BIGG Digital Assets ( (TSE:BIGG) ) has shared an update.
BIGG Digital Assets Inc. reported its fiscal 2024 financial results, showcasing a significant increase in gross operating revenue to $12.43 million, driven primarily by Netcoins’ 112% revenue growth. Despite an overall net loss of $25.8 million, largely due to a tax liability provision and goodwill impairment, the company remains optimistic about future revenue generation, particularly with the launch of TerraZero’s Intraverse platform. The company’s financial position is bolstered by cash and crypto holdings of approximately $25.1 million and no debt, positioning it well for future growth in the digital assets industry.
More about BIGG Digital Assets
BIGG Digital Assets Inc. is a leading innovator in the digital assets space, owning subsidiaries such as Netcoins, Blockchain Intelligence Group, and TerraZero. The company focuses on providing digital asset services and solutions, with a market emphasis on cryptocurrency trading and blockchain intelligence.
YTD Price Performance: -42.31%
Average Trading Volume: 190,291
Technical Sentiment Signal: Buy
Current Market Cap: $26.13M
Learn more about BIGG stock on TipRanks’ Stock Analysis page.