Stock Analysis

Profitability did not keep pace. Adjusted EBITDA fell 11.8 per cent to US$19.0 million from US$21.5 million, a margin of 13.3 per cent. Profit for the period was US$5.8 million against US$9.7 million, and adjusted profit was US$8.7 million.Diluted Earnings per Sharewere US$0.05, compared …

He said annualRecurring Revenue(ARR) came in below the company's expectations, citing longer sales cycles and less expansion from conversions to its Inseyets product than anticipated. Shareholders approved his compensation package at theAnnual General Meetingon 24 September 2026.

Gross profit increased 15 per cent to $30.2 million from $26.3 million.Operating Incomewas $7.4 million, down from $8.0 million, so profit growth lagged sales growth. The improvement inGross Profittherefore did not carry through to operating income. Net income was $5.5 million, or $0.30 per …

The company also gave an initial 2027 outlook, which is a forecast rather than a result: revenue of US$40.0 billion, up 90%, adjusted earnings per share of US$21.50 and an adjusted operating margin of 9.0%.Capital Expenditureis expected to be between US$1.5 billion and US$2.0 …

Adjusted EBITDA, a non-GAAP measure, was negative $113.0 million, against positive $377.7 million a year before. The operating loss was $232.4 million and included a $116.3 million loss on theFair Valueof bitcoin. For the nine months, adjusted EBITDA was negative $649.6 million, compared with …

Revenue was $3,335 million, up 17 per cent from $2,844 million a year earlier. Organic growth was 3 per cent, or 1 per cent after adjusting for foreign exchange. Much of the headline increase therefore came from acquisitions and currency movements rather than from …

The headline GAAP figures were heavily affected by a $1,050.0 million non-cash goodwill impairment. That produced a GAAP operating loss of $910.3 million, aMarginof negative 37.1 per cent, a net loss of $988.1 million and GAAPDiluted Earnings per Shareof negative $16.24.