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Gryphon Digital Mining (GRYP)
NASDAQ:GRYP
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Earnings Data
Report Date
Apr 07, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.16Last Year’s EPS
-$0.36Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -41.47%
|Next Earnings Date:Apr 07, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant strategic moves, including leadership enhancement, debt restructuring, and AI expansion plans, which are positive indicators of future growth and stability. However, the company faced challenges with decreased Bitcoin mining revenue and increased breakeven costs. Despite these lowlights, the improved adjusted EBITDA and strategic positioning suggest a cautiously optimistic outlook.Company Guidance
During the Gryphon Digital Mining Q3 2024 earnings call, key metrics and strategic developments were discussed, providing a comprehensive insight into the company's financial and operational status. Gryphon mined 61 Bitcoin in Q3 2024, generating $3.7 million in revenue, compared to 176 Bitcoin and $5.2 million in the same quarter the previous year. The breakeven cost per Bitcoin rose significantly to $59,213 from $21,501, reflecting the 2024 Bitcoin halving event and increased global hashrate. The company's adjusted EBITDA improved from negative $4.7 million to negative $2.5 million year-over-year. A net loss of $5.9 million was recorded, including $3.2 million in non-cash expenses. Gryphon's balance sheet highlighted $0.4 million in cash and cash equivalents, $0.6 million in Bitcoin, and $19.3 million due on notes payable. The call emphasized a transformative debt restructuring with Anchorage Digital, converting $13 million of debt to equity and restructuring $5 million on favorable terms, significantly strengthening Gryphon's financial position. The company also announced strategic moves into AI infrastructure hosting, leveraging its mining infrastructure, aiming to diversify revenue and enhance shareholder value.Leadership Team Enhancement
Expanded leadership team with new CEO, Chairman, and Board member appointments to accelerate growth.
Debt Restructuring
Completed transformative debt restructuring converting $13 million of debt to equity, significantly strengthening financial position.
Market Capitalization Increase
Market capitalization exceeded $40 million, meeting NASDAQ listing requirements.
Strategic Expansion into AI
Plans for strategic expansion into AI infrastructure hosting, leveraging existing mining infrastructure.
Potential Low-Cost Power Acquisition
Announced potential acquisition of ultra low-cost power mining operations at around $0.01 per kilowatt hour.
Improved Adjusted EBITDA
Adjusted EBITDA improved from negative $4.7 million in Q3 2023 to negative $2.5 million in Q3 2024.
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GRYP 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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GRYP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $0.76 | $0.68 | -10.53% |
| Aug 14, 2024 | $0.73 | $0.72 | -1.37% |
| May 13, 2024 | $1.65 | $1.64 | -0.61% |
| Apr 01, 2024 | $1.46 | $1.24 | -15.07% |
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 Gryphon Digital Mining (GRYP) report earnings?
Gryphon Digital Mining (GRYP) is schdueled to report earning on Apr 07, 2025, TBA Not Confirmed.
What is Gryphon Digital Mining (GRYP) earnings time?
Gryphon Digital Mining (GRYP) earnings time is at Apr 07, 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 GRYP EPS forecast?
GRYP EPS forecast for the fiscal quarter 2024 (Q4) is -$0.16.
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