It is interesting to note that Riot Blockchain, Inc. (NASDAQ:RIOT) is active and made a solid movement in the last trading day. Now trading with a market value of 109.87M, the company has a mix of catalysts and obstacles that spring from the nature of its operations. In light of the many issues surrounding this company, we thought it was a good time to take a close look at the numbers in order to form a realistic perspective on the fundamental picture for this stock.Riot Blockchain, Inc. (NASDAQ:RIOT) Fundamentals That Matter
It’s generally a good idea to start with the most fundamental piece of the picture: the balance sheet. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For RIOT, the company currently has 5.26 million of cash on the books, which is offset by 829,608 in current liabilities. The trend over time is important to note. In this case, the company’s debt has been growing. The company also has 49.58 million in total assets, balanced by 6.35 million in total liabilities, which should give you a sense of the viability of the company under any number of imagined business contexts.
Riot Blockchain, Inc. (RIOT) saw -24.55 million in free cash flow last quarter, representing a quarterly net change in cash of -36.39 million. Perhaps most importantly where cash movements are concerned, the company saw about -5.63 million in net operating cash flow.Riot Blockchain, Inc. (NASDAQ:RIOT) Revenue Growth Potential
As far as key trends that demonstrate something of the future investment potential of this stock, we need to take a closer look at the top line, first and foremost. Last quarter, the company saw 925,554 in total revenues. That represents a quarterly year/year change in revenues of 0.00 in sequential terms, the RIOT saw sales decline by 0.00.
But what about the bottom line? After all, that’s what really matters in the end. Riot Blockchain, Inc. (RIOT) is intriguing when broken down to its core data. The cost of selling goods last quarter was 2.51 million, yielding a gross basic income of -1.58 million . For shareholders, given the total diluted outstanding shares of 12.29 million, this means overall earnings per share of -1.33. Note, this compares with a consensus analyst forecast of 0.00 in earnings per share for its next fiscal quarterly report.