Bullboard - Stock Discussion Forum WonderFi Technologies Inc WONDF

Primary Symbol: T.WNDR

WonderFi Technologies Inc. provides crypto trading platform in Canada. It also provides centralized and decentralized financial services and products. Its segments include Trading, Payments and Corporate. Its brands include Bitbuy, Coinsquare, SmartPay, and Tetra Trust. Its product is WonderFi Labs. It is also developing two new products, including WonderFi L2 and WonderFi Wallet. WonderFi Labs... see more

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WonderFi Technologies Inc > 📅WonderFi Announces 2021 Year-End Financial Results📅

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Post by AnthonyFauci on Dec 17, 2021 11:17pm

📅WonderFi Announces 2021 Year-End Financial Results📅

Cash Reserves and Crypto Holdings Total $49.7 Million Post-October Financing

Vancouver, British Columbia--(Newsfile Corp. - December 17, 2021) - WonderFi Technologies Inc. (NEO: WNDR) (OTC Pink: WONDF) (WKN: A3C166) (FTX: WNDR) (the "Company" or "WonderFi") today announced its annual 2021 financial results for the year ended September 30, 2021.

Financial Highlights (in CAD):

Total assets as of September 30, 2021 were $25.4 million, including $20.3 million in cash and $4.1 million in crypto assets
Net Cash Used in Operating Activities (Total Cash Burn) of $2.7 million for the year ended September 30, 2021
Total loss and comprehensive loss of $5.1 million for the year ended September 30, 2021

Subsequent Financing

On October 26, 2021, WonderFi announced the closing of a financing for gross proceeds of approximately $26.4 million. Post-financing the Company had cash and crypto holdings totaling $49.7 million including $38.5 million in cash and $11.2 million in crypto assets and other strategic investments, to enable continued execution of WonderFi business plan.

https://finance.yahoo.com/news/wonderfi-announces-2021-end-financial-024900429.html

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