Mar. 17 at 1:52 PM
Noble Capital Markets Research Report: Bitcoin Depot (
$BTM) – Wave of Regulatory Action Weighs on Outlook
Q4 results. Bitcoin Depot reported Q4 revenue of
$116.0 million, above our estimate of
$112.0 million, reflecting somewhat stronger transaction activity than anticipated despite emerging regulatory headwinds. Adj. EBITDA of
$1.6 million was below our forecast of
$2.5 million due to higher operating expenses during the quarter.
Read full report here: https://www.channelchek.com/news-channel/bitcoin-depot-btm-wave-of-regulatory-action-weighs-on-outlook