The earnings call reflects a mixed sentiment. While Semler Scientific has shown progress in its Bitcoin strategy and product expansion, the company faces challenges with declining revenues and high customer concentration risks.
Company Guidance
During Semler Scientific's Q3 2024 earnings call, the company provided guidance on its strategic initiatives and financial performance. Total revenues for the quarter were reported at $13.5 million, reflecting a 17% decrease compared to Q3 2023. The company emphasized its Bitcoin treasury strategy, noting $71 million in Bitcoin purchases to date, with plans to acquire more using operating cash flow and proceeds from an ATM program. Semler's Bitcoin holdings stood at 1,058 Bitcoins as of November 5, 2024. Operating expenses were $8.4 million, down 16% year-over-year, resulting in an income from operations of $5.1 million. The net income was $5.6 million, or $0.80 per basic share. The company is also pursuing a 510(k) clearance for an extension to its core product, QuantaFlo, with expectations for approval in the first half of 2025.
Bitcoin Treasury Strategy Progress
Semler Scientific has accumulated 1,058 Bitcoins as of November 5, 2024, viewing $71 million of Bitcoin purchases as highly accretive to equity. The company expressed confidence in the investment upside of Bitcoin.
QuantaFlo Product Expansion
The company is seeking a new 510(k) clearance for an extension to its QuantaFlo product, aiming for approval in the first half of 2025. QuantaFlo continues to generate recurring revenue from a large underpenetrated market.
Bitcoin Yield Performance
Semler reported a high teens positive Bitcoin yield in Q3, driven by a 16% increase in total Bitcoin holdings while maintaining flat diluted shares outstanding.
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Semler Scientific (SMLR) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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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SMLR Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 04, 2024
$29.97
$39.00
+30.13%
Aug 05, 2024
$26.32
$27.52
+4.56%
May 07, 2024
$28.15
$21.03
-25.29%
Mar 05, 2024
$39.55
$32.87
-16.89%
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 Semler Scientific (SMLR) report earnings?
Semler Scientific (SMLR) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Semler Scientific (SMLR) earnings time?
Semler Scientific (SMLR) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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