Revenue Growth: BMNR's revenue reached $1,517,422, marking a year-over-year increase of 70.19% and a quarter-over-quarter rise of 26.36%. This growth is attributed to an expanded operational capacity and increased demand for mining services.
Profitability: The gross profit stood at $304,716, denoting a gross profit margin of 20.08%. This represents a substantial improvement from last quarter with a 153.50% change, but reflects a decline of 5.84% year-over-year, indicating persistent cost management issues.
Income Metrics: BMNR registered a net loss of $1,156,891, an adverse year-over-year change of 28.16% and a decrease of 18.69% quarter over quarter. The company's operating income ratio remains concerning at -60.21%, highlighting the pressure on their cost structure amidst market fluctuations.
Balance Sheet: Total assets amounted to $7,500,676 with total liabilities of $4,647,527, resulting in stockholders equity totaling $2,853,149. This signals a critical leverage scenario with a debt-to-equity ratio of 0.897.
Cash Flow: Cash at the end of the period totaled $482,951, with a negative cash flow from operations of -$240,626, indicating ongoing liquidity challenges that necessitate close monitoring.