TeraWulf Inc. (WULF) stock is experiencing a pre-market plunge of 5.26% on Friday after the company reported its fiscal year 2024 earnings results, which missed analyst estimates.
According to the earnings reports, TeraWulf posted FY2024 revenue of $140.051 million, missing the consensus estimate of $143.071 million. Additionally, the company reported a GAAP loss per share of $0.21, wider than the expected loss of $0.16 per share.
TeraWulf also reported an adjusted EBITDA of $60.4 million for FY2024, falling short of the estimated $64.9 million. The company's disappointing financial performance has led to the pre-market sell-off in its stock price.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.