Cleanspark Intrinsic Stock Value – CleanSpark Beats Expectations, Posts GAAP EPS of -$0.23 and Revenue of $42.5M
May 12, 2023
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CLEANSPARK ($NASDAQ:CLSK): The company reported a GAAP EPS of -$0.23, which was $0.10 better than the anticipated figure. CleanSpark’s revenue for the quarter was reported at $42.5M, surpassing estimates of $0.68M. The strong results demonstrate the success of CleanSpark’s business strategies and the continued demand for its services and products. The company focuses on delivering advanced energy solutions, such as microgrid solutions and energy management software, as well as blockchain solutions.
CleanSpark’s solutions are designed to bring greater energy independence and efficiency to customers, while also helping them reduce their electricity costs. Investors in CleanSpark have been rewarded by the company’s strong performance and positive outlook. With CleanSpark continuing to beat estimates and delivering strong results, investors can look forward to continued growth in the future.
Market Price
The company reported a GAAP EPS of -$0.23 and revenue of $42.5M, marking a 14.8% increase from its previous closing price of $4.3. With these results, CleanSpark‘s stock opened at $4.4 and closed at $4.9, soaring by 14.8%. These strong results are indicative of the company’s financial health and its ability to increase revenue despite the challenging economic environment. CleanSpark’s impressive performance is a testament to its strong management team and their ability to navigate these turbulent times.
The company’s impressive quarter has investors excited about the future of CleanSpark and its potential to continue outperforming expectations. With the successful quarter behind them, CleanSpark is now looking forward to continuing their positive momentum and delivering further growth in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cleanspark. CleanSpark_Beats_Expectations_Posts_GAAP_EPS_of_-0.23_and_Revenue_of_42.5M”>More…
| Total Revenues | Net Income | Net Margin |
| 122.22 | -100.86 | -47.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cleanspark. CleanSpark_Beats_Expectations_Posts_GAAP_EPS_of_-0.23_and_Revenue_of_42.5M”>More…
| Operations | Investing | Financing |
| 63.56 | -173.47 | 106.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cleanspark. CleanSpark_Beats_Expectations_Posts_GAAP_EPS_of_-0.23_and_Revenue_of_42.5M”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 486.79 | 59.75 | 5.72 |
Key Ratios Snapshot
Some of the financial key ratios for Cleanspark are shown below. CleanSpark_Beats_Expectations_Posts_GAAP_EPS_of_-0.23_and_Revenue_of_42.5M”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 185.6% | – | -69.0% |
| FCF Margin | ROE | ROA |
| -88.9% | -12.7% | -10.8% |
Analysis – Cleanspark Intrinsic Stock Value
Here at GoodWhale, we recently conducted an analysis of CLEANSPARK‘s wellbeing. After carefully reviewing the company’s financials, we determined that the intrinsic value of CLEANSPARK shares is approximately $16.0. This figure was calculated using our proprietary Valuation Line, which takes into account a range of factors such as debt, earnings, and market sentiment. Currently, CLEANSPARK shares are trading at $4.9. As such, we believe that the stock is currently undervalued by 69.3%. This creates an attractive buying opportunity for investors looking to take advantage of a bargain. We recommend that investors take this opportunity to purchase the stock in order to realize significant potential gains in the future. More…
Peers
Clearspark Inc is a leading provider of blockchain technology solutions. The company has a strong focus on research and development and is constantly innovating to stay ahead of the competition. Its main competitors are Riot Blockchain Inc, Energy One Ltd, and Solteq Oyj. All three companies are leaders in the blockchain technology space and are constantly innovating to stay ahead of the competition.
– Riot Blockchain Inc ($NASDAQ:RIOT)
Riot Blockchain Inc is a company that focuses on blockchain technology. They are one of the leading companies in the industry and have a market cap of 1.01B. They have a return on equity of -17.02%. The company has a strong focus on research and development and are constantly innovating their products. They have a team of experts that are dedicated to providing the best possible service to their clients.
– Energy One Ltd ($ASX:EOL)
Energy One Ltd is a renewable energy company that focuses on the development, construction, and operation of solar and wind farms. The company has a market cap of 133.62M as of 2022 and a ROE of 11.64%. Energy One Ltd is headquartered in Brisbane, Australia.
– Solteq Oyj ($LTS:0G5H)
Solteq Oyj is a Finnish technology company that provides digitalization solutions and services. The company operates in three business areas: Digital Solutions, Managed Services, and Cloud Services. Solteq’s main customers are medium-sized and large companies in various industries. The company has a market cap of 23.86M as of 2022 and a Return on Equity of 9.04%.
Summary
CleanSpark is a publicly traded company that released their GAAP Earnings Per Share (EPS) for the quarter, which was -$0.23 and beat analyst estimates by $0.10. Revenue for the quarter was $42.5M and beat analyst estimates by $0.68M. On the day of the release, the stock price moved up, indicating positive investor sentiment towards the company.
Analysts are optimistic that CleanSpark has potential to benefit from the current trends in the industry and can generate returns for shareholders in the future. Investors should consider CleanSpark as a potential long-term investment opportunity given their strong quarterly results and outlook.
