Bitmine Immersion Technologies (BMNR) Revenue — Quarter Ended Aug 31, 2024
The company reported a decline in revenue for the quarter compared to the immediately preceding quarter. However, revenue increased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Aug 31, 2024 · FY2024 Q4
The company reported a decline in revenue for the quarter compared to the immediately preceding quarter. However, revenue increased compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$682.1K
Revenue reported for this quarter.
Quarter-over-quarter
-44.3%
Change from the immediately preceding quarter.
Year-over-year
+178.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.3M
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 |
|---|---|---|
| Nov 30, 2023 | $511.3K | +402.7% |
| Feb 29, 2024 | $891.6K | +471.2% |
| May 31, 2024 | $1.2M | +761.9% |
| Aug 31, 2024 | $682.1K | +178.0% |
Revenue performance
Revenue for the quarter decreased from the prior quarter, marking a reversal from the strong year-over-year growth seen in recent periods.
Quarterly comparison
Compared to the preceding quarter, revenue declined. Compared to the same quarter one year earlier, revenue rose significantly.
What to watch
The sharp quarter-over-quarter decline warrants monitoring for any underlying trend change.