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Riot Blockchain

Nasdaq:RIOT
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RIOT
Nasdaq
$36M
Market Cap
  1. Home
  2. US
  3. Software
Company description

Riot Blockchain, Inc., together with its subsidiaries, focuses on building, supporting, and operating Blockchain technologies. The last earnings update was 6 days ago. More info.


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  • Riot Blockchain has significant price volatility in the past 3 months.
RIOT Share Price and Events
7 Day Returns
-4.6%
NasdaqCM:RIOT
2.5%
US Software
0.7%
US Market
1 Year Returns
-22.8%
NasdaqCM:RIOT
32.7%
US Software
13.7%
US Market
RIOT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Riot Blockchain (RIOT) -4.6% -14.6% -23.6% -22.8% -48.2% -88.4%
US Software 2.5% 9.9% 4.7% 32.7% 116.8% 154.3%
US Market 0.7% 4.7% 6.1% 13.7% 39.2% 44.5%
1 Year Return vs Industry and Market
  • RIOT underperformed the Software industry which returned 32.7% over the past year.
  • RIOT underperformed the Market in United States of America which returned 13.7% over the past year.
Price Volatility
RIOT
Industry
5yr Volatility vs Market

Value

 Is Riot Blockchain undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Riot Blockchain. This is due to cash flow or dividend data being unavailable. The share price is $1.46.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Riot Blockchain's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Riot Blockchain's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:RIOT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-1.66
NasdaqCM:RIOT Share Price ** NasdaqCM (2019-11-18) in USD $1.46
United States of America Software Industry PE Ratio Median Figure of 71 Publicly-Listed Software Companies 44.43x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Riot Blockchain.

NasdaqCM:RIOT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:RIOT Share Price ÷ EPS (both in USD)

= 1.46 ÷ -1.66

-0.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Riot Blockchain is loss making, we can't compare its value to the US Software industry average.
  • Riot Blockchain is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Riot Blockchain's expected growth come at a high price?
Raw Data
NasdaqCM:RIOT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United States of America Software Industry PEG Ratio Median Figure of 60 Publicly-Listed Software Companies 2.54x
United States of America Market PEG Ratio Median Figure of 2,038 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Riot Blockchain, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Riot Blockchain's assets?
Raw Data
NasdaqCM:RIOT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $1.16
NasdaqCM:RIOT Share Price * NasdaqCM (2019-11-18) in USD $1.46
United States of America Software Industry PB Ratio Median Figure of 214 Publicly-Listed Software Companies 5.84x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.76x
NasdaqCM:RIOT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:RIOT Share Price ÷ Book Value per Share (both in USD)

= 1.46 ÷ 1.16

1.26x

* Primary Listing of Riot Blockchain.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Riot Blockchain is good value based on assets compared to the US Software industry average.
X
Value checks
We assess Riot Blockchain's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Riot Blockchain has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Riot Blockchain expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Riot Blockchain has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.7%
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Riot Blockchain expected to grow at an attractive rate?
  • Unable to compare Riot Blockchain's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Riot Blockchain's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Riot Blockchain's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:RIOT Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 14.7%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 11.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:RIOT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:RIOT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 9 -16 1
2019-11-18
NasdaqCM:RIOT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 7 -16 -28
2019-06-30 8 -18 -32
2019-03-31 8 -17 -55
2018-12-31 8 -19 -58
2018-09-30 6 -17 -56
2018-06-30 4 -11 -55
2018-03-31 1 -8 -32
2017-12-31 0 -4 -16
2017-09-30 0 -5 -9
2017-06-30 0 -6 -5
2017-03-31 0 -5 -5
2016-12-31 0 -6 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Riot Blockchain is high growth as no earnings estimate data is available.
  • Unable to determine if Riot Blockchain is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:RIOT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Riot Blockchain Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:RIOT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31 -0.86 -0.86 -0.86 1.00
2019-11-18
NasdaqCM:RIOT Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -1.66
2019-06-30 -2.23
2019-03-31 -3.96
2018-12-31 -4.33
2018-09-30 -4.54
2018-06-30 -5.45
2018-03-31 -4.00
2017-12-31 -2.71
2017-09-30 -1.80
2017-06-30 -1.09
2017-03-31 -1.11
2016-12-31 -0.78

