Core Insights - Bitcoin Depot Inc. reported preliminary financial results for Q4 2024, indicating a strong performance with expected revenue between 137 million, slightly down from 135.3 million in Q3 2024 [2][3] - The company anticipates adjusted EBITDA to be between 13 million, representing a year-over-year increase of 22% to 44% compared to 9.2 million in Q3 2024 [2][3] - CEO Brandon Mintz highlighted the expansion of the Bitcoin ATM (BTM) network and improvements in kiosk profitability as key factors contributing to the company's strong performance and positive outlook for 2025 [3] Financial Performance - Expected revenue for Q4 2024 is projected to be between 137 million, compared to 148.4 million in Q4 2023 [2] - Adjusted EBITDA is expected to range from 13 million, marking a 22% to 44% increase year-over-year from Q4 2023 and a 19% to 41% increase sequentially from Q3 2024 [2] Company Overview - Bitcoin Depot, founded in 2016, operates the largest network of Bitcoin ATMs in North America, with approximately 8,400 kiosks as of December 31, 2024 [4] - The company aims to facilitate cash-to-Bitcoin conversions, providing users with access to the digital financial system across 48 states and thousands of retail locations [4]
Bitcoin Depot Reports Strong Preliminary Fourth Quarter 2024 Results