NEWS ER TODAY
Positive
Net income increased 116% to $2.3 million
Operating expenses reduced by 13% to $16.9 million
Expanded Bitcoin ATM network to 8,300 machines
Generated $5.8 million in operational cash flow
Adjusted gross profit margin improved by 160 basis points to 16.6%
Plans to initiate dividend payments in 2025
Net income increased 116% to $2.3 million
Operating expenses reduced by 13% to $16.9 million
Expanded Bitcoin ATM network to 8,300 machines
Generated $5.8 million in operational cash flow
Adjusted gross profit margin improved by 160 basis points to 16.6%
Plans to initiate dividend payments in 2025
Negative
Revenue declined 25% year-over-year to $135.3 million
Adjusted EBITDA decreased 34% to $9.2 million
Negative impact from California legislation affecting operations
Lower operational cash flow compared to Q3 2023 ($5.8M vs $7.0M)
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