MicroStrategy is set to release its financial results for 4QFY2024 ended Dec 31, 2024 on Feb 5, after the US market closes. Yeap expects revenue of US$124.5 million, flat y-o-y; along with non-GAAP net loss of US$20.5 million, reversing from a US$102.5 million net profit in 4QFY2023.
With quarterly revenue of US$124.5 million ($168.20 million), ongoing losses and declining revenue growth over the past year, MicroStrategy’s US$93 billion market cap appears “significantly detached” from its core business fundamentals, says Yeap Jun Rong, market strategist at online trading provider IG.
The Nasdaq-listed company has substantial Bitcoin holdings and a price-to-sales (P/S) ratio approaching 200 times. This seems to render traditional valuation metrics “largely irrelevant”, Yeap adds in a Jan 27 note.
