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remember the Trust owns 3.5 million shares of ECSL
few could have pulled off what they are about to announce
disregard those repeating don't buy since .05 cent
Avoid ridiculous distractions from those that seem to have no idea of what is taking place.
All the approvals for permitting are done.
Hope springs eternal. Permits are all set for AFTER the closing.
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 Companyβs full BTM fleet in February 2023. The completion of the conversion vertically integrates Bitcoin Depotβs 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, Highβs, Majors Management, Stinker Stores, GetGo® CafΓ© + 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 βQuarterly Reportβ) 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 Companyβs 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.
actually that one is about unlimited power supply
it will. how soon is hard to say. much in flux these days.
no problem. that one is going to be huge like this...
Closed already? We'll find out shortly. Glad to see the smart buys today from her last wad.
Today in Ormond, FL. Huge fuel storage approved. https://www.news-journalonline.com/story/news/local/volusia/2023/08/11/a-fuel-storage-and-distribution-facility-is-coming-to-ormond-beach/70535175007/
Appears Florida Environmental is clearing Fuel bunkers now like crazy.
Long trip back so, Green hydrogen adoption everywhere now. UAE-based renewable energy company Masdar signed an initial agreement with the Port of Amsterdam, and aviation fuel supplier SkyNRG, storage facility Evos Amsterdam and logistics service Zenith Energy have signed an initial agreement to explore the export of green hydrogen to Europe for steelmaking, sustainable aviation fuel, bunkering for shipping as well as new offtakers via pipeline, truck and barge. The Port of Amsterdam has set a goal to import at least 1mn t/yr of green hydrogen, while Masdar's green hydrogen business plans to produce 1mn t/yr by 2030.
https://www.argusmedia.com/en/news/2410088-pd-ir-outlooks-diverge-in-clean-energy-transition
love to stay and chat but have 20 hrs of flight time ahead. cheers!🥂
and no environmental issues at all. all parties content and closing is upon us.
yes. they will regret not owning any shares here after this week.
perhaps the comeback many have been waiting fr has commenced?
as we head into closing and look back at all the effort taken to do it correctly, we appreciate the prudent and responsible management that has watched out for it's shareholders and assured a very profitable company future.
adding before 10:30 can cost more 💲 than nec. be patient
are they still working with ACI?
curious to see if 10:51:21 tries it again today...
looking forward to ECSL/Cyberfuels move to NASDAQ #CBRF 🚀
🚉 last call folks. 2 year wait over. all aboard. 🚆🚂🛳️
ECSL .70 about to close this in Tampa Bay.
it was nice to break through that 3 month high
Robin Leach would appreciate the effort. Champagne wishes will have to do...
yes, it has been well managed and reduced over the last year
easy no jinxing .. lol
The fools will head to their cages and igloos after this week
All the DD adds up to this week.
Terry is smart buying those shares from the foolish idiot selling this week.
a broken down frustrated 🐒 will try hard to hide 😭 after wasting a huge portion of life here with zip to show for it.
Let the news dictate ones actions. Give it a day or two post closing. August commences the show 🎬.
No boat today. Gotta do some 🪂s. Cheers
🏁this week. 🍾 🚀
XRP is assisting in SHIB payments now. That however, is for the other board.
Enjoy the last weekend with this low pps. Cheers
The employees at the Port expects it as well.
💸💰🚢🏝⛳️🍻 is next week folks.