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Riot Blockchain will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Riot Blockchain's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Riot Blockchain's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Software companies here
  3. Riot Blockchain's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Riot Blockchain's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Riot Blockchain has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Riot Blockchain performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Riot Blockchain's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Riot Blockchain does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Riot Blockchain's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Riot Blockchain's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
Riot Blockchain's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Riot Blockchain Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:RIOT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 7.32 -28.05 12.14
2019-06-30 8.02 -32.45 16.94
2019-03-31 8.35 -55.19 21.48
2018-12-31 7.85 -58.10 20.86
2018-09-30 6.36 -55.59 24.64 -0.01
2018-06-30 3.94 -54.70 17.36 -0.01
2018-03-31 1.17 -31.74 10.19 -0.02
2017-12-31 0.27 -16.30 7.31
2017-09-30 0.10 -8.81 3.77 -0.24
2017-06-30 0.10 -4.95 4.65 -0.19
2017-03-31 0.10 -4.72 4.42 -0.11
2016-12-31 0.10 -3.16 4.41 0.25
2016-09-30 0.08 -4.71 5.84 0.78
2016-06-30 0.11 -4.81 5.59 1.16
2016-03-31 0.11 -6.01 6.25 1.64
2015-12-31 0.10 -8.76 6.76 1.97
2015-09-30 0.17 -8.17 5.77 2.59
2015-06-30 0.15 -9.12 6.01 3.27
2015-03-31 0.13 -9.68 6.20 3.68
2014-12-31 0.17 -10.44 6.56 4.02
2014-09-30 0.09 -11.20 6.45 4.78
2014-06-30 0.11 -11.74 6.30 5.46
2014-03-31 0.11 -12.29 5.98 6.31
2013-12-31 0.06 -12.15 5.52 6.67
2013-09-30 0.06 -11.52 5.35 6.19
2013-06-30 0.01 -10.91 5.37 5.45
2013-03-31 0.03 -10.08 5.41 4.53
2012-12-31 0.04 -9.21 5.18 3.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Riot Blockchain has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Riot Blockchain has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Riot Blockchain improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Riot Blockchain's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Riot Blockchain has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Riot Blockchain's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Riot Blockchain's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Riot Blockchain is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Riot Blockchain's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Riot Blockchain's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Riot Blockchain has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Riot Blockchain Company Filings, last reported 1 month ago.

NasdaqCM:RIOT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 28.19 0.00 15.16
2019-06-30 26.14 0.00 16.11
2019-03-31 -8.77 9.67 1.02
2018-12-31 4.49 1.70 0.23
2018-09-30 16.53 1.70 1.61
2018-06-30 20.67 0.78 1.65
2018-03-31 43.24 0.83 5.26
2017-12-31 49.63 0.14 41.65
2017-09-30 15.47 0.22 13.14
2017-06-30 11.01 0.00 11.93
2017-03-31 11.41 0.06 11.98
2016-12-31 14.92 0.14 13.04
2016-09-30 17.05 0.22 14.86
2016-06-30 16.02 0.00 16.15
2016-03-31 16.68 0.06 16.60
2015-12-31 16.07 2.14 16.16
2015-09-30 18.90 2.26 18.93
2015-06-30 20.25 2.08 20.43
2015-03-31 21.93 2.18 22.10
2014-12-31 23.69 2.31 24.54
2014-09-30 25.94 2.44 26.72
2014-06-30 28.26 2.22 29.10
2014-03-31 11.98 2.33 12.86
2013-12-31 12.95 2.47 14.30
2013-09-30 15.87 2.61 17.29
2013-06-30 18.61 2.37 19.99
2013-03-31 8.37 2.69 9.27
2012-12-31 10.69 3.05 12.14
  • Riot Blockchain has no debt.
  • Riot Blockchain has no debt compared to 5 years ago when it was 9.4%.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Riot Blockchain has less than a year of cash runway based on current free cash flow.
  • Riot Blockchain has less than a year of cash runway if free cash flow continues to grow at historical rates of 48.6% each year.
X
Financial health checks
We assess Riot Blockchain's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Riot Blockchain has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Riot Blockchain's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Riot Blockchain dividends.
If you bought $2,000 of Riot Blockchain shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Riot Blockchain's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Riot Blockchain's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:RIOT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1956 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:RIOT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2019-12-31
2019-11-18

