MicroStrategy Inc (NASDAQ:MSTR), which announced a rebrand to Strategy on Wednesday, reported fourth-quarter financial results after the market close. Here’s a look at the key details from the quarter.
Q4 Earnings: Strategy reported fourth-quarter revenue of $120.7 million, missing analyst estimates of $123.25 million, according to Benzinga Pro. The Bitcoin (CRYPTO: BTC) treasury company reported a fourth-quarter adjusted loss of $3.20 per share.
Total revenue was down 3% year-over-year. Subscription services revenue came in at $31.9 million, up 48.4% year-over-year. Product licenses and subscription services revenue was up 18.3% year-over-year. Product support revenues fell 10.8% and other services revenue declined 20.8%.
Strategy ended the quarter with $38.1 million in cash and cash equivalents.
“Earlier today, we announced that we are now Strategy, a new name …
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