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SATO Technologies (TSE:SATO)
:SATO
Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.03Last Year’s EPS
0.01Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 11, 2022
|% Change Since: -25.93%
|Next Earnings Date:Nov 19, 2021
Earnings Call Sentiment|Neutral
The earnings call highlighted SATO's strategic growth initiatives and operational efficiency, particularly in adapting to the AI and HPC markets. Despite facing challenges in Q3, including a revenue decline and operational disruptions, the company remains optimistic about future growth and profitability driven by increasing Bitcoin prices and a strong balance sheet.Company Guidance
During the earnings call for Q3 2024, SATO Technologies provided a comprehensive overview of their strategic vision and financial performance. The company reported a 5% increase in revenue for the first nine months of 2024, totaling nearly $13 million, despite facing challenges such as a Bitcoin halving event, an increase in hash rate, and a fire incident affecting 10% of operations. They mined 31 Bitcoin in Q3 and 161 over nine months, and their net profit reached $1.269 million with an adjusted EBITDA of over $4.2 million, demonstrating resilience and operational efficiency. SATO emphasized their focus on transforming energy into computing power, leveraging their 20-megawatt data center in Quebec for both Bitcoin mining and AI/HPC applications. They highlighted their plans for scalable expansion in North America, eyeing operations ranging from 12 to 200 megawatts, and are considering additional listings and capital strategies to support long-term growth. With a strong cash position of $972,000 and digital assets valued at just under $3 million, the company remains optimistic about future opportunities, particularly in light of the increasing price of Bitcoin.Revenue Growth
For the 9 months ended, revenues were almost $13 million, marking a 5% increase from the same period in 2023.
Net Profit and EBITDA Increase
The net profit for the 9 months was $1.269 million, with an EBITDA of over $4.2 million, showing a large increase from the previous year.
Operational Efficiency
SATO has been ranked as one of the most efficient Bitcoin miners globally, thanks to their use of hydro energy and strategic load management.
Strategic Vision for AI and HPC
SATO is leveraging its data centers for AI and HPC, with plans to expand operations in North America, focusing on flexible energy use between Bitcoin mining and AI/HPC.
Strong Cash Position
At the end of Q3, SATO held just under $3 million in digital assets and $972,000 in cash, maintaining a strong balance sheet.
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TSE:SATO 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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TSE:SATO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 22, 2024 | C$0.27 | C$0.26 | -3.70% |
| Aug 28, 2024 | C$0.28 | C$0.27 | -3.57% |
| May 21, 2024 | C$0.28 | C$0.27 | -3.57% |
| Mar 04, 2024 | C$0.47 | C$0.47 | 0.00% |
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 SATO Technologies (TSE:SATO) report earnings?
SATO Technologies (TSE:SATO) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is SATO Technologies (TSE:SATO) earnings time?
SATO Technologies (TSE:SATO) earnings time is at Mar 05, 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 TSE:SATO EPS forecast?
TSE:SATO EPS forecast for the fiscal quarter 2024 (Q4) is -0.03.
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