MSTR Earnings Outlook
SOPA Images/LightRocket via Getty Images
MicroStrategy
MSTR
, the bitcoin investment vehicle attached to a business-software company, is likely to report its first quarterly profit in two years in results expected this afternoon as its business improves and the value of its crypto hoard rises.
Steady progress in its business-analytics division, which is seeking to transition customers to recurring, internet-based subscriptions–known as the software-as-a-service model–from on-premise licensed programs, should give a lift to results, according to Joe Vafi, a managing director at Canaccord Genuity. Although the business is relatively mature, it is “very sticky with good margins,” he adds.
Even though Q4 revenue is expected to fall about 3% to $130 million, according to consensus data compiled by FactSet, the company is on track to report net income of $10.7 million after losing $90 million a year…
