Business Focus: Transaction & Payment Services

Sector:  Industrials Industry:  Business Support Services
See Regulatory Filings on SEC
Company Contact
Address: 9466 Georgia Ave # 124
Tel: N/A
IR: See website
Key People
Michal Handerhan
Chief Operating Officer, Secretary, Director
Charles W. Allen
Chairman of the Board, Chief Executive Officer, Chief Financial Officer
Business Overview
BTCS Inc., formerly Bitcoin Shop, Inc., is engaged in the business of hosting an online e-commerce marketplace where consumers can purchase merchandise using digital currencies, including bitcoin and with operations in the blockchain and digital currency ecosystems. The Company operates a beta e-commerce marketplace, which accepts a range of digital currencies, have designed a beta secure digital currency storage solution BTCS Wallet. The Company's transaction verification services business (bitcoin mining) enables running application-specific integrated circuit (ASIC) servers. The ASIC servers solve a set of prescribed mathematical calculations in order to add a block to the blockchain and thereby confirm bitcoin transactions. The Company's beta e-commerce marketplace offers approximately 250,000 curated products and utilizes its Intelligent Shopping Engine to find competitive prices on products from over 250 retailers.
Financial Overview
For the six months ended 30 June 2019, BTCS Inc revenues was not reported. Net loss applicable to common stockholders increased 73% to $660K. Higher net loss reflects G/L on Invest HFS, Maturity & Trading decrease from $111K (income) to $0K, General and administrative increase of 13% to $552K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.03 to -$0.05.
Employees: 2 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $2.83M as of Jun 30, 2019
Annual revenue (TTM): $0.00M as of Jun 30, 2019
EBITDA (TTM): -$1.05M as of Jun 30, 2019
Net annual income (TTM): -$1.11M as of Jun 30, 2019
Free cash flow (TTM): -$0.64M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 16,814,728 as of Aug 1, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization