EST on Novemat Investors may also access the live webcast by using this link. We continue to invest aggressively in our growth projects, and given our well-funded balance sheet, now is the right time to return value to shareholders in the form of a buyback.”Įxodus will provide a live webcast of its third quarter 2021 fiscal results beginning at 4 p.m. We expect to repurchase shares in the open market at a price of up to $55 per share.
“As recently announced, we are initiating a $2 million share repurchase program. Exodus headed into the fourth quarter with strong momentum, and we are on-track to deliver over $90 million in total revenue this year.” “Though we did see a softening in total exchange volume with the downturn in crypto markets early in the third quarter, we witnessed a rebound in exchange activity in September that has continued through October. “Our financial and operating results continue to eclipse prior year results,” said James Gernetzke, CFO of Exodus. Customer response time - median response time of less than 10 minutes.Full-time equivalent employees - 200, an increase from 176 at Q2 end.Digital assets and cash - $128.7 million, including $57.5 million in bitcoin and $50.4 million in U.S.Adjusted EBITDA 2 - $6.8 million, up 106% from $3.3 million in Q3 2020.Bitcoin and Ethereum continue to be the top assets traded at 19% and 14% of volume, respectively. Exchange provider processed volume - $1.0 billion, up 206% from Q3 2020.Third Quarter Operational and Other Financial Highlights We are building Exodus as the go-to platform for experiencing all that decentralized finance has to offer, supported by world-class customer service.”
#EXODUS WALLET FULL#
YTD total revenues have more than tripled our 2020 full year results and we continue to add users as we improve and add functionality to our platform.
#EXODUS WALLET SOFTWARE#
“The third quarter and year-to-date financial results reflect the power of beautifully designed software that allows users to experience crypto all-in-one place. This important step aligned with the ethos of Exodus we envision a future where you have control over your assets and stocks, and in the third quarter, we brought this vision to life.” “We are the first to digitally represent our common stock on the blockchain and make it available for public investment. “We made history in the third quarter with the launch of Exodus shares on the tZERO marketplace,” said JP Richardson, CEO and co-founder of Exodus. Third Quarter 2021 Financial Highlights In USD millions, except percentages The Company reported third quarter revenue of $18.1 million, an increase of 155% year-over-year, and quarterly earnings of $0.32 per diluted share. (tZERO ATS: EXOD), (“the Company” or “Exodus”) the leading non-custodial cryptocurrency software platform, today announced its fiscal 2021 results for the third quarter ended September 30, 2021. 16, 2021 (GLOBE NEWSWIRE) - Exodus Movement, Inc.
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