Bitmine Immersion Technologies (BMNR) Revenue — Quarter Ended Feb 28, 2023
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined relative to the same quarter one year earlier.
Key takeaway
Quarter ended Feb 28, 2023 · FY2023 Q2
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$156.1K
Revenue reported for this quarter.
Quarter-over-quarter
+53.5%
Change from the immediately preceding quarter.
Year-over-year
-55.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$336.2K
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| May 31, 2022 | $16.6K | n/a |
| Aug 31, 2022 | $61.8K | n/a |
| Nov 30, 2022 | $101.7K | n/a |
| Feb 28, 2023 | $156.1K | -55.3% |
Revenue performance
The reported revenue direction for the quarter was upward from the prior quarter, reflecting a positive sequential trend.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose. When measured against the same quarter one year ago, revenue was lower.
What to watch
The filing context notes a substantial increase in cash used in operating activities compared to the same period a year earlier.