Commentary on MicroStrategy Q2’22 Earnings
Quick Take
- Michael Saylor to step down as CEO of MicroStrategy and assume role of Executive Chairman, while Phong Le, current President & CFO, will become CEO and President effective August 8, 2022
- MicroStrategy closed August 2, 2022, at $278.26 / share but traded down to $273.87 / share in after hours trading
- +16% rally in August 3, 2022 intra-day trading as of this writing
- Reported Q2’22 sales of $122mm and EPS of ($94.01) missing consensus of $123mm and ($1.23), respectively
- Bitcoin holdings hampered by 2022 digital asset winter and market turmoil
- Disclaimer: This is a market commentary research piece and includes opinionated views from our research team. Nothing contained in this piece constitutes a solicitation, recommendation, endorsement, or offer by The Block Research.
This research piece is available exclusively to
members of The Block Research.
You can continue reading
this Research content on The Block Research.
Go to Source
Author: Greg Lim
