Cleanspark Stock Fair Value – CleanSpark Reports Misses on EPS and Revenue Estimates for Q4

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CLEANSPARK ($NASDAQ:CLSK): CleanSpark Inc., a software company specializing in clean energy solutions, reported its fourth-quarter earnings on Thursday and came in short of both revenue and Earnings Per Share (EPS) estimates. The company reported a GAAP EPS of -$1.29, which was short of the expected figure by $0.52, and revenue of $168.4M, which was lower than the predicted amount by $1.37M. The miss on both EPS and revenue estimates is likely to cause some concern for investors in CleanSpark. The stock had been trending upwards on the back of its robust energy solutions offerings, but this report may give investors pause. Investors may be particularly concerned about the miss on the EPS estimate, as it could be an indication of the company’s inability to turn a profit in the near future.

It remains to be seen how investors will react to the news of CleanSpark’s earnings miss. It could lead to a further decline in the stock price as investors take profits, or it could be a short-term blip on the radar and the stock could recover. Regardless, CleanSpark will need to prove that it can meet its earnings expectations in order to remain competitive in the energy solutions industry.

Earnings

CLEANSPARK recently reported their financials for the fourth quarter of the FY2023, and the results were below expectations. According to the earnings report as of June 30 2021, CLEANSPARK earned 11.92M USD in total revenue, and posted a net income loss of 16.68M USD. Comparing this to the same time period from the previous year, total revenue has seen a 61.6% decrease. This gives hope that the company may be able to bounce back from this recent setback.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Cleanspark. CleanSpark_Reports_Misses_on_EPS_and_Revenue_Estimates_for_Q4″>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Cleanspark. CleanSpark_Reports_Misses_on_EPS_and_Revenue_Estimates_for_Q4″>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Cleanspark. CleanSpark_Reports_Misses_on_EPS_and_Revenue_Estimates_for_Q4″>More…

Key Ratios Snapshot

Some of the financial key ratios for Cleanspark are shown below. CleanSpark_Reports_Misses_on_EPS_and_Revenue_Estimates_for_Q4″>More…

Stock Price

The company’s stock opened at $6.6 and closed at $6.2, which was a 5.3% drop from its previous closing price of $6.6. This caused a significant decrease in investor confidence, as the company did not meet expectations of its financial performance. Many analysts have expressed their concerns about the future of CLEANSPARK’s stock, given the current market conditions.

As such, investors will need to closely monitor the company’s progress and performance to ensure their best interests are maintained in the long-term. It remains to be seen how CLEANSPARK will handle the current market climate and whether or not it will be able to recover from this disappointing report. CleanSpark_Reports_Misses_on_EPS_and_Revenue_Estimates_for_Q4″>Live Quote…

Analysis – Cleanspark Stock Fair Value

At GoodWhale, we conducted an analysis of CLEANSPARK’s wellbeing and it revealed some interesting insights. Our proprietary Valuation Line suggested that the fair value of a CLEANSPARK share is around $7.7. However, at the moment it is being traded at $6.2 – which is a fair price, but one that is currently undervalued by 19.2%. This implies that investors can benefit from this period of undervaluation. CleanSpark_Reports_Misses_on_EPS_and_Revenue_Estimates_for_Q4″>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 develops distributed energy resources (DER) software, such as microgrid and energy storage systems. This resulted in a miss of $0.52 EPS. Furthermore, CleanSpark reported total revenue of $168.4M, which was $1.37M lower than the consensus analyst expectation. This resulted in a miss of $1.37M in terms of revenue.

As expected, the stock price moved down the day of the announcement. It is therefore important for potential investors to carefully consider CleanSpark’s financial results and outlook before making any investment decision. Analyzing CleanSpark’s past performance, current trends in the industry, and the competitive landscape are necessary to ensure an informed investment decision.