In Q1, Semler Scientific’s revenue dropped by 44% year-over-year to 8.8 million USD. Net losses were 64.7 million USD, a stark contrast to their previous net income of 6.1 million USD in Q1 2024.
Shares closed up over 5% prior to the earnings report but fell 1.91% to 36 USD following the announcement. Overall, Semler’s stock has decreased over 32% this year.
The company purchased 894 Bitcoin in Q1, raising their total to 3,192 BTC, valued at 263.5 million USD. They reported an unrealized gain on Bitcoin of 52 million USD as of May 12.
Leave a Reply