Bit Digital BTBT reported its Q1 earnings results on Monday, June 12, 2023 at 04:29 PM.
Here’s what investors need to know about the announcement.
Earnings
Bit Digital beat estimated earnings by 107.69%, reporting an EPS of $0.01 versus an estimate of $-0.13.
Revenue was down $309 thousand from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.09 which was followed by a 3.66% increase in the share price the next day.
Here’s a look at Bit Digital’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.11 | -0.06 | 0.01 | -0.07 |
| EPS Actual | -0.02 | -0.05 | 0 | 0.04 |
| Revenue Estimate | 7.90M | 16.00M | 14.30M | 8.90M |
| Revenue Actual | 7.78M | 9.13M | 6.82M | 8.57M |
Listen to the earnings announcement yourself by clicking here.
To track all earnings releases for Bit Digital visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
