EXODUS MOVEMENT INC A - EXOD STOCK NEWS

Exodus Movement, Inc. (tZERO: EXOD) announced preliminary results for Q2 2022, reporting a processed volume of $700 million, representing a 57% decline year-over-year from $1.6 billion. As of June 30, 2022, the company holds over $80 million in cash and digital assets. Monthly active users (MAUs) remained stable at 817,972, despite a sequential decrease of 6%. Exodus launched fiat on-ramp capabilities, allowing customers to convert $15 million into crypto. The firm continues to focus on product development while managing a full-time team of approximately 290 employees.

Exodus Movement, a leading self-custodial cryptocurrency platform, will participate in the JMP Securities Technology Forum on July 12, 2022, in Calistoga, California. CFO James Gernetzke and Director of Investor Relations Allysa Howell will engage in one-on-one and small group meetings with financial sponsors and corporate development professionals. A presentation will be accessible on the Company's website's 'Shareholder' page. For inquiries about the conference participation, reach out to investors@exodus.com.

Exodus Movement announced its Q1 2022 results, reporting a 35% decline in revenue to $15.4 million compared to Q1 2021. Despite this, Exodus maintains strong liquidity with over $120 million in liquid assets. Operating expenses increased by 102%, totaling $8.9 million, leading to an operating loss of ($0.7 million). However, the company reported an increase in monthly active users to 875,275, up 11% year-over-year. Exodus plans to launch a new browser extension on May 17 to enhance its Web3 offerings.

Exodus Movement, Inc. has announced the launch of a new feature allowing customers to purchase cryptocurrency directly using their bank accounts via the Exodus mobile application. Powered by Ramp Network, this fiat on-ramp enables users to exchange fiat currencies like USD, EUR, or GBP for over 25 cryptocurrencies within the app. CEO JP Richardson emphasized the goal of removing barriers to DeFi participation, enhancing accessibility for users. Existing customers can utilize this feature by updating their app, while new users can download the latest version on Android and iOS.

Exodus Movement, Inc. (EXOD) will host its fiscal 2022 Q1 earnings webcast on May 11, 2022, at 3:30 PM ET. Prior to the call, the earnings results will be accessible on the Investor Relations section of the company’s website. Shareholders can submit questions via email. Exodus aims to simplify cryptocurrency management with its self-custodial platform, supporting over 10,000 asset pairs. The company continues its mission to empower users to exit traditional finance by 2030.

Exodus Movement, Inc. (EXOD) will participate in the Bitcoin 2022 conference in Miami, Florida from April 6-9, 2022. As the recommended Bitcoin Lightning Wallet, Exodus aims to increase brand awareness among over 35,000 expected attendees. The company plans to offer promotions and a $10 bitcoin lightning reward at its booth. The event, the largest of its kind, will connect numerous enthusiasts and industry leaders, enhancing engagement in the cryptocurrency sector.

Exodus has commenced trading its shares under symbol EXOD on Securitize Markets as of March 16, 2022. This follows a successful $75 million capital raise in 2021. The platform offers various benefits, including around-the-clock trading and fee-free transactions. Over 6,800 retail investors participated in the capital raise, reflecting strong community support. Trading access spans all 50 U.S. states and over 40 countries, enhancing liquidity and investment opportunities for Exodus shares. CEO JP Richardson emphasized the importance of enabling customer ownership.

Exodus Movement, Inc. (tZERO: EXOD) reported a remarkable fiscal performance for 2021, achieving a full year revenue of $95.8 million, marking a 350% increase year-over-year. Q4 revenue reached $26.4 million, also up 247% from Q4 2020. The company saw substantial growth in user engagement, with 914,912 monthly active users, a 122% year-over-year increase. Adjusted EBITDA soared to $16.5 million in Q4 and $53.7 million for the year, reflecting its strong operational growth and brand loyalty amidst market fluctuations.

Exodus Movement has postponed its fourth quarter and full year 2021 earnings release to March 9, 2022, due to an audit delay. The earnings webcast is set for 2:30 PM ET on the same date. The audit revealed a non-cash adjustment tied to the extinguishment of SAFEs for 2.9 million Class B shares earlier in 2021, which does not impact actual business performance. The Company will file its Form 1-K by this date as well.