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.
ខែមុន, មីក្រូស្ត្រេសប៊ី 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.
Source: https://www.cryptopolitan.com/microstrategy-expected-to-report-revenue-of-131m/