Voyager Digital Estimates US$165 Million In Revenue For Q2 2022

Voyager Digital Ltd. (TSX: VOYG) reported today its preliminary revenue and user metrics for fiscal second quarter of 2022, ended December 31, 2021. The report highlighted an estimated quarterly revenue of US$165 million, more than double its Q1 2022 revenue of US$81.5 million and a huge jump from Q2 2021 revenue of US$3.6 million.

For the calendar year 2021, the firm estimates to exceed US$415 million in revenue compared to 2020’s revenue of US$6.6 million.

During the fiscal quarter, the crypto firm had 1.1 million funded accounts and 3.2 million verified users. These figures compare to last quarter’s 0.9 million funded accounts and 2.2 million verified users.

The company also saw net new deposits increase to US$1.04 billion during the quarter coming from US$827 million in the previous quarter.

“In 2021, we scaled our technology to accommodate rapid growth as mainstream crypto adoption accelerated,” said Voyager CEO Steve Ehrlich. “Now, with our platform and technological capabilities enhanced, 2022 marks the next phase of Voyager’s growth through product and geographic expansion, alongside marketing efforts to reach new customers.”

Erlich also said the company will continue to grow its team as it “[expands] into NFT’s, the Metaverse, and [its] own custody solution.”

Full and detailed financial report for fiscal Q2 2022 is expected to be released on February 14, 2022.

Before 2021 ended, the firm saw arrangements entered with Erlich and COO Gerard Hanshe for the two executive’s share sale plans.

Voyager Digital Ltd. last traded at $14.42 on the TSX.


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.

Video Articles

Tariffs Spark New Race for Critical Metals | Rob McEwen

Antimony Resources: The Bald Hill Project

They Laughed at $3,000 Gold, Now We’re Headed for $4,000! | Sean Roosen – Osisko Development Corp.

Recommended

Steadright Begins Preliminary Economic Assessment On TitanBeach Project

Three Miners Trapped Underground At Newmont’s Red Chris Mine

Related News

Voyager Digital Sees Alameda Research Invest $75 Million, Details Scarce

Voyager Digital (TSX: VOYG) this morning announced that it has a new major investor in...

Thursday, October 28, 2021, 08:08:56 AM

Voyager Digital Sees CFO Quit Amid Restructuring Process

With Voyager Digital currently in the process of Chapter 11 filings, it now appears to...

Monday, September 26, 2022, 09:38:49 AM

Binance Bitcoin Balance Takes A Hit After Judge Stops Voyager Deal

Over 4,761 Bitcoins have been withdrawn from the Binance crypto exchange in the last 24...

Tuesday, March 28, 2023, 12:08:00 PM

Alameda Research Revealed As Second Largest Counterparty In Voyager Digital Bankruptcy Filing

The crypto space is beginning to appear to be rather circular. Following the Chapter 11...

Wednesday, July 6, 2022, 10:29:36 AM

Voyager Digital Gets Conditional Approval To List On TSX

Voyager Digital Ltd. (CSE: VYGR) announced today that it has received conditional approval to list...

Monday, August 23, 2021, 12:38:00 PM