MicroStrategy Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
August 01, 2024 at 09:04 pm
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MicroStrategy Incorporated reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported revenue was USD 111.44 million compared to USD 120.4 million a year ago. Net loss was USD 102.56 million compared to net income of USD 22.24 million a year ago. Basic loss per share from continuing operations was USD 0.574 compared to basic earnings per share from continuing operations of USD 0.168 a year ago. Diluted loss per share from continuing operations was USD 0.574 compared to diluted earnings per share from continuing operations of USD 0.152 a year ago.
For the six months, revenue was USD 226.69 million compared to USD 242.32 million a year ago. Net loss was USD 155.68 million compared to net income of USD 483.44 million a year ago. Basic loss per share from continuing operations was USD 0.888 compared to basic earnings per share from continuing operations of USD 4.118 a year ago. Diluted loss per share from continuing operations was USD 0.888 compared to diluted earnings per share from continuing operations of USD 3.356 a year ago.
MicroStrategy Incorporated is a bitcoin development company. It is engaged in the development of the bitcoin network through its activities in the financial markets, advocacy and technology. It designs, develops, markets and sales its software platform through licensing arrangements and cloud subscriptions and related services. It provides artificial intelligence-powered business intelligence, and enterprise analytics solutions. It offers software and services designed to turn complex, chaotic data environments into rich, reliable, and convenient information feeds for its customers. Its cloud-native flagship, MicroStrategy ONE, powers some of the analytics deployments in the world for customers spanning a range of industries, including retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications and the public sector. MicroStrategy ONE provides non-technical users with the ability to directly access novel and actionable insights for decision-making.
MICROSTRATEGY INCORPORATED 
