Exodus Movement, Inc. - EXOD STOCK NEWS

Exodus Movement, Inc. (OTCQX: EXOD) has announced a strategic partnership with Blockchain.com to integrate fiat on-ramp capabilities into its Passkeys Wallet. This collaboration allows users to create and fund crypto wallets seamlessly, supporting multiple blockchain networks. Key features include:

1. Easy wallet creation and funding in seconds
2. KYC completion and crypto purchases available in over 50 countries
3. Enhanced security with Multi-Party Computation (MPC) technology
4. Support for Bitcoin, Polygon, Solana, Ethereum, and other major networks
5. User-friendly authentication options like FaceID and TouchID

The partnership aims to simplify crypto adoption and improve user experience, setting a new standard for accessibility and security in the cryptocurrency industry.

Exodus Movement (OTCQX: EXOD) reported strong Q2 2024 results, with revenue up 80% year-over-year to $22.3 million. The company's exchange aggregation service was the primary revenue driver, contributing 89.4% of operating revenue. Monthly Active Users increased to 1.5 million, up from 1.2 million in Q2 2023. However, Exodus faced a significant net loss of $9.6 million, compared to a $1.9 million profit in Q2 2023, primarily due to a $117.2 million loss on digital assets. Despite this, the company reported positive Adjusted EBITDA of $5.8 million, up 43% year-over-year. Exodus maintains a strong financial position with $195.5 million in digital assets and cash, including $70.7 million in cash and cash equivalents.

Exodus Movement, Inc. (OTCQX: EXOD), a leading self-custodial cryptocurrency software platform, has announced it will release its financial results for the second quarter ended June 30, 2024 after U.S. markets close on August 12, 2024. The company will host a webcast at 5:00 p.m. Eastern Time on the same day to discuss the results. Investors can access the webcast through a provided link or the company's website. Supplementary materials will be made available on the 'Investor Relations' section of the Exodus website prior to the webcast.

Exodus Movement (OTCQX: EXOD) has launched its new Passkeys Wallet, aimed at easing Web3 onboarding and DApp integration. The wallet allows users to create and fund their wallets directly within applications without needing seed phrases or email verifications. Key features include easy developer integration, integrated digital asset purchases, cross-chain swapping, and robust security through Multi-Party Computation technology. Passkeys Wallet supports Ethereum Virtual Machine (EVM), Bitcoin (BTC), and Solana (SOL), offering users flexibility across blockchain ecosystems. A waitlist for early access is now available.

Exodus Movement, Inc. (EXOD) faced a delay in listing its Class A common stock on the NYSE American due to the SEC's review of its registration statement. The original listing date of May 9, 2024, has been postponed until the review is completed. The company's shares will continue to trade on the OTCQX exchange under the symbol 'EXOD' until further notice.

Exodus Movement, Inc. reported record revenue of $29.1 million in Q1 2024, up by 118% year-over-year. The company showcased strong momentum in its Wallet-as-a-Service and fiat onboarding products. Additionally, Exodus announced an uplisting on NYSE American under the ticker symbol EXOD on May 9th, 2024. The company's preliminary financial highlights include a significant increase in operating income and net income. The operational highlights feature a surge in exchange provider processed volume, monthly funded users, and monthly active users. Exodus is well-positioned for future growth opportunities with a healthy financial profile.

Exodus Movement, Inc. will announce its first-quarter 2024 financial results on May 6, 2024. The leading self-custodial cryptocurrency software platform will host a webcast to discuss the results. Investors can access the webcast and supplementary materials on the Company's website.

Exodus Movement, Inc. announced its common stock uplisting to the NYSE American stock exchange, effective May 9, 2024, under the symbol 'EXOD'. The move aims to enhance long-term value for stockholders, increase liquidity, and raise awareness of Exodus in the investor community.

Exodus Movement, Inc. (EXOD) reported full year revenue of $56.2 million for fiscal 2023, showing an 11% increase from 2022. The company's Q4 2023 revenue was $18.5 million, a 64% rise from Q4 2022. Despite a 99% increase in total cost of revenues, operating expenses decreased by 43%. Exodus achieved an operating margin of 36% and an adjusted EBITDA of $17.6 million, up by 1122% from 2022. The company's digital assets and cash stood at $138.3 million as of December 31, 2023. Exodus also saw growth in exchange volume and monthly active users.