Bitcoin Depot reports FY2023 revenue up 7% to $689M; Adj. EBITDA +37% to $56M; Q1 guidance provided

Bitcoin Depot Inc.

FY2023 revenue $689M (+7% YoY); net income $1.6M (down 54%); Adjusted EBITDA $56.4M (+37%).
Q4 2023 revenue $148.4M (-1% YoY); net loss $1.5M vs $0.5M loss; Adj. EBITDA $9.0M (down from $11.4M).
Gross profit margin improved to 12.8% in FY2023 from 8.3% in FY2022.
Provided Q1 2024 guidance for revenue and Adjusted EBITDA; targets over 8,000 kiosks by end-2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Bitcoin Depot Inc. reported the year ended December 31, 2023 results: revenue $689.0 million, net income $1.6 million.

Period: the year ended December 31, 2023
Revenue: $689.0 million
Net income: $1.6 million
Result: reported results

Exact text from the filing

by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Bitcoin Depot Reports Fourth Quarter and Full Year 2023 Financial Results FY 2023 Record Revenue of $689 Million, Up 7% Year-over-Year FY 2023 Net Income of $1.6 Million, Down 54% Year-over-Year FY 2023 Record Adjusted EBITDA (non-GAAP) of $56 Million, Up 37% Year-over-Year Strengthens

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Source: SEC EDGAR

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