SATO Technologies Reports Results for Q1 2025
SATO Technologies (OTCQB: CCPUF) reported challenging Q1 2025 financial results, posting a net loss of $0.89 million compared to net income of $3.91 million in 2024. Digital assets revenue decreased to $3.0 million from $5.9 million year-over-year, while operating loss was $0.55 million versus operating income of $3.88 million in 2024.
The company faced headwinds from Bitcoin price volatility, increased network difficulty, and scheduled infrastructure maintenance. However, SATO achieved cost reductions, decreasing operating expenses to $2.7 million from $3.2 million and reducing total liabilities by 15% to $8.3 million. The company's digital asset holdings decreased to $2.90 million from $4.56 million, while shareholders' equity declined 13% to $7.3 million.
SATO is expanding into high-performance GPU infrastructure and AI compute, focusing on operational efficiency and sustainable infrastructure development.
SATO Technologies (OTCQB: CCPUF) ha riportato risultati finanziari difficili nel primo trimestre del 2025, registrando una perdita netta di 0,89 milioni di dollari rispetto a un utile netto di 3,91 milioni di dollari nel 2024. I ricavi da asset digitali sono diminuiti a 3,0 milioni di dollari dai 5,9 milioni dell'anno precedente, mentre la perdita operativa è stata di 0,55 milioni di dollari rispetto a un utile operativo di 3,88 milioni di dollari nel 2024.
L'azienda ha affrontato difficoltà dovute alla volatilità del prezzo del Bitcoin, all'aumento della difficoltà di rete e alla manutenzione programmata delle infrastrutture. Tuttavia, SATO ha ottenuto riduzioni dei costi, abbassando le spese operative a 2,7 milioni di dollari dai 3,2 milioni precedenti e riducendo il totale delle passività del 15% a 8,3 milioni di dollari. Le partecipazioni in asset digitali sono scese a 2,90 milioni di dollari da 4,56 milioni, mentre il patrimonio netto degli azionisti è diminuito del 13% a 7,3 milioni di dollari.
SATO sta ampliando la sua attività verso infrastrutture GPU ad alte prestazioni e calcolo AI, concentrandosi sull'efficienza operativa e sullo sviluppo di infrastrutture sostenibili.
SATO Technologies (OTCQB: CCPUF) reportó resultados financieros desafiantes en el primer trimestre de 2025, registrando una pérdida neta de 0,89 millones de dólares en comparación con una ganancia neta de 3,91 millones en 2024. Los ingresos por activos digitales disminuyeron a 3,0 millones de dólares desde 5,9 millones año tras año, mientras que la pérdida operativa fue de 0,55 millones frente a un ingreso operativo de 3,88 millones en 2024.
La compañía enfrentó dificultades debido a la volatilidad del precio de Bitcoin, el aumento de la dificultad de la red y el mantenimiento programado de la infraestructura. Sin embargo, SATO logró reducir costos, disminuyendo los gastos operativos a 2,7 millones desde 3,2 millones y reduciendo las obligaciones totales en un 15% hasta 8,3 millones. Las tenencias de activos digitales de la empresa disminuyeron a 2,90 millones desde 4,56 millones, mientras que el patrimonio neto de los accionistas cayó un 13% hasta 7,3 millones.
SATO está expandiéndose hacia infraestructuras GPU de alto rendimiento y computación de IA, enfocándose en la eficiencia operativa y el desarrollo de infraestructuras sostenibles.
SATO Technologies (OTCQB: CCPUF)는 2025년 1분기 어려운 재무 실적을 보고했으며, 2024년 순이익 391만 달러와 비교해 순손실 89만 달러를 기록했습니다. 디지털 자산 매출은 전년 대비 590만 달러에서 300만 달러로 감소했으며, 영업손실은 2024년 영업이익 388만 달러와 대비해 55만 달러였습니다.
회사는 비트코인 가격 변동성, 네트워크 난이도 증가, 예정된 인프라 유지보수로 인해 어려움을 겪었습니다. 그러나 SATO는 비용 절감을 달성하여 영업비용을 320만 달러에서 270만 달러로 줄였고, 총 부채를 15% 감소시켜 830만 달러로 낮췄습니다. 회사의 디지털 자산 보유액은 456만 달러에서 290만 달러로 줄었으며, 주주 자본은 13% 감소해 730만 달러가 되었습니다.
SATO는 고성능 GPU 인프라 및 AI 컴퓨팅으로 사업을 확장하며, 운영 효율성과 지속 가능한 인프라 개발에 집중하고 있습니다.
SATO Technologies (OTCQB : CCPUF) a annoncé des résultats financiers difficiles pour le premier trimestre 2025, enregistrant une perte nette de 0,89 million de dollars contre un bénéfice net de 3,91 millions en 2024. Les revenus des actifs numériques ont diminué à 3,0 millions de dollars contre 5,9 millions d'une année sur l'autre, tandis que la perte d'exploitation s'est élevée à 0,55 million contre un bénéfice d'exploitation de 3,88 millions en 2024.