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Riot Blockchain has not reported any payouts.
  • Unable to verify if Riot Blockchain's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Riot Blockchain's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Riot Blockchain has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Riot Blockchain's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Riot Blockchain afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Riot Blockchain has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Riot Blockchain's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeff McGonegal
COMPENSATION $400,654
AGE 68
TENURE AS CEO 0.8 years
CEO Bio

Mr. Jeffrey G. McGonegal, also known as Jeff, has been the Principal of McGonegal and Co. since 1997. He has been Chief Executive Officer at Riot Blockchain, Inc., since February 6, 2019 and its Interim Chief Financial Officer since August 15, 2019. He was Consultant at Riot Blockchain, Inc. from April 30, 2018 to August 31, 2018. He served as Principal Accounting Officer of Riot Blockchain, Inc. (formerly Venaxis, Inc.) until April 30, 2018 and served as its Secretary since January 2010 and Interim President in December 2004 and January 2005. Mr. McGonegal served as the Chief Financial Officer at Riot Blockchain, Inc. since June 2003 until February 28, 2018. Mr. McGonegal serves as an Assistant Secretary at Bactolac Pharmaceutical, Inc. He has been Secretary of Applied Medical Devices Inc., since October 2004. He serves as President of ANI Pharmaceuticals Inc. (ANIP). Since 1997, he has been Managing Director of McGonegal and Co. He served as Corporate Secretary of Venaxis, Inc. since January 2010. He served as Chief Financial Officer and Secretary of Cambridge Holdings Ltd. until August 2, 2013. Until his resignation in September 2013, Mr. McGonegal served on a limited part-time basis as Senior Vice President of Finance of Cambridge Holdings, Ltd. He has unique in-depth expertise in merger and acquisition matters, in analyzing financial alternatives for growth oriented companies and in SEC and public reporting compliance including private offerings, IPO's and secondary offerings. He served as Chief Financial Officer and Principal Accounting Officer of Bactolac Pharmaceutical Inc. He served as Senior Vice President of Finance at Bactolac Pharmaceutical, Inc., since February 2000. Mr. McGonegal served from 2003 to January 1, 2011 as Chief Financial Officer of PepperBall Technologies, Inc. He served as Senior Vice President, Finance of Advanced Nutraceuticals Inc. since February 2000. He served as Chief Financial Officer of Security With Advanced Technology, Inc. (formerly, A4s Technologies Inc.) since 2003 and its Chief Executive Officer since October 2007. He served as Interim Chief Executive Officer and Interim President of Venaxis, Inc. from December 2004 to January 2005. He served as a Consultant to Advanced Nutraceuticals Inc. in connection with the acquisitions it made in 1999. He was a Certified Public Accountant with the internationally recognized public accounting firm of BDO Seidman LLP (BDO) from 1974 to 1997. While at BDO Seidman LLP, Mr. McGonegal served as Managing Partner of the Denver, Colorado office. He served as Director of Cambridge Holdings Ltd., since 2000 until August 2, 2013. He serves as a Director of Rockies Venture Club and Colorado Venture Centers Inc. He served as a Director of Imagenetix Inc., from September 2005 to March 21, 2012. He served as a Director of Dalkeith Investments, Inc. (formerly, Applied Medical Devices Inc.), from October 2004 to August 2006. Mr. McGonegal served as Director of Security With Advanced Technology, Inc. He served as Independent Director of Smart Move, Inc. (also known as Smart Move Transportation, L.L.C) from September 15, 2008 to January 2009. Mr. McGonegal received a B.A. Degree in Accounting from Florida State University.

