Athena Bitcoin Reports Third Quarter 2024 Financial Results
Athena Bitcoin Global (ABIT) reported its Q3 2024 financial results. Revenue grew 5.7% to $69.4 million compared to Q3 2023. However, gross profit declined 23.9% to $8.1 million, and operating expenses increased to $4.0 million from $1.5 million. Net income decreased to $2.6 million from $5.9 million year-over-year.
For the nine months ended September 30, 2024, the company showed stronger performance with revenue up 84.4% to $221.7 million, gross profit increased 82.0% to $31.6 million, and net income rose to $12.5 million from $8.2 million compared to the same period in 2023.
Athena Bitcoin Global (ABIT) ha riportato i risultati finanziari per il terzo trimestre del 2024. I ricavi sono aumentati del 5,7% raggiungendo 69,4 milioni di dollari rispetto al terzo trimestre del 2023. Tuttavia, il profitto lordo è diminuito del 23,9% a 8,1 milioni di dollari, mentre le spese operative sono aumentate a 4,0 milioni di dollari rispetto a 1,5 milioni. Il reddito netto è sceso a 2,6 milioni di dollari rispetto ai 5,9 milioni dell'anno precedente.
Per i nove mesi terminati il 30 settembre 2024, l'azienda ha mostrato una performance più forte con ricavi in aumento dell'84,4% a 221,7 milioni di dollari, il profitto lordo è aumentato dell'82,0% a 31,6 milioni di dollari, e il reddito netto è salito a 12,5 milioni di dollari rispetto agli 8,2 milioni dello stesso periodo del 2023.
Athena Bitcoin Global (ABIT) informó sus resultados financieros del tercer trimestre de 2024. Los ingresos crecieron un 5,7% alcanzando 69,4 millones de dólares en comparación con el tercer trimestre de 2023. Sin embargo, el beneficio bruto disminuyó un 23,9% a 8,1 millones de dólares y los gastos operativos aumentaron a 4,0 millones de dólares desde 1,5 millones. La renta neta cayó a 2,6 millones de dólares desde 5,9 millones interanualmente.
Durante los nueve meses que terminaron el 30 de septiembre de 2024, la empresa mostró un rendimiento más fuerte con ingresos que aumentaron un 84,4% a 221,7 millones de dólares, el beneficio bruto aumentó un 82,0% a 31,6 millones de dólares, y la renta neta creció a 12,5 millones de dólares desde 8,2 millones en comparación con el mismo período de 2023.
아테나 비트코인 글로벌 (ABIT)은 2024년 3분기 재무 결과를 발표했습니다. 수익은 5.7% 증가하여 6,940만 달러에 이르렀고, 2023년 3분기와 비교했습니다. 그러나 총 이익은 23.9% 감소하여 810만 달러로, 운영 비용은 150만 달러에서 400만 달러로 증가했습니다. 순익은 연간 590만 달러에서 260만 달러로 감소했습니다.
2024년 9월 30일로 종료된 9개월 동안, 회사는 더 강력한 성과를 보여주었고, 수익은 84.4% 증가하여 2억 2,170만 달러에 이르렀으며, 총 이익은 82.0% 증가하여 3,160만 달러로, 순익은 820만 달러에서 1,250만 달러로 증가했습니다. 2023년 같은 기간과 비교.
Athena Bitcoin Global (ABIT) a publié ses résultats financiers pour le troisième trimestre 2024. Les revenus ont augmenté de 5,7% pour atteindre 69,4 millions de dollars par rapport au troisième trimestre 2023. Cependant, le bénéfice brut a diminué de 23,9% à 8,1 millions de dollars, et les dépenses d'exploitation ont augmenté à 4,0 millions de dollars contre 1,5 million. Le revenu net a baissé à 2,6 millions de dollars contre 5,9 millions d'une année sur l'autre.
Pour les neuf mois se terminant le 30 septembre 2024, l'entreprise a affiché de meilleures performances avec des revenus en hausse de 84,4% à 221,7 millions de dollars, le bénéfice brut a augmenté de 82,0% à 31,6 millions de dollars, et le revenu net est passé de 8,2 millions de dollars à 12,5 millions de dollars par rapport à la même période en 2023.
Athena Bitcoin Global (ABIT) hat seine finanziellen Ergebnisse für das 3. Quartal 2024 bekannt gegeben. Der Umsatz stieg um 5,7% auf 69,4 Millionen Dollar im Vergleich zum 3. Quartal 2023. Der Bruttogewinn sank jedoch um 23,9% auf 8,1 Millionen Dollar, und die Betriebskosten stiegen von 1,5 Millionen Dollar auf 4,0 Millionen Dollar. Der Nettogewinn fiel von 5,9 Millionen Dollar auf 2,6 Millionen Dollar im Jahresvergleich.
Für die neun Monate bis zum 30. September 2024 zeigte das Unternehmen eine stärkere Leistung mit einem Umsatzanstieg von 84,4% auf 221,7 Millionen Dollar, der Bruttogewinn stieg um 82,0% auf 31,6 Millionen Dollar, und der Nettogewinn kletterte von 8,2 Millionen Dollar auf 12,5 Millionen Dollar im Vergleich zum gleichen Zeitraum 2023.
- Revenue increased 5.7% YoY to $69.4M in Q3 2024
- Nine-month revenue grew 84.4% to $221.7M
- Nine-month gross profit up 82.0% to $31.6M
- Nine-month net income increased to $12.5M from $8.2M
- Q3 gross profit declined 23.9% to $8.1M
- Q3 operating expenses increased significantly to $4.0M from $1.5M
- Q3 net income decreased to $2.6M from $5.9M YoY
MIAMI, FL / ACCESSWIRE / November 19, 2024 / Athena Bitcoin Global (OTC PINK:ABIT) ("Athena") a leading international operator of bitcoin kiosks and digital asset fintech solutions filed today its unaudited consolidated financial statements for the fiscal third quarter ended September 30, 2024 with OTC Markets.
Third Quarter 2024 Financial Results
For the third quarter of 2024, revenue increased
Gross profit decreased
Operating expenses were
Net income was
Nine Months Ended September 30, 2024 Financial Results
For the nine months ended September 30, 2024, revenue increased
Gross profit increased
Operating expenses were
Net income was
About Athena Bitcoin Global
Athena Bitcoin Global operates an international network of Athena Bitcoin kiosks, which are free standing kiosks that permit customers to buy or sell Bitcoin in exchange for fiat currencies. The Company places its machines in convenience stores, shopping centers and other easily accessible locations in thirty-three US states and territories, and in four countries in Central and South America. Athena Bitcoin Global's comprehensive fintech platform enables POS merchant payments powered by Athena Pay and the Company provides safe, reliable and personalized trading services through its Athena Plus services. To learn more visitwww.athenabitcoin.comor follow Athena Bitcoin Global on Twitter and LinkedIn.
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and Athena Bitcoin Global specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
Contact:
Rachele Andrejczak
Director of Marketing, Athena Bitcoin, Inc.
rachele@athenabitcoin.com
SOURCE: Athena Bitcoin Global
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