Saturday, July 12, 2025

Latest

WonderFi Ends Fiscal Q1 2022 With $11.3 Million Crypto Assets, $5.7 Million Net Loss

WonderFi Technologies (NEO: WNDR) announced on Friday night its quarterly financial results for the period ended December 31, 2021. The firm ended the quarter with a total of $5.7 million net loss.

The quarterly net loss compares to the net loss of $5.1 million recorded for the previous eight months (from incorporation on January 30, 2021 to the end of fiscal 2021 on September 30, 2021). The loss is primarily driven by notable increases in expenses, including marketing and customer development jumping to $1.3 million from $0.4 million, and professional and advisory fees reaching $2.3 million coming from $0.3 million in the prior eight-month period.

The quarterly loss translates to $0.08 per share.

The firm also had a cash burn from operating activities of $2.9 million for the three-month period compared to a cash burn of $2.7 million for the prior eight-month period.

The company also ended the quarter with $28.8 million in cash coming from a starting balance of $20.3 million. The inflow is heavily driven by the $22.6 million proceeds from private placements.

This puts the company’s current assets at $35.0 million compared to its September 30, 2021 balance of $21.3 million. The firm’s crypto assets also increased to $11.3 million from $4.1 million at the end of the previous quarter.

Further, the firm nearly doubled its share capital to $52.7 million against a total asset balance of $46.9 million coming from the end of last quarter’s balance of $28.6 million against a total asset balance of $25.4 million.

The crypto firm also announced that it has recently closed its $45 million upsized bought deal financing, which puts its cash balance at $64.3 million post-closing.

WonderFi last traded at $1.48 on the NEO.


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

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

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

Related News

Austpro Energy To Join NEO Exchange Following Reverse Merger Deal With DeFi Ventures

Austpro Energy Corporation (TSXV: AUS-H) announced on Monday evening that it has received approval to...

Tuesday, August 17, 2021, 12:29:00 PM

WonderFi Looks To Raise $20 Million Via Bought Deal

WonderFi Technologies (NEO: WNDR) is looking to take advantage of the current positive sentiment within...

Tuesday, October 19, 2021, 08:41:54 AM

WonderFi Tech Replaces Chief Financial Officer

WonderFi Technologies (NEO: WNDR) is replacing its chief financial officer. The firm this morning announced...

Friday, February 18, 2022, 08:35:57 AM

Robinhood To Acquire WonderFi in $250M All-Cash Deal

Robinhood Markets (NASDAQ: HOOD) has struck a deal to acquire Canadian crypto platform WonderFi Technologies...

Tuesday, May 13, 2025, 04:44:57 PM

WonderFi Acquires 17,000 Client Accounts From Bitvo

WonderFi Technologies (TSX: WNDR) continues to consolidate that Canadian crypto landscape, announcing this morning that...

Wednesday, November 15, 2023, 08:33:00 AM