bitcoin-usd/”>BITCOIN DEPOT’S BIG SECRET: YOU GUYS, IT’S GOING TO BE OKAY 🤩
Oh honey, you know what they say: when life gives you lemons, make lemonade. And when life gives you a 17% decline in revenue, relocate those underperforming kiosks to more profitable locations and call it a day 🍋💸
Bitcoin Depot (NASDAQ: BTM), a.k.a. the Bitcoin Depot kiosk people, announced their fourth-quarter and full-year 2024 results on March 18. And let me tell you, it’s not all doom and gloom. Total revenue of $573.7 million for the full year was down 17% year-over-year, but adjusted EBITDA for the year also fell by 31% to $38.7 million. Because, you know, relocating kiosks is hard work 💪
But don’t worry, folks, the decline reflects the company’s strategic decision to relocate those underperforming kiosks to more profitable locations, a move that temporarily weighed on results but sets the company up for stronger performance in 2025, according to Mike Colonnese, a crypto equity analyst at H.C. Wainwright & Co. So, it’s all good 🙏
Q1 guidance paints a bullish picture
The company guided for first quarter revenue to be up 9% to 11% year-over-year at $154 million while EBITDA is guided at a range of $12 million to $14 million, implying a growth of over 200% compared to the first quarter of 2024 and significantly ahead of the consensus estimate of $7.4 million. Because, you know, guidance is like a warm hug for investors 🤗
Q1 guidance exceeded expectations and reflects improved visibility into operating performance. The company’s ability to provide guidance for the first time in over a year is a positive signal of operational stability. The analyst wrote:
“This is the first time in a year that management has issued formal financial guidance, which in and of itself is bullish, as we see it.”
Positive outlook for 2025
For 2025, Colonnese projects 5% revenue growth as BTM benefits from increased kiosk deployments and improved profitability from its strategic repositioning efforts. The analyst also estimates adjusted EBITDA will grow by 24% year-over-year, driven by operating leverage and tighter expense control. Because, you know, growth is like a never-ending cycle of happiness 🌈
Management also reiterated the possibility of initiating a dividend this year, supported by the company’s strong cash flow generation. Colonnese emphasized that this could be a meaningful catalyst for investor confidence. Because, you know, who doesn’t love a good dividend? 🤑
“We were not surprised to see the stock react positively on the print given a bullish 1Q25 outlook along with the recent underperformance in shares,” Colonnese noted
The research firm is maintaining a Buy rating on the stock with a $4 price target despite shares being down nearly 15% since the start of the year. Because, you know, a Buy rating is like a participation trophy 🏆
Read More
- Cookie Run Kingdom Town Square Vault password
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- MSNBC’s Rebecca Kutler Takes Over as President
- I Just Found Out How Many Days Of Work Vanna White Actually Puts In For Her $10 Million Salary, And Da-a-ang
- BONE PREDICTION. BONE cryptocurrency
- Shakira Hospitalized, Cancels Peru Show Due to “Abdominal Issue”
- Wizardry Variants Daphne tier list and a reroll guide
- Maiden Academy tier list
- Raveena Tandon’s daughter Rasha Thadani praises mom for ‘shielding’ her, says kids nowadays grow up under scrutiny: ‘If I was exposed…’
- Crypto: A Game of Chance or a Game of Skill?
2025-03-18 22:51