Bitcoin Depot Inc (BTM)

[Monksdream]

BTM 10Q due 3/25

[StockRoomBully]

Newwwesssssss

[StockRoomBully]

Newsssssssss

[StockRoomBully]

Newsss company shows no slowing down

940 new KIOSK in 24 states that's 39 each States spread out
Supply+demand+halving in April

$BTM could've said it any better "Provide Greater Access for Users to Fund Their Bitcoin Wallet with Cash" meanwhile blackrock hoarding at 5k per day for 3 days total of 16k before halving deadline set for April 19, 2024. If you don't see the Big Picture Demand + low supply = inflatable price

"Bitcoin Depot Plans to Install Kiosks in Roughly 940 Stores Across 24 US States to Provide Greater Access for Users to Fund Their Bitcoin Wallet with Cash"

[gotinearly]

Correct, the atms are not at fault for scams

[81vette]

If someone is forced to give their money out of an atm,it’s not the atms legal obligation to give them their money back,yet ppl file lawsuits anyway. If kiosk atm machines were liable,ppl would make false claims all the time.

[81vette]

Mark paolillo,opened accounts today to spread exactly the same misinformation,on web,obviously intending to harm BTM shareholders and company. He acknowledged cases were closed and still is promoting them as ongoing,BTM might have lawsuit against him soon or already does (that would explain his motive)

[gotinearly]

As of 10/26/23

[gotinearly]

Date filed 09/21/2023

[81vette]

You Posted,terminated/not guilty lawsuits from 2021, someone trying to lower the share price would do that and then say look again,lawsuit STATUS is “TERMINATED” 2021,I must block you because your wasting my time and admins,,no need to respond,don’t care if you keep posting deceptive/old irrelevant info,good luck in your future endeavors

[gotinearly]

lol, nope I am a shareholder

[81vette]

Desperate shorts,just cover and move on,or close your account before your in deep and ruined,even if you can’t pay ,call your broker they might be able to help

[gotinearly]

nope, look again.

[gotinearly]

you should look a little closer...

[81vette]

False claim,suit terminated 2021

[81vette]

Bunch of crap suits,typical with any biz,in this one another vendor is pissed that a competitive kiosk placed

[81vette]

An attorney representing McLennan County revealed the settlement involved no payments to Bitcoin Depot,it was not involved in the scam, which was the work of a third-party international fraudster.(scam was ransomwhere payment)

[gotinearly]

I did not post that one

[81vette]

The lawsuit was dismissed after the county(screwed up)acknowledged the funds were improperly confiscated following a scam that targeted an 82-year-old Crawford woman, local media reported Thursday.

[gotinearly]

https://dockets.justia.com/docket/florida/flmdce/8:2023cv00102/409852

[gotinearly]

https://ttabvue.uspto.gov/ttabvue/v?pno=91267351&pty=OPP&eno=1

[gotinearly]

https://cases.stretto.com/cashcloud/court-docket/adversary-proceedings-listing/446

[gotinearly]

google it..for some reason they never reported these in their financials

[81vette]

What lawsuits? Wrong ticker? this is BTM

[gotinearly]

what is with all these lawsuits

[81vette]

Tutes own 50.57%,insiders 71.17%(info from finviz,yea I know it’s more than 100%,maybe including extra series shares)

[81vette]

Sales 377M(wait… WHAT…is that correct?)mkt cap only 36m,cash/sh 2.25(they have cash)

[81vette]

BTM Founder honored in Forbes top 30 under 30,interesting,has big $ connections.

[81vette]

BTM,100-200 new kiosk per-month(like atm machines,btm bitcoin machines) throughout USA ,plan to make bitcoin accessible to everyone everywhere(currently has largest market share of 6,400 in place across 48 states) worldwide expansion next??

