Bitcoin Depot Reports Preliminary Q2 Revenue; Sets Q2 2023 Earnings Date And Provides 2023 Guidance; Sees Q2 Revenue $196M-$198M Vs $168M YoY.; FY23 Revenue $700M-$730M Vs $647M YoY
Portfolio Pulse from Happy Mohamed
Bitcoin Depot, a US-based Bitcoin ATM operator, has reported preliminary Q2 2023 revenue of $196M-$198M, a 17%-18% increase from Q2 2022. The company also provided 2023 guidance, expecting consolidated revenue of $700M-$730M, an 8%-13% improvement from 2022. Adjusted EBITDA for 2023 is expected to range between $56M and $59M, a 37%-44% increase YoY. The company will release its financial results for Q2 2023 on August 14, 2023.
July 21, 2023 | 12:22 pm
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Bitcoin Depot's preliminary Q2 2023 revenue and 2023 guidance indicate strong growth, which could positively impact BTM's stock price in the short term.
Bitcoin Depot's strong preliminary Q2 2023 revenue and 2023 guidance indicate a positive financial performance, which could increase investor confidence and drive up BTM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100