secwatch.observer — SEC 8-K summary
======================================

Issuer:     Bitcoin Depot Inc. (BTM)
CIK:        0001901799
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0000950170-24-059106
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bitcoin Depot Q1 revenue $138.5M (-15% YoY), net loss $4.2M vs net income $6.1M
-------------------------------------------------------------------------------

- Revenue $138.5M, down 15% YoY; gross profit $14.4M (10.4% margin vs 11.9%).
- Net loss $4.2M vs net income $6.1M in Q1 2023; Adjusted EBITDA $4.9M vs $13.6M.
- Operating expenses rose to $16.6M from $13.6M YoY.
- Signed 2,000+ new retail locations; committed to acquire ~3,200 kiosks YTD; target 8,000 by end-2024.
- Expanding into Puerto Rico and Australia for non-North American presence.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1901799/000095017024059106/0000950170-24-059106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1901799/000095017024059106/btm-20240514.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-059106

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer