Suche
Mein Konto
MicroStrategy records lowest quarterly sales since Covid pandemic
MicroStrategy's $53 million quarterly loss and significant share price decline are worrisome news. Read the analysis of the current situation here.
MicroStrategy records lowest quarterly sales since Covid pandemic
MicroStrategy, led by CEO Michael Saylor, posted a first-quarter net loss of $53 million, or $3.09 per share, marking its lowest quarterly revenue since the start of the Covid pandemic. Sales fell 5.5 percent to $115.2 million, missing the average estimate of analysts surveyed by Bloomberg.
The significant loss came after the company took an impairment of around $13 billion on its Bitcoin holdings. This write-down led to significant financial losses for MicroStrategy, which impacted the quarterly results and thus led to the aforementioned loss.
The company's stock reacted to the news with a sharp decline, resulting in continued pressure on the share price. Investors were concerned about the company's financial performance and the impact of the impairment on future performance.
Despite these challenges, CEO Michael Saylor remains optimistic about MicroStrategy's future and emphasizes the company's long-term strategy. The current results could represent an important turning point, leading to a reassessment and reorientation in order to stabilize the financial situation and secure the company's growth potential.