CEO Compensation
  • Jeff's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jeff's remuneration is about average for companies of similar size in United States of America.
Management Team

Jeff McGonegal

TITLE
CEO & Interim CFO
COMPENSATION
$401K
AGE
68
TENURE
0.8 yrs

Jeffrey Vormittag

TITLE
COO of Riot Blockchain Canada
COMPENSATION
$827K
TENURE
1.8 yrs

Lyndal Hesterberg

TITLE
Consultant
Board of Directors Tenure

Average tenure and age of the Riot Blockchain board of directors in years:

2
Average Tenure
52.5
Average Age
  • The average tenure for the Riot Blockchain board of directors is less than 3 years, this suggests a new board.
Board of Directors

Remo Mancini

TITLE
Chairman & Lead Director
COMPENSATION
$705K
AGE
67
TENURE
1.2 yrs

Jason Les

TITLE
Independent Director
COMPENSATION
$155K
AGE
33
TENURE
2 yrs

Benjamin Yi

TITLE
Independent Director
COMPENSATION
$11K
AGE
38
TENURE
1.1 yrs

David Flum

TITLE
Member of the Medical Advisory Board
TENURE
10.4 yrs

David Talan

TITLE
Member of the Medical Advisory Board
TENURE
10.4 yrs

Douglas Owens

TITLE
Member of the Medical Advisory Board
TENURE
10.4 yrs

Steven Wolf

TITLE
Member of The Medical Advisory Board
TENURE
10.4 yrs

Frank Bishop

TITLE
Member of Advisory Board
AGE
75
TENURE
2 yrs

Pierre Rochard

TITLE
Member of Industry Leading Advisory Board
TENURE
0.3 yrs

Yan Pritzker

TITLE
Member of Industry Leading Advisory Board
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Riot Blockchain's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Riot Blockchain has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Do Institutions Own Riot Blockchain, Inc. (NASDAQ:RIOT) Shares?

Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. … View our latest analysis for Riot Blockchain NasdaqCM:RIOT Ownership Summary, August 15th 2019 What Does The Institutional Ownership Tell Us About Riot Blockchain? … As you can see, institutional investors own 18% of Riot Blockchain.

Simply Wall St -

Those Who Purchased Riot Blockchain (NASDAQ:RIOT) Shares Five Years Ago Have A 85% Loss To Show For It

View our latest analysis for Riot Blockchain Riot Blockchain isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … We'd be remiss not to mention the difference between Riot Blockchain's total shareholder return (TSR) and its share price return. … Riot Blockchain hasn't been paying dividends, but its TSR of -83% exceeds its share price return of -85%, implying it has either spun-off a business, or raised capital at a discount; thereby providing additional value to shareholders.

Simply Wall St -

Who Are The Major Shareholders In Riot Blockchain Inc (NASDAQ:RIOT)?

In this analysis, my focus will be on developing a perspective on Riot Blockchain Inc’s (NASDAQ:RIOT) latest ownership structure, a less discussed, but important factor. … The impact of a company's ownership structure affects both its short- and long-term performance. … Check out our latest analysis for Riot Blockchain

Simply Wall St -

Should You Be Concerned About Riot Blockchain Inc's (NASDAQ:RIOT) Investors?