[gotinearly]

Hopefully all the SPAC bs is done selling now

[FlyingDutchman]

3 / Support level.. watch for push for HOD/kaboom time

[ANTADOG]

3,51~~ ANT

[ANTADOG]

3,37~~ ANT

[ANTADOG]

All i can say so far is, that shorts have been far too brave here, and dangerous with a low float stock, let's put 'm in the corner, lol ANT

[ANTADOG]

Been doin' some readin' on btm, actually this may be an xcellent bitcoin vehicle, on close watch, ANT

[TrendTrade2016]

BTM...READY FOR 4 DOLLA

[TrendTrade2016]

BTM...HERE COMES THE EXPLOSION

[TrendTrade2016]

BTM...THIS WILL SHOCK THE MARKET

[TrendTrade2016]

BTM...FRESH BITCOIN RUNNER

[dshade]

Second Quarter 2023 Financial Results

Revenue in the second quarter of 2023 was $197.5 million, up 18% from the second quarter of 2022.

Gross profit in the second quarter of 2023 was $25.9 million, up 87% from the second quarter of 2022. Gross profit margin in the second quarter of 2023 was 13% compared to 8% in the second quarter of 2022.

Total operating expenses were $20.5 million for the second quarter of 2023, compared to $12.0 million for the second quarter of 2022.

Net loss for the second quarter of 2023 was $6.1 million, compared to net income of $4.1 million, for the second quarter of 2022.

Adjusted EBITDA, a non-GAAP measure, in the second quarter of 2023 was $19.8 million, up 54% from the second quarter of 2022. Adjusted EBITDA margin in the second quarter of 2023 was 10% compared to 8% in the second quarter of 2022. Please see "Explanation and Reconciliation of Non-GAAP Financial Measures" below.

Recent Business Highlights

Completed software conversion to BitAccess across the Company’s full BTM fleet in February 2023. The completion of the conversion vertically integrates Bitcoin Depot’s hardware and software, eliminating previous annual software licensing fees. BitAccess has enabled Bitcoin Depot to build out its BDCheckout product and its other software and operational capabilities and has expanded its revenue streams into kiosk management software, which includes various compliance systems, transaction processing and cash management capabilities.
Closed its previously announced business combination with GSR II Meteora Acquisition Corp. on June 30th and subsequently began trading on the Nasdaq on July 3rd.
Announced multiple partnerships with convenience store brands with locations spanning across several states, including FastLane, Gas Express, High’s, Majors Management, Stinker Stores, GetGo® Café + Market, and Jacksons Food Store.
Expanded BDCheckout program into two additional states through an ongoing partnership with a leading global payments technology company.
Guidance

Based on current market conditions, Bitcoin Depot expects consolidated revenue in 2023 to range between $700 million and $730 million, an 8% to 13% improvement compared to $647 million in 2022. Bitcoin Depot expects Adjusted EBITDA (non-GAAP) in 2023 to range between $56 million and $59 million compared to 2022 when Bitcoin Depot generated net income of $3.5 million and Adjusted EBITDA of $41 million, representing a 37% to 44% year-over-year increase in Adjusted EBITDA. For important disclosures about Adjusted EBITDA, see "Explanation and Reconciliation of Non-GAAP Financial Measures" below.

Form 10-Q Update

The Company has determined it will be unable to file its Quarterly Report on Form 10-Q for the period ended June 30, 2023 (the “Quarterly Report”) by its original due date of August 14, 2023 as it requires additional time to finalize the Quarterly Report in light of the review of the financial statements following the Company’s recent business combination. The Company expects to file the Quarterly Report as soon as practicable and currently expects to do so within the extension period of 5 calendar days as provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended, and accordingly, plans to file a Notification of Late Filing on Form 12b-25 with the Securities and Exchange Commission.

[Liquid1974]

Going much higher $18 pt…

[gotinearly]

ok picked up some shares and some warrants here

[dshade]

big pop today

[dshade]

BTM to Ring Nasdaq Opening Bell on July 24, 2023

[AJ Freely]

$BTM - Up 11.4% Pre-Market/ Current Price $3.43
Reports Preliminary Second Quarter Revenue; Sets 2Q '23 Earnings Date and Provides '23 Guidance
Bitcoin Depot expects consolidated revenue for the quarter ended June 30, 2023 to range between $196m and $198m

[dshade]

warrants up from .05 to .195 today

[dshade]

Warrants are the BTM play and have been since .06

[jonsmile]

Another failed SPAC