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

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Voyager Digital Enters MOU With Lottery.com

Voyager Digital (CSE: VYGR) this morning announced that it has entered a memorandum of understanding...

Tuesday, April 20, 2021, 08:55:43 AM

Voyager Digital Records Over 130,000 New Funded Accounts In April

Voyager Digital Ltd. (CSE: VYGR) reported today in its April 2021 update that it added...

Monday, May 3, 2021, 09:35:00 AM

Voyager Digital Files For Chapter 11 Bankruptcy Protection Following 3AC Loan Default

If Voyager Digital (TSX: VOYG) shareholders didn’t think it was all over before following a...

Wednesday, July 6, 2022, 08:11:30 AM

Judge OKs Binance-Voyager Deal As SEC Continues Losing Streak Against Crypto In Courts

Count 1: The bankruptcy court handling Voyager Digital’s case on Tuesday approved the pending sale...

Wednesday, March 8, 2023, 09:22:00 AM

Voyager Digital Sees CEO, COO Enter Arrangements To Sell Shares

It appears that executives over at Voyager Digital (TSX: VOYG) are looking to hit the...

Friday, December 31, 2021, 09:06:05 AM