Guidance
Based on current market conditions, Bitcoin Depot expects consolidated revenue in 2023 to range between $700 million and $730 million, an 8% to 13%
improvement compared to $647 million in 2022. Bitcoin Depot expects Adjusted EBITDA (non-GAAP) in 2023 to range between $56 million and $59 million compared to 2022 when Bitcoin Depot generated
net income of $3.5 million and Adjusted EBITDA of $41 million, representing a 37% to 44% year-over-year increase in Adjusted EBITDA. For important disclosures about Adjusted EBITDA, see Explanation and Reconciliation of Non-GAAP Financial Measures below.
Conference Call
Bitcoin Depot will hold a conference call at 11:00 a.m., Eastern time (8:00 a.m. Pacific time), today to discuss its financial results for the third quarter
ended September 30, 2023.
Call Date: Monday, November 13, 2023
Time: 11:00 a.m. Eastern time (8:00 a.m. Pacific time)
U.S. dial-in: 646-307-1963
International dial-in: 800-715-9871
Conference ID:
8247570
The conference call will broadcast live and be available for replay here following the call.
Please call the conference telephone number approximately 10 minutes before the start time. An operator will register your name and organization. If you have
any difficulty connecting with the conference call, please contact Bitcoin Depots investor relations team at
1-949-574-3860.
A replay of the
call will be available beginning after 3:00 p.m. Eastern time on November 13, 2023 through November 20, 2023.
U.S. replay number: 609-800-9909
International replay number: 800-770-2030
Conference ID: 8247570
About Bitcoin Depot
Bitcoin Depot Inc. (Nasdaq: BTM) was
founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in
the payments, spending and investing space. Users can convert cash to Bitcoin at Bitcoin Depots kiosks and at thousands of name-brand retail locations through its BDCheckout product. The Company has the largest market share in North America
with approximately 6,400 kiosk locations as of September 30, 2023. Learn more at www.bitcoindepot.com.
Cautionary Statement Regarding
Forward-Looking Statements
This press release and any oral statements made in connection herewith include forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. Forward-looking statements are any statements other than statements of historical fact, and include, but
are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance, including our growth strategy and ability to increase deployment of our products
and services, our ability to strengthen our financial profile, worldwide growth in the adoption and use of cryptocurrencies, and our guidance regarding our generation of revenue and Adjusted EBITDA for 2023. These forward-looking statements are
based on managements current beliefs, based on currently available information, as to the outcome and timing of future events. Forward-looking statements are often identified by words such as anticipate, appears,
approximately, believe, continue, could, designed, effect, estimate, evaluate, expect, forecast, goal,
initiative, intend, may, objective, outlook, plan, potential, priorities, project, pursue, seek, should,
target, when, will, would, or the negative of any of those words or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not
all forward-looking statements contain such identifying words. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as
well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control.
These forward-looking statements are
subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination; risks relating to the
uncertainty of our projected financial information; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; our ability to manage future growth; our ability to develop new