Today, I will be analyzing Riot Blockchain Inc’s (NASDAQ:RIOT) recent ownership structure, an important but not-so-popular subject among individual investors. … See our latest analysis for Riot Blockchain NasdaqCM:RIOT Ownership_summary Apr 4th 18 Institutional Ownership In RIOT's case, institutional ownership stands at 19.18%, significant enough to cause considerable price moves in the case of large institutional transactions, especially when there is a low level of public shares available on the market to trade. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

Riot Blockchain Inc (NASDAQ:RIOT): Does The -110.92% Earnings Drop Reflect A Longer Term Trend?

Check out our latest analysis for Riot Blockchain Commentary On RIOT's Past Performance I like to use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … For Riot Blockchain, its latest trailing-twelve-month earnings is -US$9.93M, which, relative to the previous year's figure, has become more negative. … NasdaqCM:RIOT Income Statement Mar 20th 18 We can further analyze Riot Blockchain's loss by looking at what the industry has been experiencing over the past few years.

Simply Wall St -

How Does Investing In Riot Blockchain Inc (NASDAQ:RIOT) Impact Your Portfolio?

For Riot Blockchain Inc’s (NASDAQ:RIOT) shareholders, and also potential investors in the stock, understanding how the stock’s risk and return characteristics can impact your portfolio is important. … With a beta of 2.63, Riot Blockchain is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … According to this value of beta, RIOT may be a stock for investors with a portfolio mainly made up of low-beta stocks.

Simply Wall St -

With -68% EPS Drop, Should Riot Blockchain Inc's (NASDAQ:RIOT) Recent Track Record Be A Cause Of Concern?

In this article, I will take a look at Riot Blockchain Inc's (NASDAQ:RIOT) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … See our latest analysis for Riot Blockchain Did RIOT perform worse than its track record and industry? … To account for any quarterly or half-yearly updates, I use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data.

Simply Wall St -

Does Riot Blockchain Inc's (RIOT) Debt Level Pose A Serious Problem?

See our latest analysis for RIOT Does RIOT generate enough cash through operations? … During times of unfavourable events, RIOT could be required to liquidate some of its assets to meet these upcoming payments, as cash flow from operations is hindered. … Our analysis shows that RIOT is able to meet its upcoming commitments with its cash and other short-term assets, which lessens our concerns for the company's business operations should any unfavourable circumstances arise.

Simply Wall St -

One Thing To Consider Before Buying Riot Blockchain Inc (RIOT)

Generally, an investor should consider two types of risk that impact the market value of RIOT. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one.

Simply Wall St -

Company Info

Description

Riot Blockchain, Inc., together with its subsidiaries, focuses on building, supporting, and operating Blockchain technologies. It is involved in digital currency mining operation, which utilizes specialized computers that generate digital currency primarily bitcoin. The company also holds interests in various activities, including purchasing and selling digital currencies; provides accounting, audit, and verification services for blockchain based assets, such as digital currencies; and develops TessPay, a payments ecosystem for component and sub-component supply chain settlement solution, as well as other blockchain solutions for telecommunications companies. As of December 31, 2018, approximately 7,731 of the miners were installed and operating. The company was formerly known as Bioptix, Inc. and changed its name to Riot Blockchain, Inc. in October 2017. Riot Blockchain, Inc. was founded in 2000 and is based in Castle Rock, Colorado.

Details
Name: Riot Blockchain, Inc.
RIOT
Exchange: NasdaqCM
Founded: 2000
$36,107,573
24,731,215
Website: http://www.riotblockchain.com
Address: Riot Blockchain, Inc.
202 6th Street,
Suite 401,
Castle Rock,
Colorado, 80104,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM RIOT Common Stock Nasdaq Capital Market US USD 23. Jan 2003
DB AP4N Common Stock Deutsche Boerse AG DE EUR 23. Jan 2003
LSE 0KX0 Common Stock London Stock Exchange GB EUR 23. Jan 2003
Number of employees
Current staff
Staff numbers
20
Riot Blockchain employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 23:50
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/08/29
Last earnings filing: 2019/11/12
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.