MicroStrategy announced its first-quarter financial results for 2022 on Tuesday, reporting $119.3 million in revenues for the period.
said
that non-GAAP expenses came in at $275 million for Q1, compared to $298 million in the first quarter of 2021. In Q1 2022, $170 million worth of those expenses were in the form of bitcoin impairment charges. "Loss from operations for the first quarter of 2022 was $170.0 million, compared to $183.2 million for the first quarter of 2021. Net loss for the first quarter of 2022 was $130.8 million, or $11.58 per share on a diluted basis, as compared to $110.0 million, or $11.40 per share on a diluted basis, for the first quarter of 2021," MicroStrategy said."Digital asset impairment charges of $170.1 million and $194.
"May conservatively explore future yield generation opportunities on unencumbered MacroStrategy bitcoins," the firm said in its presentation document.
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