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Intchains Group Ltd. ADR (ICG)
NASDAQ:ICG
RESEARCH TOOLSreports
Earnings Data
Report Date
May 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.07Last Year’s EPS
-0.02Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -52.22%
|Next Earnings Date:May 21, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue and income growth, driven by demand for new mining products and favorable cryptocurrency price movements. However, there were concerns about market pressure and a slight decline in gross margin.Company Guidance
During Intchains' fourth quarter 2024 earnings call, Chief Financial Officer Chaowei Yan provided a comprehensive overview of the company's financial performance and strategic initiatives. The company reported a remarkable 109% year-over-year increase in revenue, reaching $10.2 million, driven by a rejuvenated cryptocurrency market, particularly Ethereum and Dogecoin. The non-GAAP adjusted net income rose by 54% to $2 million, with Ethereum holdings increasing by 37% quarter-on-quarter to 5,702 units. Looking ahead, Intchains anticipates continued growth with the launch of new products like the Aleo series mining product and a hardware wallet. The company expects first-quarter 2025 revenue to be between RMB 100 million and RMB 120 million, with the first half of 2025 projected revenue ranging from RMB 200 million to RMB 250 million. Intchains remains optimistic about its strategic focus on Ethereum accumulation and the development of its mining products, despite the broader market pressures.Revenue Growth
Achieved revenue of $10.2 million in Q4 2024, marking a 109% year-over-year increase.
Net Income Increase
Non-GAAP adjusted net income rose by 54% to $2 million in Q4 2024.
Ethereum Holdings Growth
Ethereum-based cryptocurrency holdings increased by 37% quarter-on-quarter to 5,702 units.
Aleo Series Mining Product Launch
Launched the Aleo series mining product in February 2025, expected to drive performance in the first half of the year.
Strong Demand for Dogecoin and Aleo Mining Machines
Significant demand for Dogecoin and Aleo mining machines, contributing to revenue and market leadership.
Cryptocurrency Price Gains
Gained $4 million in fair value of cryptocurrency in Q4 2024, aided by a 31.5% increase in Ethereum price.
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ICG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ICG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $3.83 | $3.95 | +3.13% |
| Nov 20, 2024 | $4.32 | $4.13 | -4.40% |
| Aug 15, 2024 | $5.74 | $6.00 | +4.53% |
| May 16, 2024 | $8.38 | $8.06 | -3.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Intchains Group Ltd. ADR (ICG) report earnings?
Intchains Group Ltd. ADR (ICG) is schdueled to report earning on May 21, 2025, TBA Not Confirmed.
What is Intchains Group Ltd. ADR (ICG) earnings time?
Intchains Group Ltd. ADR (ICG) earnings time is at May 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ICG EPS forecast?
ICG EPS forecast for the fiscal quarter 2025 (Q1) is 0.07.
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