Bitmine Immersion Technologies (BMNR) Revenue — Quarter Ended Feb 29, 2024
Revenue increased for the quarter, marking continued growth. The company reported higher revenue compared to both the previous quarter and the same quarter last year.
Key takeaway
Quarter ended Feb 29, 2024 · FY2024 Q2
Revenue increased for the quarter, marking continued growth. The company reported higher revenue compared to both the previous quarter and the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$891.6K
Revenue reported for this quarter.
Quarter-over-quarter
+74.4%
Change from the immediately preceding quarter.
Year-over-year
+471.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.8M
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, 2023 | $142.1K | +757.9% |
| Aug 31, 2023 | $245.3K | +296.8% |
| Nov 30, 2023 | $511.3K | +402.7% |
| Feb 29, 2024 | $891.6K | +471.2% |
Revenue performance
Revenue rose during the quarter, extending a pattern of sequential increases seen in recent periods.
Quarterly comparison
Revenue exceeded the level achieved in the immediately preceding quarter and was substantially above the figure from the same quarter one year earlier.
What to watch
The company's net loss and cash used in operations, as noted in the filing, warrant attention.