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FRMO Corporation (FRMO)
OTHER OTC:FRMO
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Earnings Data
Report Date
Apr 10, 2025TBA Not Confirmed
Period Ending
2025 (Q3)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:Jan 09, 2025
|% Change Since: 12.76%
|Next Earnings Date:Apr 10, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with several records set in total assets and cash balance, alongside improvements in cryptocurrency mining efficiency. However, challenges remain with increased deferred tax liabilities and occasional equipment issues. Overall, the company's strategic expansion into Winland and focus on efficient cryptocurrency operations are promising.Company Guidance
During the FRMO earnings call for Q1 2025, Murray Stahl highlighted several key financial metrics and strategic insights. He noted that FRMO's total assets reached a record $548 million, with a cash balance of $42.4 million, potentially setting a record for the company. Their deferred tax liability exceeded $42 million, serving as a substantial tax-free loan from the government. The company's short positions in ETFs, with a cost basis of over $10 million but a market value of less than $1 million, were discussed as a source of cash margin release contributing to the cash balance. Additionally, digital assets surpassed $9.5 million, with ongoing mining activities contributing to this growth despite recent value fluctuations. Stahl emphasized the gradual approach to crypto mining investments, with FRMO owning about 38% of Winland and controlling approximately 40% of its votes, highlighting the strategic expansion in digital asset mining operations. He also discussed the increasing efficiency and profitability of mining operations and the potential for FRMO to become an operating company upon owning more than 50% of Winland. The call covered various aspects of mining economics, equipment investments, and digital asset strategies, offering insights into FRMO's long-term growth trajectory and emphasis on hard assets amid evolving market conditions.Record Total Assets
FRMO Corp's total assets reached a record $548 million.
Increase in Cash Balance
Cash balance is $42.4 million, a recent record for many years.
Digital Asset Growth
Digital assets over $9.5 million with ongoing mining operations.
Cryptocurrency Mining Efficiency
Significant efficiency improvements in mining operations, contributing to increased profitability.
Winland Expansion
FRMO owns about 38% of Winland, with plans to increase ownership through equipment swaps.
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FRMO 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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FRMO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 16, 2024 | $8.70 | $9.11 | +4.71% |
| Aug 15, 2024 | $7.49 | $7.50 | +0.13% |
| Apr 12, 2024 | $7.39 | $7.40 | +0.14% |
| Jan 12, 2024 | $7.41 | $7.40 | -0.13% |
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 FRMO Corporation (FRMO) report earnings?
FRMO Corporation (FRMO) is schdueled to report earning on Apr 10, 2025, TBA Not Confirmed.
What is FRMO Corporation (FRMO) earnings time?
FRMO Corporation (FRMO) earnings time is at Apr 10, 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 FRMO EPS forecast?
Currently, no data Available
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