GEMI Q2 2024 Earnings Report — Gemini Space Station, Inc. Class A Common Stock Revenue & Financial Results | Market Cap Arena

Gemini Space Station, Inc. Class A Common StockGEMI

Q2 2024 Earnings

Reported June 29, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2024	Q1 2024	Q2 2023	QoQ Change	YoY Change
Revenue	$37M	—	—	—	—
Op. Income	-$42M	—	—	—	—
Gross Margin	9.2%	—	—	—	—
Net Margin	-55.7%	—	—	—	—
EPS (Diluted)	$-0.13	—	—	—	—
Free Cash Flow	-$48M	—	—	—	—

Income Statement

Item	Amount
REVENUE	$37M
Cost of Revenue	$34M
GROSS PROFIT	$3M
R&D Expenses	$16M
Selling & Marketing	$4M
General & Administrative	$30M
SG&A Expenses	$34M
Other Expenses	-$4M
Operating Expenses	$46M
Cost & Expenses	$80M
OPERATING INCOME	-$42M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$24M
INCOME BEFORE TAX	-$19M
Income Tax Expense	$2M
Net Income from Continuing Ops	-$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$21M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$21M
D&A	$8M
EBIT	-$42M
EBITDA	-$34M
EPS	-$0
EPS Diluted	-$0

Cash Flow Statement

Item	Amount
Net Income	-$21M
Depreciation & Amortization	$8M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	-$28M
Change in Working Capital	-$8M
OPERATING CASH FLOW	-$48M
Capital Expenditure	-$213.0K
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$40M
NET CASH FROM INVESTING	$39M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$78M
NET CASH FROM FINANCING	$78M
FREE CASH FLOW	-$48M
Net Change in Cash	$587M