SATO Technologies Reports Profitability and Strengthened Balance Sheet for Fiscal Year 2024
SATO Technologies reported strong financial results for fiscal year 2024, demonstrating resilience despite the Bitcoin Halving event. The company achieved a 51% increase in Net Income to $1.17 million, while Digital Assets Revenue grew 48% to $16.05 million.
Key financial improvements include:
- Operating Income of $2.25 million
- Gross Profit of $3.05 million
- 36% reduction in Total Liabilities to $9.7 million
- 26% increase in Shareholders' Equity to $8.3 million
- Digital Asset Holdings doubled to $4.56 million
The company successfully reduced debt by repaying over $3.3 million in long-term borrowings and maintained profitability post-Bitcoin Halving. SATO is expanding its focus to include AI compute infrastructure and high-performance GPU hosting across Canada and globally, while maintaining commitment to reducing operational costs and expanding sustainable infrastructure.
SATO Technologies ha riportato risultati finanziari solidi per l'anno fiscale 2024, dimostrando resilienza nonostante l'evento del Bitcoin Halving. L'azienda ha registrato un aumento del 51% dell'Utile Netto raggiungendo 1,17 milioni di dollari, mentre i ricavi da Asset Digitali sono cresciuti del 48% arrivando a 16,05 milioni di dollari.
I principali miglioramenti finanziari includono:
- Reddito operativo di 2,25 milioni di dollari
- Margine lordo di 3,05 milioni di dollari
- Riduzione del 36% delle Passività Totali, scese a 9,7 milioni di dollari
- Aumento del 26% del Patrimonio Netto a 8,3 milioni di dollari
- Raddoppio delle Detenzioni di Asset Digitali a 4,56 milioni di dollari
L'azienda ha ridotto con successo il debito rimborsando oltre 3,3 milioni di dollari di prestiti a lungo termine e ha mantenuto la redditività dopo il Bitcoin Halving. SATO sta ampliando il proprio focus includendo infrastrutture di calcolo AI e hosting GPU ad alte prestazioni in Canada e a livello globale, mantenendo l'impegno a ridurre i costi operativi e a espandere infrastrutture sostenibili.
SATO Technologies reportó sólidos resultados financieros para el año fiscal 2024, demostrando resiliencia a pesar del evento de Bitcoin Halving. La compañía logró un aumento del 51% en Ingreso Neto alcanzando 1,17 millones de dólares, mientras que los ingresos por Activos Digitales crecieron un 48% hasta 16,05 millones de dólares.
Las principales mejoras financieras incluyen:
- Ingreso operativo de 2,25 millones de dólares
- Utilidad bruta de 3,05 millones de dólares
- Reducción del 36% en Pasivos Totales a 9,7 millones de dólares
- Aumento del 26% en Patrimonio Neto a 8,3 millones de dólares
- Duplicación de las tenencias de Activos Digitales a 4,56 millones de dólares
La compañía redujo exitosamente su deuda pagando más de 3,3 millones de dólares en préstamos a largo plazo y mantuvo la rentabilidad después del Bitcoin Halving. SATO está ampliando su enfoque para incluir infraestructura de computación AI y alojamiento de GPU de alto rendimiento en Canadá y a nivel global, manteniendo el compromiso de reducir costos operativos y expandir infraestructuras sostenibles.
SATO Technologies는 2024 회계연도에 강력한 재무 성과를 보고하며 비트코인 반감기 이벤트에도 불구하고 견고한 회복력을 보여주었습니다. 회사는 순이익이 51% 증가하여 117만 달러를 기록했고, 디지털 자산 수익은 48% 증가하여 1,605만 달러에 달했습니다.
주요 재무 개선 사항은 다음과 같습니다:
- 영업이익 225만 달러
- 총이익 305만 달러
- 총부채 36% 감소하여 970만 달러
- 주주지분 26% 증가하여 830만 달러
- 디지털 자산 보유액 2배 증가하여 456만 달러
회사는 장기 차입금 330만 달러 이상을 상환하며 부채를 성공적으로 줄였고, 비트코인 반감기 이후에도 수익성을 유지했습니다. SATO는 캐나다 및 전 세계적으로 AI 컴퓨팅 인프라와 고성능 GPU 호스팅으로 사업 영역을 확장하는 한편, 운영 비용 절감과 지속 가능한 인프라 확장에 대한 의지를 유지하고 있습니다.
SATO Technologies a annoncé de solides résultats financiers pour l'exercice 2024, démontrant une grande résilience malgré l'événement du Bitcoin Halving. L'entreprise a enregistré une augmentation de 51 % du résultat net à 1,17 million de dollars, tandis que les revenus des actifs numériques ont augmenté de 48 % pour atteindre 16,05 millions de dollars.
Les principales améliorations financières comprennent :
- Résultat d'exploitation de 2,25 millions de dollars
- Marge brute de 3,05 millions de dollars
- Réduction de 36 % du total des passifs à 9,7 millions de dollars
- Augmentation de 26 % des capitaux propres à 8,3 millions de dollars
- Doublement des avoirs en actifs numériques à 4,56 millions de dollars
L'entreprise a réussi à réduire sa dette en remboursant plus de 3,3 millions de dollars d'emprunts à long terme et a maintenu sa rentabilité après le Bitcoin Halving. SATO étend son champ d'action en incluant l'infrastructure de calcul IA et l'hébergement GPU haute performance au Canada et à l'international, tout en restant engagée à réduire les coûts opérationnels et à développer des infrastructures durables.
