Gryphon Digital Mining Inc reports results for the quarter ended in June - Earnings Summary

American Bitcoin

16/08/2024 05:26

* Gryphon Digital Mining Inc  GRYP.OQ  reported a quarterly
adjusted loss of 10 cents​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of $-10.40.  The lone analyst forecast for the
quarter was for a loss of 18 cents per share. 
    * Revenue rose 141.1% to $5.52 million from a year ago;
analysts
expected $5.50 million. 
    * Gryphon Digital Mining Inc shares had fallen by 38.6% this
quarter and lost 91.6% so far this year.

FORECAST CHANGES
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the blockchain &
cryptocurrency peer group is also "hold"

This summary was machine generated from LSEG data August 16 at
04:25 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.18          -0.10          Beat
 Sep. 30 2023      -8.60          -6.40          Beat