Financial Snapshot

Revenue
$6.493M
TTM
Gross Margin
-90.45%
TTM
Net Earnings
-$24.97M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
268.34%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$909.6K
Q2 2024
Cash
Q2 2024
P/E
-0.4457
Nov 29, 2024 EST
Free Cash Flow
-$19.93M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $2.888M $6.261M $192.4K $80.50M $24.25M $0.00 $101.1M $63.28M $34.63M
YoY Change -53.87% 3155.03% -99.76% 231.97% -100.0% 59.78% 82.73%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $2.888M $6.261M $192.4K $80.50M $24.25M $0.00 $101.1M $63.28M $34.63M
Cost Of Revenue $3.834M $10.83M $403.4K $77.50M $22.22M $0.00 $91.45M $58.21M $29.68M
Gross Profit -$945.2K -$4.566M -$211.0K $2.997M $2.029M $0.00 $9.651M $5.067M $4.952M
Gross Profit Margin -32.72% -72.92% -109.71% 3.72% 8.37% 9.55% 8.01% 14.3%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Selling, General & Admin $6.256M $5.847M $10.46M $4.639M $511.2K $2.609M $1.546M $2.223M
YoY Change 6.99% -44.1% 125.47% 807.45% -80.4% 68.79% -30.46%
% of Gross Profit 348.99% 228.61% 27.03% 30.5% 44.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.362M $276.8K $6.510K $508.3K $689.5K $542.2K $531.6K $588.7K
YoY Change 1837.4% 4151.31% -98.72% -26.28% 27.17% 1.99% -9.69%
% of Gross Profit 0.22% 25.05% 5.62% 10.49% 11.89%
Operating Expenses $13.89M $23.74M $5.898M $3.474M $3.442M $511.2K $2.609M $1.546M $2.223M
YoY Change -41.49% 302.51% 69.76% 0.92% 573.4% -80.4% 68.79% -30.46%
Operating Profit -$14.84M -$28.30M -$6.109M -$3.474M -$3.442M -$511.2K $7.043M $3.522M $2.729M
YoY Change -47.59% 363.35% 75.83% 0.92% 573.4% -107.26% 99.99% 29.04%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Interest Expense $227.4K $54.14K $156.0K $123.2K $840.00 -$1.035M -$192.7K $180.0K
YoY Change 320.0% -65.31% 26.65% 14568.1% -100.08% 437.02% -207.04%
% of Operating Profit -14.69% -5.47% 6.6%
Other Income/Expense, Net -$3.449M $88.29K $766.1K -$165.8K -$482.4K $0.00 -$1.525M $1.780K $2.710K
YoY Change -4006.72% -88.47% -562.06% -65.63% -100.0% -85794.94% -34.32%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Pretax Income -$18.28M -$28.22M -$5.343M -$3.640M -$3.925M -$510.4K $4.482M $3.331M $2.912M
YoY Change -35.2% 428.13% 46.78% -7.26% 669.03% -111.39% 34.58% 14.38%
Income Tax $0.00 $0.00 -$1.002M $223.2K $0.00 $714.4K $875.7K $728.0K
% Of Pretax Income 15.94% 26.29% 25.0%
Net Earnings -$17.53M -$28.22M $3.239M -$45.61M -$4.877M $4.364M $3.768M $2.455M $2.184M
YoY Change -37.87% -971.04% -107.1% 835.21% -211.76% 15.8% 53.5% 12.41%
Net Earnings / Revenue -606.95% -450.66% 1684.1% -56.66% -20.11% 3.73% 3.88% 6.31%
Basic Earnings Per Share
Diluted Earnings Per Share -$8.50 $53.55K -$1.374M -$217.6K $214.7K $158.4K $103.2K $91.79K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Cash & Short-Term Investments $676.8K $1.170M $7.600K $1.771M $5.591M $1.811M $2.080M $224.9K
YoY Change -42.13% 15290.26% -99.57% -68.33% 208.73% -12.95% 824.79%
Cash & Equivalents $16.27K $17.81K $7.600K $1.533M $3.216M $308.0K $21.53K $51.85K
Short-Term Investments $660.6K $1.152M $237.4K $2.375M $1.503M $2.059M $173.1K
Other Short-Term Assets $2.428M $162.5K $2.244M $7.784M $213.6K $328.9K $511.8K $38.56K
YoY Change 1393.93% -92.76% -71.17% 3544.03% -35.06% -35.73% 1227.28%
Inventory $229.4K $112.6K $2.730K $282.5K $1.139M
Prepaid Expenses
Receivables $30.04M $40.57M $39.52M $24.42M $13.16M $4.597M
Other Receivables $0.00 $148.9K $259.3K $2.481M $6.089M $1.644M
Total Short-Term Assets $3.573M $5.753M $32.52M $50.28M $45.70M $29.04M $22.13M $7.643M
YoY Change -37.89% -82.31% -35.31% 10.02% 57.34% 31.27% 189.49%
Property, Plant & Equipment $7.373M $8.026M $2.415M $6.182M $4.549M $3.962M $4.293M $4.901M
YoY Change -8.13% 232.29% -60.93% 35.89% 14.81% -7.7% -12.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.390M $3.000M $6.019M $579.5K
YoY Change -20.34% -50.15% 938.67%
Other Assets $18.18M $5.625M $1.228M $508.3K $220.2K $93.32K $50.30K
YoY Change 223.11% 358.0% 141.65% 130.8% 135.98% 85.53%
Total Long-Term Assets $9.763M $29.20M $8.354M $13.07M $5.652M $4.685M $4.889M $7.771M
YoY Change -66.57% 249.55% -36.1% 131.29% 20.65% -4.18% -37.08%
Total Assets $13.34M $34.95M $40.88M $63.35M $51.35M $33.73M $27.02M $15.41M
YoY Change
Accounts Payable $999.0K $300.0K $9.966M $7.510M $8.872M $2.941M $2.808M $391.1K
YoY Change 233.02% -96.99% 32.7% -15.35% 201.66% 4.75% 617.84%
Accrued Expenses $49.17K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $819.0K $0.00 $2.082M $9.128M $4.844M $9.438M $10.92M $5.343M
YoY Change -100.0% -77.19% 88.45% -48.68% -13.54% 104.3%
Long-Term Debt Due $770.5K $0.00 $5.791M $3.075M $958.8K $5.480K
YoY Change -100.0% 88.3% 17396.17%
Total Short-Term Liabilities $2.588M $300.0K $38.70M $32.74M $22.83M $16.91M $16.88M $6.908M
YoY Change 762.9% -99.22% 18.21% 43.4% 34.96% 0.18% 144.43%
Long-Term Debt $486.3K $0.00 $0.00 $2.788M $3.997M $981.5K $0.00 $978.3K
YoY Change -100.0% -30.25% 307.26% -100.0%
Other Long-Term Liabilities $0.00 $3.799M $998.8K
YoY Change -100.0% 280.3%
Total Long-Term Liabilities $486.3K $0.00 $3.799M $3.787M $3.997M $981.5K $0.00 $978.3K
YoY Change -100.0% 0.3% -5.26% 307.26% -100.0%
Total Liabilities $3.075M $300.0K $44.10M $39.54M $26.83M $17.90M $16.88M $7.886M
YoY Change 925.02% -99.32% 11.52% 47.4% 49.9% 5.99% 114.11%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Basic Shares Outstanding 5.242M 3.319M 60.49M 33.19M 22.42M
Diluted Shares Outstanding 5.242M 3.315M 60.49M 33.19M 22.42M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $11.13 Million

