Borse Frankfurt: UCD2
– Grows quarterly revenue virtually 200% sequentially-
– Recent AUM in excess of $150 Million, 50% progress in a lot less than a thirty day period –
NEW YORK, Nov. 30, 2020 Voyager Electronic Ltd. (“Voyager” or the “Company”) (CSE:VYGR) (OTCQB:VYGVF) (FRA: UCD2), a publicly traded, certified crypto-asset broker that gives buyers with a turnkey remedy to commit in crypto belongings, currently declared select fiscal effects for its fiscal 2021 very first quarter finished September 30, 2020 and is pleased to give shareholders with a enterprise and operational update.
For additional thorough details, the Company encourages investors to examine its interim economical statements and linked Management Discussion & Investigation (“MD&A”) for the 3 months ended September 30, 2020, which will be submitted with SEDAR today.
“Our sturdy fiscal 2020 momentum carried more than into the to start with fiscal quarter of 2021, wherever we noticed file income and customer asset development,” reported Stephen Ehrlich, Co-founder and CEO of Voyager. “As a consequence of the continued adoption of our reliable and safe platform, our income grew somewhere around 200% on a sequential basis throughout the September quarter. Additional a short while ago, our Property Below Management (AUM) exceeded $150 million, up noticeably from the $100 million we noted on November 6th. Voyager’s business enterprise is crafted to scale and excel in both up and down markets, as shoppers are inclined to trade when the markets shift in possibly course. Furthermore when markets are flat, Voyager even now earns income on account balances due to our fascination product.”
Mr. Ehrlich continued, “We have viewed the acceleration of mainstream acceptance of cryptocurrencies as an asset course, and clients are ever more turning to our platform to do their investing, as customers of the system have currently increased above 20% considering that September. Clients are significantly joining us at Voyager, in which they can trade commission-free and receive fascination on more than 50 electronic property. Notably, while the increase of Bitcoin and other cryptocurrencies has contributed to our AUM development, additional than 65% of the growth is pushed by amplified user deposits.”
Financial and Operational Milestones In the course of & Subsequent to First Quarter 2021 Finished September 30, 2020
- Revenue grew 200% to around USD$2. million, for the fiscal quarter ended September 30, 2020, compared to USD$700,000 for the previous quarter
- Income for the quarter of approximately USD$2.0mm is an raise from USD$70,000 from the quarter ended September 30, 2019
- Completed a C$5.7 million personal placement, consisting of a C$5.3 million brokered placement of unique warrants and a concurrent C$.4 million non-brokered non-public placement in November 2020, Belongings Under Management (AUM) surpassed USD$150 million, up from USD$5 million at the close of December 2019, symbolizing a 30x improve in excess of a period in the course of which Bitcoin amplified just below 2.5x in price
Modern Company Milestones
- Net deposits continue on to established every day data, averaging in excessive of USD$750,000 for each working day in the course of November 2020, up 10x from June 2020.
- Organization surpasses USD$1 million of monthly earnings for the first time through November 2020
- Extra the 52nd digital asset and 10th DeFi asset to Voyager’s fee-free of charge crypto buying and selling platform
- Greater Voyager’s interest featuring to 22 belongings, up from 14 property at June 30, 2020
- Additional new institutional featuring, expanding Voyager’s attain to corporate treasury desks and institutional accounts
- Expanded management workforce with the addition of Evan Psaropoulos as Chief Economical Officer, Michael Legg as Head of Communications, and Lewis Bateman as Head of Enterprise Advancement and Intercontinental Approach
- Fashioned an advisory partnership with NBA Corridor of Famer Tracy McGrady, helping to educate buyers about Voyager’s business-major fascination program, giving up to 9.5% curiosity on numerous electronic assets
- Announced the acquisition of LGO, SAS, an AMF controlled entity which delivers Voyager a totally licensed European entity to expedite our European approach. The offer is expected to close by yr conclude
- Awarded The People’s Choice Award at the 6th yearly 2020 Benzinga Global FinTech Awards in November 2020
Mr. Ehrlich extra, “In fiscal 2021, we will retain strengthening our platform so we can continue on to deliver our customers with a remarkable electronic asset investing encounter. This incorporates the improvement of debit and credit cards, margin items, desktop, and continued growth of our marketplace-main desire method, which at this time includes 22 curiosity-bearing property. In addition to adding new attributes and implementing platform enhancements, we are also centered on expanding internationally and eventually bringing the Voyager Application to investors across the world. We are thrilled with our progress so considerably, and our group stays dedicated to developing Voyager even even more and giving our loyal consumers the greatest investing practical experience for their crypto property.”
About Voyager Electronic Ltd.
Voyager Digital Ltd. is a crypto-asset broker that gives retail and institutional traders with a turnkey remedy to trade crypto property. Voyager features buyers most effective execution and safe custody on a broad decision of popular crypto-assets. Voyager was launched by established Wall Avenue and Silicon Valley business people who teamed to carry a better, a lot more clear and cost-effective different for investing crypto-property to the marketplace. Be sure to check out us at https://www.investvoyager.com for additional facts and to evaluation the most recent Company Presentation.
Neither the Canadian Securities Trade nor its Marketplace Regulator (as that time period is defined in the procedures of the Canadian Securities Trade) accepts obligation for the adequacy or accuracy of this launch. No securities regulatory authority has either approved or disapproved of the contents of this push launch.
Cautionary Assertion Regarding Ahead-Searching Data: The ahead-wanting statements contained herein are manufactured as of the date of this launch and, other than as expected by relevant securities guidelines, the Business does not think any obligation to update or revise it to mirror new situations or circumstances. There is no assurance any of the impending milestones stated over will be recognized in the way contemplated, or at all. The ahead-wanting statements contained in this launch are expressly competent by this cautionary assertion.
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Resource Voyager Electronic (Canada) Ltd.