Bitmine Immersion Technologies (BMNR) Revenue — Quarter Ended Nov 30, 2023
Revenue for the quarter increased significantly compared to both the prior quarter and the same quarter last year. The company reported a higher revenue figure than in the preceding three-month period and a substantial rise from the corresponding period one year earlier.
Key takeaway
Quarter ended Nov 30, 2023 · FY2024 Q1
Revenue for the quarter increased significantly compared to both the prior quarter and the same quarter last year. The company reported a higher revenue figure than in the preceding three-month period and a substantial rise from the corresponding period one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$511.3K
Revenue reported for this quarter.
Quarter-over-quarter
+108.4%
Change from the immediately preceding quarter.
Year-over-year
+402.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.1M
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 |
|---|---|---|
| Feb 28, 2023 | $156.1K | -55.3% |
| May 31, 2023 | $142.1K | +757.9% |
| Aug 31, 2023 | $245.3K | +296.8% |
| Nov 30, 2023 | $511.3K | +402.7% |
Revenue performance
Revenue growth in the quarter was positive, reversing the decline seen in the prior period. The reported amount was higher than the previous quarter's figure.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. Compared to the same quarter one year earlier, revenue also grew substantially.
What to watch
The company's operating cash flow remained negative despite revenue growth, which may warrant monitoring.