OTCPK:BLQC - Post Discussion
Post by
AveragePenny on Sep 29, 2022 10:31am
BlockQuarry Provides Q3 Corporate Update & Q2 Financial
“We had a fantastic 2021, but we believe 2022 is on pace to significantly raise the bar,” said Alonzo Pierce, President and Chair of BlockQuarry. “Our hosting revenue this year has already surpassed what we produced from that segment for the whole year in 2021. Moreover, due to our market positioning and signed agreements with major partners, 2022 appears set to be our best year ever on both the top and bottom line, with Q3 on pace to show strong growth on both a sequential and year-over-year basis, and we are excited to further bolster our positioning and performance trajectory into year end.”
Management believes the Company is on pace for top-line sequential quarterly growth during the three months ending Sept. 30, 2022, of roughly 30%.
Highlights for the three months ended June 30, 2022
- Revenue exceeded $1.5 million for Q2, up almost 8,000% YOY.
- Total assets increased to nearly $11 million, up nearly 6,000%.
- Debt reduction from liabilities over $2 million in Q2.
- Shareholder base of over 7,000 shareholders & a float of 47 million shares.
- Low break-even bitcoin mining cost and significant hosting agreements, which allow protection from bitcoin price volatility.
Be the first to comment on this post