MicroStrategy Incorporated - 10.00% Series A Perpetual Strife Preferred Stock 2/6/2024 Earnings Report

MicroStrategy Incorporated - 10.00% Series A Perpetual Strife Preferred Stock EPS Results

• Actual EPS: -$20.51
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

MicroStrategy Incorporated - 10.00% Series A Perpetual Strife Preferred Stock Revenue Results

• Actual Revenue: $132.55 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

MicroStrategy Incorporated - 10.00% Series A Perpetual Strife Preferred Stock Announcement Details

• Date: 2/6/2024
• Time: After Market Closes
• Conference Call Date: N/A
• Conference Call Time: N/A

MicroStrategy Incorporated is a global provider of enterprise analytics and mobility software, offering solutions that enable organizations to analyze internal and external data in order to make informed business decisions. Founded in 1989 and headquartered in Tysons Corner, Virginia, the company has built a reputation for delivering scalable analytics platforms, cloud-based intelligence services and mobile applications to clients across diverse industries and geographies, including North America, Europe, Asia-Pacific and Latin America.

The 10.00% Series A Perpetual Preferred Stock, trading under the ticker STRF on the NASDAQ, represents a class of senior equity securities issued by MicroStrategy. Each share carries a fixed annual dividend rate of 10.00% based on a $25 liquidation preference and pays dividends on a quarterly basis, subject to declaration by the company’s board of directors. As perpetual preferred stock, STRF shares have no scheduled maturity date, offering investors a steady income stream without an outright redemption obligation.

Series A perpetual preferred shares rank above common stock in the event of liquidation but generally do not carry voting rights, making them attractive to income-focused investors seeking higher yields and a degree of downside protection. This security complements MicroStrategy’s capital structure by providing long-term funding while allowing the company to maintain financial flexibility for ongoing software development, cloud service expansion and strategic initiatives.