with Saylor citing the need to hedge again
Show less
Read more
Impact Snapshot
Event Time:
MSTR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MSTR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MSTR alerts
High impacting MicroStrategy Incorporated - Class A news events
Weekly update
A roundup of the hottest topics
MSTR
News
- Your Portfolio Is A Garden. Weed It. [Forbes]Forbes
- Bitcoin and Crypto Stocks Popped Again This Week [Yahoo! Finance]Yahoo! Finance
- Michael Saylor and Chris Giancarlo Keynote Ric Edelman's 6th Annual Crypto Conference [Yahoo! Finance]Yahoo! Finance
- Vertosoft Named as Federal Partner of the Year at MicroStrategy World 2024 [Yahoo! Finance]Yahoo! Finance
- MSTY: A Buy For High-Yield Income And Crypto Diversification [Seeking Alpha]Seeking Alpha
MSTR
Earnings
- 11/1/23 - Miss
MSTR
Sec Filings
- 5/1/24 - Form 10-Q
- 4/29/24 - Form 8-K
- 4/26/24 - Form 4
- MSTR's page on the SEC website