Seeking Alpha
2021-11-16 15:05:58

Voyager Digital fiscal Q1 reflects revenue, platform user growth

Voyager Digital's (OTCQX:VYGVF) fiscal Q1 2022 reflects a "significant increase in downloads and a rise in the app rankings," said CEO Steve Ehrlich. Ehrlich says the company expects to surpass $360M of revenue for the calendar year as it invests in customer acquisition and retention in Q1. Q1 operating loss of $28.3M is due to investing in the loyalty and rewards program to continue user growth. Q1 loss per share of 18 cents vs. a loss of four cents in the year-ago period. Total verified users on the platform stand at more than 2.15M in Q1, up from 1.75M in the prior quarter. Total funded accounts of more than 860K in Q1 rises from 665K in Q4 of 2021. Total assets under management of $4.3B vs. $2.6B in the prior quarter; AUM are currently just under $7B, the company says. Crypto assets held on its balance sheet of $3.1B rises

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer