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Argo Blockchain (ARBKF)
OTHER OTC:ARBKF
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 20, 2024
|% Change Since: -60.00%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed view of Argo's performance. While there were significant achievements in debt reduction, legal victories, and strategic expansion plans, these were offset by declines in revenue, profitability, and challenges within the Bitcoin mining sector. The sentiment is balanced with both positive strategic moves and negative financial performance.Company Guidance
During Argo Blockchain's Q3 2024 investor call, guidance highlighted a challenging quarter due to macroeconomic factors impacting Bitcoin mining. Key metrics included a decrease in revenue to $7.5 million, mining 123 Bitcoins, and a mining margin drop to 8% from 58% the previous year. The company reported a net loss of $6.3 million and an adjusted EBITDA of negative $2.1 million. Despite headwinds, Argo made strides in debt reduction, repaying $12.4 million, including the Galaxy loan. Looking ahead, Argo plans to explore High Performance Computing (HPC) expansions to diversify revenue streams, with a potential go-live in April 2025. The company ended the quarter with $2.5 million in cash and four Bitcoin equivalents held. Additionally, regulatory changes are expected to favor the industry, and Argo remains focused on financial discipline, operational excellence, and strategic growth.Debt Reduction and Financial Discipline
Argo fully repaid the $12.4 million Galaxy loan during the quarter, four months ahead of schedule, highlighting strong financial discipline and improving cash flow. This reduced financial liabilities and eliminated $1.1 million in monthly amortization payments.
Strategic Partnerships and Expansion Plans
Argo signed a non-binding letter of intent with BE Group to explore a High Performance Computing (HPC) expansion at Baie-Comeau. The feasibility study shows potential to adapt 12 megawatts of infrastructure and expand by an additional 11 megawatts, aiming for a go-live in April 2025.
Dismissal of Class Action Lawsuit
The class action lawsuit, Murphy versus Argo Blockchain, was dismissed with prejudice and without leave to amend, marking a positive legal outcome for the company.
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ARBKF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARBKF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | $0.10 | $0.10 | 0.00% |
| Aug 28, 2024 | $0.12 | $0.13 | +8.33% |
| May 23, 2024 | $0.15 | $0.14 | -6.67% |
| Apr 25, 2024 | $0.13 | $0.12 | -7.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Argo Blockchain (ARBKF) report earnings?
Argo Blockchain (ARBKF) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Argo Blockchain (ARBKF) earnings time?
Argo Blockchain (ARBKF) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARBKF EPS forecast?
Currently, no data Available
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