Financial Performance - Full year 2023 revenue increased by 7% to $689.0 million compared to $646.8 million in 2022[16, 40] - Full year 2023 Adjusted Gross Profit increased by 39% to $100.3 million compared to $72.3 million in 2022[21, 39] - Full year 2023 Adjusted EBITDA increased 37% to $56.4 million compared to $41.2 million in 2022[5, 21] - Q4 2023 revenue decreased by 1% to $148.4 million compared to Q4 2022[15, 38] - Q4 2023 Adjusted EBITDA decreased by 21% compared to Q4 2022, reaching $9.0 million[16] - Q4 Adjusted gross profit margin improved by 9% year-over-year[21] - 2023 Net income was $1.6 million, down 54% year-over-year[16] Operational Metrics - The company had 6,339 kiosk locations as of the end of Q4 2023, compared to 6,530 at the end of 2022, representing a 3% decrease due to kiosk optimization[16, 42] - The company has partnerships with 35 major national and regional retailers[16] - Q4 2023 transaction volume reached $148 million[7, 33] - The company has 5,681 BDCheckout locations[9] Balance Sheet - Total assets decreased from $93.4 million at the end of 2022 to $76.2 million at the end of Q4 2023, representing an 18% decrease[27, 67] - Cash and cash equivalents decreased by 30% from $37.5 million at the end of 2022 to $26.4 million at the end of Q4 2023[44, 80]
Bitcoin Depot (BTM) - 2023 Q4 - Earnings Call Presentation