SATO Technologies meldete starke Finanzergebnisse für das Geschäftsjahr 2024 und zeigte dabei Widerstandsfähigkeit trotz des Bitcoin-Halving-Ereignisses. Das Unternehmen erzielte einen 51%igen Anstieg des Nettogewinns auf 1,17 Millionen US-Dollar, während die Einnahmen aus digitalen Vermögenswerten um 48% auf 16,05 Millionen US-Dollar wuchsen.
Wesentliche finanzielle Verbesserungen umfassen:
- Betriebsergebnis von 2,25 Millionen US-Dollar
- Bruttogewinn von 3,05 Millionen US-Dollar
- 36% Reduzierung der Gesamtverbindlichkeiten auf 9,7 Millionen US-Dollar
- 26% Steigerung des Eigenkapitals auf 8,3 Millionen US-Dollar
- Verdoppelung der digitalen Vermögenswerte auf 4,56 Millionen US-Dollar
Das Unternehmen reduzierte erfolgreich seine Schulden durch Rückzahlung von über 3,3 Millionen US-Dollar langfristiger Darlehen und behielt die Rentabilität nach dem Bitcoin-Halving bei. SATO erweitert seinen Fokus auf KI-Computing-Infrastruktur und Hochleistungs-GPU-Hosting in Kanada und weltweit und bleibt dabei seinem Ziel verpflichtet, Betriebskosten zu senken und nachhaltige Infrastruktur auszubauen.
- Net Income up 51% to $1.17M in 2024
- Digital Assets Revenue grew 48% to $16.05M
- Operating Income increased to $2.25M
- Digital Asset Holdings doubled to $4.56M
- Shareholders' Equity up 26% to $8.3M
- Reduced total liabilities by 36% to $9.7M
- Repaid over $3.3M in long-term borrowings
- Operating Income showed minimal growth (4.6%) despite revenue increase
- Gross Profit of $3.05M with no year-over-year comparison provided
- Still carrying significant debt load of $9.7M despite reduction
Toronto, Ontario--(Newsfile Corp. - April 29, 2025) - SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) (the "Company", or "SATO") a provider of high-density compute infrastructure, today announced its audited financial results for the fiscal year ended December 31, 2024. Despite significant industry shifts, including the Bitcoin Halving event in April, SATO delivered a profitable year and continued to strengthen its balance sheet. Please refer to the Company's Audited Financial Statements and the accompanying Management's Discussion and Analysis for full details and discussion of the results, copies of which have been filed and are available under the Company's profile on SEDAR+ (www.sedarplus.ca) and are available on the Company's website (www.bysato.com).
Key Financial Highlights (FY2024 vs. FY2023)
Net Income increased
51% to$1.17 million , compared to$0.78 million in 2023Digital Assets Revenue grew
48% to$16.05 million (2023:$10.84 million )Operating Income of
$2.25 million (2023:$2.15 million )Gross Profit of
$3.05 million , reflecting consistent mining performanceTotal Liabilities reduced by
36% to$9.7 million (2023:$15.1 million )Shareholders' Equity increased
26% to$8.3 million (2023:$6.6 million )Digital Asset Holdings doubled to
$4.56 million (2023:$2.24 million )
"We are pleased to report another profitable year, with significant improvements in equity, asset quality, and operational efficiency. These results reflect the strength of our team, our infrastructure, and our long-term vision. We're emerging from a transitional year more focused, more efficient, and better positioned to scale into new compute opportunities," said Romain Nouzareth, Chair and CEO of SATO.
Strategic and Operational Highlights
Post-Halving Resilience: Maintained profitability following the April 2024 Bitcoin Halving
Debt Reduction: Repayment of over
$3.3 million in long-term borrowingsTreasury Strength: Digital assets up over
103% , strengthening SATO's Bitcoin reserve position
SATO continues to explore new opportunities in AI compute infrastructure and high-performance GPU hosting in Canada and the rest of the world. The Company remains focused on:
Reducing operational costs
Expanding sustainable, sovereign infrastructure
Enhancing shareholder value through disciplined capital management
SATO Technologies will host a live conference call on Monday May 5th, 2025 at 11:00 AM EST. The call will begin with a live presentation of the operational highlights, our AI/HPC vision including Bitcoin mining, and the financial results for the year 2024, and be followed by a Q&A session. Registration link can be found below, with analysts, media, and investors invited to attend.
Live Conference Call Details:
Date: Monday May 5th, 2025
Time: 11:00 AM Eastern Time
Ask your questions in advance: https://forms.gle/DnV3XBGgr65T8JAZ7
Get the link for the Live Event: https://www.bysato.com/events
A recording of the conference call will be available on our website shortly after the event for those who are unable to attend. We look forward to having you join us for this important update and appreciate your continued support.
On behalf of the board,
Romain Nouzareth, SATO CEO and Chairman
About SATO
SATO, founded in 2017, is a publicly listed company providing efficient computing power. The Company currently operates one data center tailored to provide computing power for Bitcoin Mining, but may look to expand or add additional data centers for computing power for Bitcoin Mining, High Power Computing ("HPC"), Artificial Intelligence ("AI"). The Company is listed on (TSXV: SATO) & (OTCQB: CCPUF). To learn more about SATO, visit www.bysato.com.
For additional information, please contact:
Investor Relations:
invest@bysato.com
Phone: +1 (347) 280 3663
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain forward-looking statements, including statements relating to the future performance of the Company, and other statements that are not historical facts. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250246
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