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MicroStrategy expected to report revenue of $131m in Q4 earnings report

MicroStrategy bolsters Bitcoin holdings with $347 million acquisition

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TL;DR

  • On February 2nd, MicroStrategy will be releasing its fourth-quarter earnings report.
  • Anticipated revenue is expected to exceed $131 million, a decrease from the previous year’s figure of $134.5 million.

This Thursday, MicroStrategy will announce its fourth-quarter results. Its outlook appears to be positive, with analysts predicting that the software company will turn a profit despite slightly lower revenue than last year. According to FactSet’s estimates, the firm is expected to report revenue of around $131 million in sales this time—¬a bit less than what was seen a year ago at $134.5 million. The projected net income is $10.7 million, marking the first time the company has posted a profit since Q4 of 2020.

Although a slight revenue decline stalls their three consecutive periods of revenue growth, but it comes at a time in crypto with FTX collapse and Bitcoin dipping as low as $17,000—far from its November 2021 peak of nearly $69,000.

Last month, MicroStrategy made a major move by selling 704 bitcoin worth $11.8 million—the first time they ever sold any of their 130,000 BTC holdings. However, only two days later, they bought 810 Bitcoin to supplement the already impressive 2,395 Bitcoin that were accumulated between November and December. This demonstrates their strong conviction in the cryptocurrency market despite short-term fluctuations in price. The company announced that it would use the capital losses generated by this transaction to offset previous capital gains, as far as these carrybacks are allowed under existing federal tax regulations.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Damilola Lawrence

Damilola is a crypto enthusiast, content writer, and journalist. When he is not writing, he spends most of his time reading and keeping tabs on exciting projects in the blockchain space. He also studies the ramifications of Web3 and blockchain development to have a stake in the future economy.

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