FMP
Feb 9, 2024 1:04 PM - Davit Kirakosyan
CleanSpark (NASDAQ:CLSK) experienced a more than 22% surge pre-market today, following the Bitcoin mining company's fiscal first-quarter earnings and revenue that exceeded Wall Street's forecasts.
The company achieved an earnings per share (EPS) of $0.14, which notably outperformed the anticipated loss of $0.22 per share by analysts. CleanSpark's revenue for the quarter was $73.8 million, surpassing the consensus expectation of $65.91 million.
Additionally, CleanSpark reported a significant boost in its liquidity, with its cash and cash equivalents climbing 66% quarter-over-quarter to $48.5 million. The company's adjusted EBITDA for the quarter was $69.1 million, far exceeding the forecast of $21 million.
For the quarter ending December 31, 2023, CleanSpark announced a net income of $25.9 million, or $0.14 per share. This marks a remarkable recovery from the previous year's same period, which saw a loss of $29.0 million, or $0.46 per share.
Oct 31, 2023 8:03 AM - Parth Sanghvi
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...