TAAL Indicates Revenue Guidance Of $11.5 – $12 Million For Q3 2021

TAAL Distributed Information Technologies Inc. (CSE: TAAL) shared today its preliminary revenue guidance for Q3 2021. The blockchain firm is expecting to record consolidated revenue of approximately $11.5 – $12 million for the three-month period.

This company posted $6.7 million in revenue for Q2 2021, making the revenue guidance for the next quarter an approximately 70% quarter-on-quarter increase.

“We are pleased to have transaction processing and larger volumes of blocks mined contribute to our financial guidance for the Q3 2021 period, said TAAL CEO and Executive Chairman Stefan Matthews.

The company further relayed its expectations to hold approximately 75,000 BSV and $21 million in pre-paid deposits at the end of Q3 2021.

TAAL Distributed Information Technologies last traded at $4.44 on the CSE.

Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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