Bitcoin Depot Inc’s second-quarter revenue has grown by 18%, to a record of $197.5 Million. The company’s Q2 revenue has grown by 18% on an annualised basis. The stock market is marginally still in the green at this writing.

Shares of the Georgia-based Bitcoin ATM operator are struggling today, due to losses of $6.1 million in the recently completed quarter, a staggering 249% decrease compared to last year. However, the company’s adjusted EBITDA grew by 54% in Q2 to $19.8 million.

CEO Brandon Mintz had this to say in a press release today:

“We’re in position to further strengthen our balance sheet as we execute on our growth strategy…we’re positioned to support mass crypto adoption as the leading Bitcoin ATM network.”

Just last month, Bitcoin Depot Inc debuted on Nasdaq. The company has partnered with notable names such as Stinker Stores, Jacksons Food Store, Gas Express, FastLane, and others.

Mintz also mentioned that the firm has announced multiple partnerships and expanded their BDCheckout program. He is looking forward to growing Bitcoin Access points across North America.

Bitcoin Depot Inc now forecasts that its revenue will grow between 8% and 13% this year, with an increase of up to 44% in adjusted EBITDA.