BTCS Inc (OQ:BTCS)

Sector:  Industrials Industry:  Business Support Services
 
See Regulatory Filings on SEC
Company Contact
Address: 9466 GEORGIA AVENUE #124
SILVER SPRING MD 20910
Tel: N/A
Website: https://www.btcs.com/#merger-modal
IR: See website
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Key People
Charles W. Allen
Chairman of the Board, Chief Executive Officer
Michael Prevoznik
Chief Financial Officer
Michal Handerhan
Chief Operating Officer, Secretary, Director
Manish Paranjape
Chief Technology Officer
   
Business Overview
BTCS Inc. is primarily engaged in operating in the blockchain technology sector with primary focus on proof-of-stake blockchain infrastructure. The Company secures and operates validator nodes on blockchain networks that power Web 3, earning native token rewards by staking its proof-of-stake (PoS) crypto assets, with an emphasis on Ethereum. Its StakeSeeker platform enables crypto holders with an analytics-focused cryptocurrency dashboard. It also offers a non-custodial Staking-as-a-Service solution, enabling users to earn staking rewards, while the Company earns a percentage of token holders rewards, creating the potential for scalable revenue with limited additional costs. It also operates Builder+, an Ethereum block builder. This technology leverages advanced algorithms to maximize profit through optimized block construction. Builder+ creates opportunities for new scalable revenue streams by being utilized by third-party nodes.
Financial Overview
For the fiscal year ended 31 December 2023, BTCS Inc revenues decreased 21% to $1.3M. Net income totaled $7.8M vs. loss of $15.9M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Compensation and related expenses decrease of 36% to $2.1M (expense), Marketing decrease of 85% to $12K (expense), General and administrative decrease of 3% to $1.9M (expense).
Employees: 5 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $23.86M as of Dec 31, 2023
Annual revenue (TTM): $1.34M as of Dec 31, 2023
EBITDA (TTM): -$3.71M as of Dec 31, 2023
Net annual income (TTM): $7.82M as of Dec 31, 2023
Free cash flow (TTM): -$5.37M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 15,691,209 as of Mar 19, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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