TechFlow news — Medical technology company Semler Scientific released its Q2 2024 financial results and announced the purchase of an additional 101 bitcoins for $6 million.
The company reported revenue of $14.5 million, down 22% year-over-year; operating income of $5.4 million, down 25% year-over-year; and net income of $11,000, nearly flat compared to the prior year.
As of August 5, Semler Scientific holds a total of 929 bitcoins, with a cumulative investment of $63 million, including related fees.
Eric Semler, the company’s chairman, stated that the market has responded positively to the company's bitcoin reserve strategy, and the company plans to continue purchasing bitcoin using operating cash flow and proceeds from securities sales under its future $150 million financing facility.
