News/MicroStrategy Posts Third-Quarter Loss After Revenue Decline

MicroStrategy Posts Third-Quarter Loss After Revenue Decline

Nov 02,2022,18:18

MicroStrategy posted a third-quarter loss after revenue fell despite the cryptocurrency reversing months of declines during the most recent three-month period.

The net loss for the quarter ended Sept. 30 was $27.1 million, or $2.39 a share, compared with $36.1 million, or $3.61, in the year-ago period, the company said in a statement. Co-founder Michael Saylor stepped down in August as chief executive officer to focus on the company’s cryptocurrency strategy.

Source
Disclaimer: This platform includes third party opinions. We do not endorse their accuracy. Digital asset prices can be volatile. Do your own insights. See full terms here
Share
NewsMore
    Loading...