TORONTO, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Immutable Holdings Inc. (NEO:HOLD) (“Immutable Holdings” or the “Company”), a publicly-traded blockchain holding company, is pleased to announce its quarterly financial results for the three and six month periods ended June 30, 2022.

“We’re very pleased with the results,” said Jordan Fried, founder and CEO of Immutable Holdings. “We will continue to build and remain focused on our mission – same as last quarter, same as next.”

Select Financial and Operating Highlights for the Second Quarter 2022 (expressed in Canadian Dollars):

In April 2022, the Company launched NFT.com with the sale of its Genesis Keys collection which are unique fully animated, non-fungible tokens (“NFTs”). The Genesis Keys are separable into five identifiable NFTs, including the key and four unique profile mints on the NFT.com platform along with access to the team and the roll-out of the broader platform.

Total revenues of $8.5 million recognized for the three months period ended June 30, 2022, and $8.7 million for the six months period ended June 30, 2022.

Total net income of $3.7 million for the three months period ended June 30, 2022, and net loss of $0.97 million for the six months period ended June 30, 2022.

Total assets as at June 30, 2022 of $24.6 million, including $20.2 million in cash, $0.2 million in digital assets, and a $2.6 million digital asset loan receivable.