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Mar 31, 2020
Riot Q1 2020 Earnings Report
Riot reported financial results for the first quarter ended March 31, 2020.
Key Takeaways
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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