Bitcoin Depot Inc (OQ:BTM)
Business Focus: N/A
| Sector: Technology | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3343 Peachtree Road Ne, Suite 750 ATLANTA GA 30326 |
| Tel: | N/A |
| Website: | https://bitcoindepot.com |
| IR: | See website |
| Key People | ||
| Brandon Mintz President, Chief Executive Officer, Director | Glen Leibowitz Chief Financial Officer | Scott Buchanan Chief Operating Officer, Director | Mark Smalley Chief Compliance Officer |
| Business Overview |
| Bitcoin Depot Inc. is a Bitcoin ATM (BTM) operator and fintech company. The Company provides its users with the means of converting cash into cryptocurrency, which users can deploy in the payments, spending and investing space. Its offerings included approximately 6,300 BTMs in retailer locations throughout the United States and Canada, its BDCheckout product, which is accepted at approximately 5,700 retail locations, and its mobile app. Bitcoin Depot's process is to convert cash into Bitcoin via its BTMs and the mobile app enables not only the users, but also the broader public, to access the digital financial system. The Company primarily purchases cryptocurrencies to sell to customers. Its cryptocurrencies consisted primarily of Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH). The Company's diverse retail locations consist of convenience stores and gas station chains: pharmacies and grocers, and mall operators. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Bitcoin Depot Inc revenues increased 7% to $689M. Net loss totaled $26.1M vs. income of $4M. Revenues reflect Company website segment increase from $173K to $879K. Net loss reflects Balancing increase of 59% to $52.2M (expense), Advertising Expense increase of 32% to $5.6M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from $0.30 to -$1.57. |
| Employees: | 124 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $114.24M as of Mar 31, 2024 |
| Annual revenue (TTM): | $688.97M as of Mar 31, 2024 |
| EBITDA (TTM): | $63.32M as of Mar 31, 2024 |
| Net annual income (TTM): | -$26.11M as of Mar 31, 2024 |
| Free cash flow (TTM): | $41.08M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $0.98M as of Mar 31, 2024 |
| Shares outstanding: | 62,521,616 as of May 13, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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