Semler Scientific Q2 2024 Earnings Report

Estimated Revenue:$13.9M

-11.3% YoY

Estimated EPS:$0.546

2.3% YoY

Key Takeaways

Semler Scientific reported a decrease in revenue by 22% to $14.5 million and a net income of $11 thousand, a significant decrease compared to the previous year, primarily due to a $5.1 million negative change in the fair value of bitcoin holdings. Income from operations was $5.4 million, a decrease of 25%. The company continues to focus on acquiring and holding bitcoin while supporting its healthcare business.

Revenues decreased by 22% to $14.5 million compared to $18.6 million in the same quarter of the previous year.

Income from operations decreased by 25% to $5.4 million compared to $7.2 million in the same quarter of the previous year.

Net income decreased to $11 thousand, a 100% decrease compared to $5.9 million in the same quarter of the previous year, impacted by bitcoin holdings.

Purchased an additional 101 bitcoins for $6.0 million, bringing total holdings to 929 bitcoins at a cost of $63.0 million.

Total Revenue

$14.5M

Previous year: $18.6M