VOYAGER DIGITAL REPORTS REVENUE OF US$164.8 MILLION NEW YORK, Feb. 15, 2022 /PRNewswire/ - Voyager Digital Ltd. ("Voyager" or the "Company") (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced revenue and user metrics for the Fiscal 2022 Second Quarter ended December 31, 2021.
"I am excited to report our best quarter ever, doubling our revenue from the previous quarter, and highlighting Voyager's positioning and revenue opportunity in active markets," said Steve Ehrlich, CEO and Co-founder of Voyager. Ehrlich continued, "More importantly, we delivered significant revenue growth and supported a marked increase in customer activity without any material system issues during the quarter, highlighting the steps we've taken to build out the scale and security of the Voyager platform in 2021, as we position Voyager for a series of product roll outs in calendar 2022.
"We are a product delivery organization and are taking the necessary steps to continue our revenue diversification strategy," continued Mr. Ehrlich. "The launch of our Voyager Debit Card, which allows for payroll direct deposits, is the next step in revenue diversification. We recently added engineering resources to our team which allowed us to add more tokens to the trading platform, and tokens available for staking. By the end of the March quarter, we expect our desktop platform and dark mode will be added to our product offering. We are also building towards adding equities to the platform, expanding the platform to Europe and Canada, and offering an NFT product and wallet. All of these are significant opportunities for the Company; and with our NFT platform we intend to make the viewing, acquiring and custody of NFTs easy for consumers."
The Company is pleased to announce the following Fiscal 2022 Second Quarter ended December 31, 2021 Financial and Operational Key Metrics:
- Revenue for the quarter is $164.8 million with $149.0 million for the historical business and $15.8 million from the Coinify merchant business. The $164.8 million in revenue is up over 4400% compared to $3.5 million for the quarter ended December 31, 2020.
- Revenue for the calendar year ended December 31, 2021 is $415.8 million vs $6.6 million for the calendar year ended December 31, 2020.
- Adjusted EBITDA is $17.4 million for the quarter vs $2.8 million for the quarter ended December 31, 2020.
- Operating Income is $3.2 million for the quarter vs a loss of $2.9 million for the quarter ended December 31, 2020.
- Total verified users on the platform stand at more than 3.2 million, up 49% from 2.15 million at the quarter ended September 30, 2021.
- Total funded accounts exceed 1,074,000 as of December 31, 2021, up 25% from 860,000 at the quarter ended September 30, 2021.
- Total Assets on Platform grew to $5.9 billion from $4.3 billion at September 30, 2021.
- Our headcount increased to 250 as of December 31, 2021, from 231 at September 30, 2021.
All figures are preliminary and unaudited and subject to final adjustment. All amounts are in U.S. dollars, unless otherwise indicated.
"I am truly excited about where we are and where we are going. Voyager's business continues to grow every day and the company is well positioned as a pioneer in the digital asset space," Ehrlich added.