Why MicroStrategy Stock Plummeted by Nearly 18% on Tuesday [Yahoo! Finance]
MicroStrategy Incorporated - Class A (MSTR)
Last microstrategy incorporated - class a earnings: 4/28 04:01 pm
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Source: Yahoo! Finance
MicroStrategy is a niche tech company that has almost entirely transformed itself into basically an institutional Bitcoin (CRYPTO: BTC) holder. It published first-quarter results at a time when the cryptocurrency was going through several days of declines. That, compounded with generally weak fundamentals, drove MicroStrategy's share price down by almost 18% on Tuesday. Bitcoin blues? MicroStrategy proudly bills itself as the "largest corporate holder of Bitcoin," which is fantastic when the leading crypto is on the rise, but not so impressive when it's in the doldrums... like now. That's uncomfortable enough. But the numbers the company posted for the quarter were more uncomfortable. Revenue came in at just over $115 million, which was down from the first quarter 2023 result of nearly $122 million. It also didn't meet the average analyst estimate of $121.7 million. Non- GAAP (adjusted) net loss deepened considerably, landing in a vat of red ink to the tune of almost $186 mil
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- Ethereum surges 22% on speculation ETFs could be approved as soon as this week — and a new bitcoin record might not be far behind [Yahoo! Finance]Yahoo! Finance
- 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
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