See more : Alico, Inc. (ALCO) Income Statement Analysis – Financial Results
Complete financial analysis of BitFuFu Inc. (FUFU) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of BitFuFu Inc., a leading company in the Financial – Capital Markets industry within the Financial Services sector.
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BitFuFu Inc. (FUFU)
About BitFuFu Inc.
BitFuFu Inc. provides digital asset mining and cloud-mining services in Singapore. It also offers miner rental, and miner hosting and sales services to institutional customers and individual digital asset enthusiasts. The company is based in Singapore, Singapore.
| Metric | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Revenue | 284.11M | 198.20M | 103.04M | 1.23M |
| Cost of Revenue | 271.39M | 161.97M | 94.01M | 1.09M |
| Gross Profit | 12.71M | 36.23M | 9.03M | 139.72K |
| Gross Profit Ratio | 4.47% | 18.28% | 8.76% | 11.39% |
| Research & Development | 1.74M | 1.56M | 469.93K | 691.39K |
| General & Administrative | 3.68M | 2.74M | 1.42M | 539.17K |
| Selling & Marketing | 1.86M | 1.95M | 1.61M | 40.74K |
| SG&A | 5.54M | 544.16K | 490.00 | 579.91K |
| Other Expenses | -11.14M | -53.19K | -1.12K | -18.80K |
| Operating Expenses | -3.86M | 597.35K | 490.00 | 1.25M |
| Cost & Expenses | 267.53M | 597.35K | 490.00 | 2.34M |
| Interest Income | 1.05M | 343.19K | 135.30K | 0.00 |
| Interest Expense | 5.54M | 2.52M | 0.00 | 0.00 |
| Depreciation & Amortization | 24.50M | 18.16M | 2.86K | 1.13M |
| EBITDA | 29.83M | 47.53M | 5.53M | 18.80K |
| EBITDA Ratio | 10.50% | -0.30% | 0.00% | 1.53% |
| Operating Income | 16.57M | -597.35K | -490.00 | -1.11M |
| Operating Income Ratio | 5.83% | -0.30% | 0.00% | -90.68% |
| Total Other Income/Expenses | -3.89M | -4.08M | -5.84M | 6.79K |
| Income Before Tax | 12.68M | -179.28K | -490.00 | -1.11M |
| Income Before Tax Ratio | 4.46% | -0.09% | 0.00% | -90.13% |
| Income Tax Expense | 2.18M | 76.63K | 1.04M | 0.00 |
| Net Income | 10.49M | -255.90K | -490.00 | -1.11M |
| Net Income Ratio | 3.69% | -0.13% | 0.00% | -90.13% |
| EPS | 0.01 | 0.00 | 0.00 | -0.01 |
| EPS Diluted | 0.01 | 0.00 | 0.00 | -0.01 |
| Weighted Avg Shares Out | 162.90M | 162.90M | 162.90M | 157.89M |
| Weighted Avg Shares Out (Dil) | 162.90M | 162.90M | 162.90M | 157.89M |
Why Is BitFuFu (FUFU) Stock Up 109% Today?
BitFuFu (NASDAQ: FUFU ) stock is rocketing higher on Monday alongside heavy trading of the company's shares this morning. During pre-market trading hours on Monday, more than 1 million shares of the company's stock had changed hands.
IPO backed by Bitcoin mining titan struggles on first trading day
BitFuFu, a cryptocurrency mining company, achieved a significant milestone by going public on the Nasdaq stock exchange through a merger with Arisz Acquisition Corp.
BitFuFu Completes Business Combination with Arisz Acquisition Corp
NEW YORK and SINGAPORE, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Finfront Holding Company, a fast-growing digital asset mining service and world-leading cloud-mining service provider ("BitFuFu" or the "Company"), and Arisz Acquisition Corp.(“ARIZ”), a publicly-traded special purpose acquisition company, today announced...
Source: https://incomestatements.info
Category: Stock Reports