BTCS Inc is unlisted and trades over the counter (OTC) under the ticker symbol BTCS. The Common Stock can be traded in the U.S. through the OTC Link venue where best bid and ask prices are quoted. The stocks current status with the OTC is 'OTCQB', meaning it is part of the OTC's second tier and current is in its financial filings. The company files reports in the U.S. with the SEC. The latest quarterly or annual report filed was for the period ending Mar 31, 2016 10-Q. The company's fiscal year is January-December.
Business Description
BTCS Inc. operates a beta ecommerce marketplace. It hosts an online ecommerce marketplace where consumers could purchase merchandise using digital currencies, such as bitcoin, litecoin, and dogecoin. The company was formerly known as Bitcoin Shop, Inc. and changed its name to BTCS Inc. in July 2015. BTCS Inc. is headquartered in Arlington, Virginia.
Satellite Company Website
Satellite Company Website
Share Structure
As of Apr 10, 2016, BTCS had 157,480,545 shares outstanding giving BTCS Inc a market cap of $4.09m. The amount of shares authorized by the board, that can be drawn upon for issuance without additional shareholder voting, is 975,000,000. This means that BTCS has issued 16.15% of it's available shares, which is below average for companies of similar size. The number of restricted shares that cannot be bought or sold until certain restrictions have been met is 67,581,737 giving BTCS a float of 89,898,808. This is 57.09% of the shares outstanding, which is below average for similar companies. Company insiders own 14,015,769 shares, meaning they control 8.90% of the company.
Based on reports filed Apr 10, 2016, there were 125 shareholders on record. On 04/06/2010, there was a 8.6 for 1 stock split. Then on 02/05/2014, there was a 1 for 300 stock split. This company currently does not pay any dividends. There is not any significant short interest in this stock. The average amount of basic shares outstanding during the most recently reported year was 89.32% above the average of the last five years. Additionally, BTCS's average amount of basic shares outstanding during the most recently reported quarter was 2.78% above the average of the last five quarters.
Revenues
Annual revenue growth, over the last five years for BTCS has at best been 1,224.62%, and at worst has been -97.63%. On average, growth has been 283.19% with the most recently reported year over year growth coming in at 1,224.62%. Revenues for the trailing twelve months are $666257.00 USD.
Quarterly revenue growth for the last five quarters has been, on average, 80.13% with the most recently reported quarter showing quarter over quarter growth of 28.41%. Last quarters growth compared to the year ago comparable quarter was 428.68%. The best quarterly growth seen in over a year is 283.28, and the worst has been -8.28. Trailing six month sales compared to the previous six month period shows growth of 13.01%.
Earnings
Yearly EPS growth, over the last five years for BTCS Inc has seen a high of 45.45%, and a low of -3,766.67%. On average, EPS growth has been -1,860.61% per year. The most recently reported year over year growth is at 45.45%. EPS for the trailing twelve months is $-0.05 USD.
Quarterly EPS growth for the last five quarters has, on average, been coming in at 0.00%, with the most recently reported quarter showing quarter over quarter growth of 0.00%. Last quarters earnings per share compared to the year ago quarter was a difference of -50.00%. The most amount of quarterly earnings growth seen in over a year is 50.00%, and the least amount has been -100.00%. Trailing six month EPS growth compared to the previous six month period is -33.33%.
Margins
After cost of goods sold, depreciation and amortization, BTCS's most recently reported annual gross margin is -16.34%, compared to the five year average of 21.41%. On average over the last five quarters, gross margin has been 18.17%, with the most recently reported quarter coming in at 42.76%.
EBITDA margin for the most recent year was at -1,559.90% with the five year average at -450.29%. The most recent quarter showed an EBITDA margin of -114.17%, compared to the five quarter average of -1,151.72%.
Operating margin, or EBIT margin was at -1,618.93%. On average over the last five years, BTCS has had operating margins right at -456.81%. On a quarterly basis, the company has seen operating margins most recently of -161.80%, and the average of five quarters is -1,207.53%.
Pre-Tax margin for the most recent year was -1,984.83%, compared to the five year average of -497.06%. For the most recent quarter, BTCS's pre-tax margin was -1,024.06%, with the quarterly average at -1,713.57%.
Net profit margin for last year, which is the bottom-line percentage of cash left over after all expenses are taken out of the revenue, is -1,984.83%. The average of the last five years is -497.06%. BTCS's profit margin for the last quarter was -1,024.06%, with the quarterly average at -1,713.57%.
Balance Sheet
Cash and short term investments growth over the last five years, on average, has been 566.01%. Most recently, it has been 2,204.92%. For the last year, average quarterly cash growth has been 2,004.67%, compared to the most recent quarterly growth of -49.77%.
Cash and short term investments as a percentage of total assets over the last five years, on average, has been 5.90% with the most recent year at 3.85%. During the last four quarters, average cash as a percentage of assets was 6.34%, and was at 10.94% for the most recent quarter.
Accounts receivable growth on average over five years has been -34.29% with the most recent year at 6.21%. For the last four quarters, average accounts receivable growth was 70.32%, and was at 189.37% after the most recent quarter.
Accounts receivable turnover, expressed as the number of days it takes to collect, on average over the last five years has been 22.16 days with the most recent year coming in at 12.28 days. On a quarterly basis, it takes, on average, 21.53 days to collect accounts receivable. For the most recent quarter, it took BTCS 22.28 days.
Total assets growth on average over five years has been 272.09% with the most recent year coming in at 1,080.73%. During the last year, average asset growth was 73.40%, and was -82.31% during the most recent three month period.
Short term debt growth, on average, over the last five years, was 22,755.52% with the most recent year at 22,755.52%. During the last four quarters, average short term debt growth was 980.85%, and was at -1.92% for the most recent quarter to calculate any growth rates.
Average five year long term debt growth was -100.00%, with the most recent year's growth at 0.00%. This company has not reported enough long term debt in the last year to calculate growth rates.
Accounts payable growth over the last five years, on average, has been 25.17%. Most recently, it has been 55.92%. For the last year, average quarterly accounts payable growth has been 24.33%, compared to the most recent quarterly growth of -22.24%.
Total liabilities growth over the last five years has been, on average 540.66% and for the most recent year, 2,163.18%. The last year has brought an average quarterly liabilities growth rate of 32.17%, and was at -10.32% for the most recent period.
Liabilites as a percentage of total assets during the last five years, on average, has been 151.04% with the most recent year coming in at 186.30%. Liabilities as a percentage of assets for BTCS on average over the last four quarters was 363.35%, and was at 944.64% as reported on the most recently reported quarterly report.
Shareholders equity growth over the last five years is, on average, at -9,482.28%. For the most recent year, shareholders equity growth came in at -36,417.63%. For the last 52 weeks BTCS has had an average quarterly shareholders equity growth rate of 44.41%, which included 73.10% from the most recent period.
Retained earnings growth averaged over a five year period is 416.15% including the most recent years growth of 68.16%. The last year has seen an average quarterly retained earnings growth rate of 10.48%, and was at 8.23% for the most recent quarter.
