NASDAQ$RIOT

Riot Platforms Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Riot reported financial results for the first quarter ended March 31, 2020.

Riot Blockchain reported increased revenues and decreased SG&A expenses excluding stock-based compensation for the quarter ended March 31, 2020, as compared to the same period last year. The company also improved its liquidity position and increased total stockholder’s equity compared to December 31, 2019.

  • Total mining revenue increased 68% to $2.4 million compared to the first quarter of 2019.
  • Mining margin was $955,000 (40.0% of total revenue), compared to a loss of $65,000 in the same period last year.
  • Net loss was $4.3 million, or $(0.15) per share, compared to a net loss of $13.8 million, or $(0.94) per share, in the same period last year.
  • Cash and cryptocurrencies were $19.2 million at March 31, 2020, compared to $11.3 million at December 31, 2019.

Headline financials

Total Revenue

$2.39M

Previous: $1.43M+66.8%
EPS (adj)

-$0.15

Previous: -$0.21+28.6%
Bitcoin Produced

955.0K

Previous: -65.0K+1569.2%
Free Cash Flow

-$4.28M

Previous: -$13.5M+68.4%
Net Income

-$4.28M

Previous: -$13.5M+68.4%
Operating Income

-$4.41M

Previous: -$3.22M-37.0%
Gross Profit

$979K

Previous: -$41.1K+2483.3%
Cash & Equivalents

$19.2M

Previous: $1.02M+1789.7%
Total Assets

$37.1M

Previous: $15.4M+140.0%
Stock-Based Comp

$1.91M

No prior period

Revenue & EPS history

Riot · Revenue · Quarterly

$2.39M

Q1 2020+66.8%vs Q1 2019
Beat estimate in 5 of 11 quarters(45%)
ActualEstimate

Revenue by segment

Riot · $2.4M total across 1 segment · Q1 2020

  • Bitcoin Mining
    $2.4M+71.4%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-1.5%

Avg return

Earnings day

-1.2%

Avg return

5 days after

+9.1%

Avg return

30 days after

35%

14 / 40 earnings

Positive

+37.3%

Q4 2018

Best reaction

-20.3%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.9%+27.3%+69.6%
Q4 2025-4.3%-13.8%-21.7%
Q3 2025-5.6%-10.1%-23.5%
Q1 2025+7.8%+0.9%+3.9%
Q4 2024-6.7%-7.1%-22.2%
Q3 2024-15.0%-17.4%+16.4%
Q2 2024-10.1%-19.9%-27.4%
Q1 2024+1.9%+6.5%-3.7%
Q4 2023-1.7%+11.3%-24.5%
Q3 2023-6.6%-5.9%+35.1%
Q2 2023-12.2%-14.2%-35.9%
Q1 2023-6.4%-3.1%-9.7%
Q4 2022+3.3%+0.5%+62.7%
Q3 2022-7.9%-7.8%-27.1%
Q2 2022-7.7%-27.0%-23.9%
Q1 2022-10.8%+3.9%-28.7%
Q4 2021+23.6%+31.6%+0.4%
Q3 2021-16.5%-18.1%-41.5%
Q2 2021+9.6%+12.4%-16.3%
Q1 2021-1.8%-12.2%+31.4%
Q4 2020+1.0%-10.1%-46.6%
Q3 2020-5.5%+9.0%+142.5%
Q2 2020-4.0%+0.3%-21.8%
Q1 2020-13.5%+12.4%+67.6%
Q4 2019+2.3%-0.8%+56.6%
Q3 2019-1.3%-1.3%-13.7%
Q2 2019+2.8%-6.6%-3.8%
Q1 2019+22.6%+24.2%-25.6%
Q4 2018+37.3%+26.0%+25.4%
Q3 2018-15.5%-15.5%-13.7%
Q2 2018-20.3%-20.0%-43.4%
Q1 2018+5.9%-7.6%-12.9%
Q4 2017-6.0%-9.0%+30.1%
Q3 2017-2.0%+13.5%+221.6%
Q2 2017-1.3%-3.2%+5.3%
Q1 2017-3.3%+0.3%+8.6%
Q4 2016-2.0%-3.5%-7.6%
Q3 2016+0.4%+5.6%+46.4%
Q2 2016+4.1%+1.3%+24.7%
Q1 2016-3.2%
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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