L'entreprise a été confrontée à des vents contraires liés à la volatilité du prix du Bitcoin, à l'augmentation de la difficulté du réseau et à la maintenance programmée des infrastructures. Cependant, SATO a réussi à réduire ses coûts, faisant baisser les charges d'exploitation de 3,2 millions à 2,7 millions et réduisant le total des passifs de 15 % à 8,3 millions. Les avoirs en actifs numériques de la société ont diminué à 2,90 millions contre 4,56 millions, tandis que les capitaux propres des actionnaires ont chuté de 13 % à 7,3 millions.
SATO étend ses activités aux infrastructures GPU haute performance et au calcul IA, en mettant l'accent sur l'efficacité opérationnelle et le développement d'infrastructures durables.
SATO Technologies (OTCQB: CCPUF) meldete herausfordernde Finanzergebnisse für das erste Quartal 2025 und verzeichnete einen Nettoverlust von 0,89 Millionen US-Dollar im Vergleich zu einem Nettogewinn von 3,91 Millionen US-Dollar im Jahr 2024. Die Einnahmen aus digitalen Vermögenswerten sanken von 5,9 Millionen auf 3,0 Millionen US-Dollar im Jahresvergleich, während der Betriebsverlust 0,55 Millionen US-Dollar betrug gegenüber einem Betriebsgewinn von 3,88 Millionen US-Dollar im Jahr 2024.
Das Unternehmen sah sich Gegenwind durch die Volatilität des Bitcoin-Preises, eine gestiegene Netzwerkschwierigkeit und geplante Infrastrukturwartungen ausgesetzt. Dennoch erzielte SATO Kostensenkungen, reduzierte die Betriebsausgaben von 3,2 Millionen auf 2,7 Millionen US-Dollar und verringerte die Gesamtverbindlichkeiten um 15 % auf 8,3 Millionen US-Dollar. Die digitalen Vermögenswerte des Unternehmens sanken von 4,56 Millionen auf 2,90 Millionen US-Dollar, während das Eigenkapital der Aktionäre um 13 % auf 7,3 Millionen US-Dollar zurückging.
SATO expandiert in Hochleistungs-GPU-Infrastruktur und KI-Computing und legt dabei den Fokus auf operative Effizienz und nachhaltige Infrastrukturentwicklung.
- Reduced operating expenses from $3.2M to $2.7M year-over-year
- Decreased general and administrative expenses from $0.85M to $0.67M
- Reduced total liabilities by 15% to $8.3M
- Bitcoin price recovery from $81,559 to $109,461 between March and May 2025
- Net loss of $0.89M compared to net income of $3.91M in 2024
- Digital assets revenue decreased by 49% to $3.0M from $5.9M
- Operating loss of $0.55M versus operating income of $3.88M in 2024
- Digital asset holdings decreased to $2.90M from $4.56M
- Shareholders' equity declined 13% to $7.3M
Toronto, Ontario--(Newsfile Corp. - May 28, 2025) - SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) (the "Company", or "SATO") a provider of high-density compute infrastructure, today announced its unaudited financial results for Q1 2025. The Q1 results were impacted by the relatively low price of Bitcoin, increased network difficulty, and scheduled maintenance on parts of the Company's electrical infrastructure; however, general and administrative expenses and overall costs continued to decline. Please refer to the Company's 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
Net Loss of
$0.89 million , compared to net income of$3.91 million in 2024Digital Assets Revenue decreased to
$3.0 million (2024:$5.9 million )Operating Loss of
$0.55 million (2024: operating income of$3.88 million )Gross Profit of
$0.30 million , reflecting consistent mining performanceTotal Liabilities reduced by
15% to$8.3 million (December 31, 2024:$9.7 million )Shareholders' Equity decreased
13% to$7.3 million (December 31, 2024:$8.3 million )Digital Asset Holdings decreased to
$2.90 million (December 31, 2024:$4.56 million )
"Q1 2025 was marked by temporary headwinds, including Bitcoin price volatility, higher network difficulty, and infrastructure upgrades. Despite these short-term impacts, we continued to strengthen our foundation by reducing costs and liabilities. The recent recovery in Bitcoin, combined with our planned strategic expansion into high-performance GPU infrastructure, positions SATO for long-term growth. We remain focused on operational efficiency, sustainable infrastructure, and enhancing shareholder value," said Romain Nouzareth, Chair and CEO of SATO.
Strategic and Operational Highlights
Cost Reductions: The company has continued to decrease both operating expenses from
$3.2 million in Q1 2024 to$2.7 million in Q1 2025, and general and administrative expenses from$0.85 million in Q1 2024 to$0.67 million in Q1 2025.Liabilities Reduction: Decrease of over
$1.4 million in liabilities from the previous year end.Bitcoin Price Strength: The price of Bitcoin has recovered from USD
$81,559 on March 31, 2025 to USD$109,461 on May 26, 2025.
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 June 2nd, 2025 at 10:00 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 Q1 2025, 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 June 2nd, 2025
Time: 10:00 AM Eastern Time
Ask your questions in advance: https://forms.gle/zU6NyR2rS9Es9iVZA
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/253753
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