FMP
CleanSpark Stock Surge 22% After Q1 Results
Feb 9, 2024 1:04 PM - Davit Kirakosyan
Image credit: FMP
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.
Other Blogs
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
Budget-Friendly Trading Laptops: Maximizing Value without Compromising Performance
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Understanding Profitability Metrics: Exploring ROE, ROA, and Net Profit Margin
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
The easiest way to calculate stock’s target price and why the target price is important.
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
