BitNile Holdings Inc (AMEX:NILE) shares are trading higher after Monday the company announced 2021 financial results showing higher revenues year-over-year.
BitNile said full-year 2021 revenue increased 120% year-over-year to $52 million. The company reported a net loss of $24.2 million, which was improved from a net loss of $32.7 million in the prior year.
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At the end of the year, BitNile had $15.9 million of cash, $40.4 million of marketable securities, $2.2 million of digital currencies and $84.9 million in other investments.
BitNile is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
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NILE 52-Week Range: $0.50 - $1.76
According to data from Benzinga Pro, the stock was up 19.1% at 66 cents at time of publication.
Photo: SergDE from Pixabay.