About BIT ORIGIN Ltd

Bit Origin Ltd. operates as an emerging growth company which engages in crypto mining business. The company employs 9 full-time employees The company went IPO on 2019-08-14. The firm specializes in computers, known as miners, to generate Bitcoins, a digital asset (also known as a cryptocurrency). The company is focused on existing layouts and mining sites in the United States, and other types of expansion and exploration have been suspended. The firm does not have miners for cryptocurrencies other than Bitcoin. SonicHash US owns approximately 4,250 Bitcoin miners, including 2,638 units of Koi C16 and 1,612 units of Bitmain Antminer S19j pro. SonicHash US has 3,200 miners, representing a hash power of 304.8 petahash per second (PH/s), deployed in a mining facility in Cheyenne, Wyoming, and has delivered 1,050 miners, representing a hash power of 99.1 PH/s, to the same mining facility in Cheyenne, Wyoming. The firm does not have any cryptocurrency operations in China. Its subsidiaries also include SonicHash Inc, and SonicHash Pte. Ltd.

Industry: Finance Services Peers: Blue Star Foods Corp. Planet Green Holdings Corp. BARFRESH FOOD GROUP INC. Better Choice Co Inc. Marygold Companies, Inc. Mondelez International, Inc. Laird Superfood, Inc. Mama's Creations, Inc. Rocky Mountain Chocolate Factory, Inc.