MSTR Earnings Outlook SOPA Images/LightRocket via Getty Images MicroStrategy MSTR +9% , the bitcoin investment vehicle attached to a business-software company, is likely to report its first quarterly profit in two years in results expected this afternoon as its business improves and the value of its crypto hoard rises. Steady progress in its business-analytics division, which is seeking to transition customers to recurring, internet-based subscriptions–known as the software-as-a-service model–from on-premise licensed programs, should give a lift to results, according to Joe Vafi, a managing director at Canaccord Genuity. Although the business is relatively mature, it is “very sticky with good margins,” he adds. Even though Q4 revenue is expected to fall about 3% to $130 million, according to consensus data compiled by FactSet, the company is on track to report net income of $10.7 million after losing $90 million a year earlier. The last time it eked out a profit was the final quarter of 2020, when it earned $2.7 million. On the adjusted basis used by Wall Street analysts, MicroStrategy is expected to earn 98.3 cents a share, Bloomberg data show. As far as investors are concerned, the software business plays second fiddle to the company’s bitcoin strategy, […]
MicroStrategy’s Software Business Turns Profitable As Bitcoin Stash Appreciates
You may also like...
