CleanSpark Inc (CLSK)

The operating profit margin of CleanSpark Inc over the specified period demonstrates a significant decline and some fluctuation, reflecting persistently challenging operating profitability. As of September 30, 2020, the company reported an operating profit margin of -150.99%, indicating a substantial operating loss relative to revenue. This extraordinarily negative margin suggests high operating expenses or operational inefficiencies during that period.

By September 30, 2021, the operating profit margin improved markedly to -30.28%. Although still negative, this represents a considerable reduction in operating losses, potentially indicating some operational adjustments or efficiencies implemented over the year. The subsequent year, September 30, 2022, saw a marginal improvement to -28.79%, suggesting a stabilization in operating performance, although losses remained significant.

However, by September 30, 2023, the operating profit margin widened again to -77.81%, implying a deterioration in operational profitability, possibly due to increased expenses, lower revenues, or both. This deterioration could point to operational challenges or strategic shifts that negatively impacted profitability. In the most recent data available, September 30, 2024, the operating profit margin improved to -39.33%, reflecting a partial recovery but still indicating substantial operating losses.

Overall, the data indicates that while there have been periods of improvement, CleanSpark Inc has consistently operated at a loss relative to its revenue over these years. The fluctuations suggest variability in operational efficiency, cost management, or revenue generation strategies, but overall, the operating profit margin remains deeply negative, highlighting ongoing profitability challenges within the company's operations.

Peer comparison

Sep 30, 2024