Bitmine Immersion Technologies (BMNR) Revenue — Quarter Ended May 31, 2023
Revenue declined from the immediately preceding quarter but rose sharply compared with the same quarter one year earlier. The sequential decrease followed a steep drop in the prior quarter, while the year-over-year figure reflects a substantial increase from a low base.
Key takeaway
Quarter ended May 31, 2023 · FY2023 Q3
Revenue declined from the immediately preceding quarter but rose sharply compared with the same quarter one year earlier. The sequential decrease followed a steep drop in the prior quarter, while the year-over-year figure reflects a substantial increase from a low base.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$142.1K
Revenue reported for this quarter.
Quarter-over-quarter
-8.9%
Change from the immediately preceding quarter.
Year-over-year
+757.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$461.8K
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 |
|---|---|---|
| Aug 31, 2022 | $61.8K | n/a |
| Nov 30, 2022 | $101.7K | n/a |
| Feb 28, 2023 | $156.1K | -55.3% |
| May 31, 2023 | $142.1K | +757.9% |
Revenue performance
Revenue for the quarter was lower than the previous quarter, marking a second consecutive decline from the peak two quarters ago. The reported revenue represents a small fraction of the peak level reached in the earlier period.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased, while compared with the same quarter one year earlier, it increased markedly. The year-over-year comparison shows a substantial gain, though the base period figure was very low.
What to watch
The sequential revenue decline, if sustained, may signal a need to monitor the company's ability to stabilize top-line performance.