On February 19, Semler Scientific (SMLR) adopted the new "fair value" accounting standard in Q4 2024, revaluing its Bitcoin assets, resulting in a $28.85 million increase in its holdings. The standard, introduced by FASB in March 2024, requires companies to report digital assets at market value starting from Q1 2025, with the option for early adoption.
This adjustment drove a significant increase in Q4 net profit to $29.2 million, with earnings per share (EPS) reaching $3.64, compared to $4.2 million ($0.62 per share) in the same period last year. Semler's stock price rose 2.1% on Tuesday.
