NILE - BitNile sees Q1 prelim revenue growth of 142%

BitNile (NYSE:NILE) sees Q1 prelim revenue of ~$32M (+142% Y/Y) while income from operations will be seen at ~$1M compared to $1.2M in prior year quarter. Analysts consensus estimates for revenue stands at $6.23M. Stock-based compensation expense, included in income from operations, of ~$2.6M and $20K for the current and prior year quarter. Interest expense of ~$29M leading from the issuance of $66M of secured promissory notes in December 2021, which were fully paid in March 2022. Net loss is estimated at ~$29M compared to net income of $2M in prior year quarter. "We reaffirm our expectation to almost triple our top-line results in 2022 from 2021, growing revenue to more than $155M in 2022," Executive Chairm Shares trading 2.2% down premarket.

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BitNile sees Q1 prelim revenue growth of 142%