Recap: Bit Digital Q3 Earnings

Bit Digital BTBT reported its Q3 earnings results on Tuesday, November 14, 2023 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

Bit Digital beat estimated earnings by 50.0%, reporting an EPS of $-0.03 versus an estimate of $-0.06.

Revenue was up $2.47 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.11 which was followed by a 4.92% drop in the share price the next day.

Here's a look at Bit Digital's past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate -0.09 -0.13 -0.11 -0.06
EPS Actual 0.02 0.01 -0.02 -0.05
Revenue Estimate 9.58M 7.75M 7.90M 16.00M
Revenue Actual 9.04M 8.27M 7.78M 9.13M

** 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.

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Posted In: EarningsBZI-Recaps
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