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Exodus Movement, Inc. - EXOD STOCK NEWS

Welcome to our dedicated page for Exodus Movement news (Ticker: EXOD), a resource for investors and traders seeking the latest updates and insights on Exodus Movement stock.

EXODUS MOVEMENT INC A (symbol: EXOD) is a leading technology company specializing in developing innovative software solutions for the digital world. They focus on creating cutting-edge applications that enhance user experience and streamline business operations. With a strong emphasis on research and development, EXODUS MOVEMENT INC A has achieved remarkable success in delivering high-quality products to the market. Their commitment to excellence and customer satisfaction has established them as a key player in the industry.

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Exodus Movement, Inc. (tZERO: EXOD) reported its fiscal Q3 2022 results, showing a 39% decline in revenue to $11.0 million compared to Q3 2021. Year-to-date revenue also fell 43% to $39.4 million. Operating losses increased significantly, with a loss from operations of $0.1 million versus a profit of $6.5 million the previous year. Monthly active users dropped 15%, totaling 764,863. A workforce reduction of 22% was implemented to adapt to market conditions. Despite challenges, the company maintains a strong balance sheet with $77 million in digital assets.

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Exodus Movement, Inc. (EXOD) announced the addition of BNB Smart Chain support in its browser-based Web3 Wallet. This move aims to attract users by leveraging BSC’s reliability and low fees, enhancing accessibility to DeFi projects and NFTs. The wallet now supports multiple blockchains, including Solana, Ethereum, and Polygon, and is expected to add more chains like Fantom and Avalanche by year-end. The integration positions Exodus as a comprehensive platform for Web3 exploration, appealing to both large and small investors in the growing DeFi space.

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Exodus Movement, Inc. (EXOD) has integrated Polygon support into its Web3 Wallet. This enhancement allows users to access Polygon's extensive ecosystem, which includes over 53,000 decentralized applications (dApps). CEO JP Richardson highlighted that this addition offers a fast, cost-effective alternative for transactions compared to Ethereum. The wallet already supports multiple blockchains and plans to add Binance Smart Chain, Fantom, and Avalanche by year-end. Polygon aims to facilitate greater DeFi accessibility, catering to both experienced and novice users.

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Exodus Movement, Inc. (tZERO and Securitize ATS:EXOD) will host its fiscal 2022 third quarter earnings webcast on November 9, 2022 at 3:30 PM ET. The presentation will be accessible via their website, and preliminary results will be published prior to the call. Shareholders can submit questions via email to Exodus management. Founded in 2015, Exodus aims to simplify cryptocurrency management through its user-friendly multi-asset software wallet, supporting over 10,000 asset pairs while ensuring privacy and security.

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Exodus Movement, Inc. has announced the integration of Algorand support in its Web3 Wallet, marking it as the first multi-chain product to facilitate connections between Solana, Ethereum, and Algorand blockchains. According to CEO JP Richardson, this development enhances user access to Algorand’s advanced features, allowing for seamless NFT collection and DeFi participation. Furthermore, support for additional DeFi chains like Binance Smart Chain and Polygon is anticipated later this year, showcasing Exodus's commitment to innovation in the cryptocurrency domain.

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Exodus Movement, Inc. announced the launch of its innovative multi-chain DeFi solution, enabling users to access Web3 via a new browser extension. Customers can manage cryptocurrency activities like sending, receiving, and trading across multiple platforms, including Solana and Ethereum. The company aims to simplify DeFi for everyone and plans to add support for additional blockchains such as Algorand, Binance Smart Chain, Polygon, and others by the end of the year. The extension is designed with user safety and ease-of-use in mind.

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Exodus Movement reported a significant decline in Q2 2022 revenue, totaling $13.0 million, a 53% decrease from Q2 2021. Operating losses reached $14.8 million, while total costs surged 51% year-on-year. Despite these challenges, the company maintained over 800,000 monthly active users and secured around $80 million in cash and digital assets. The executive team remains optimistic about their self-custodial platform amidst market volatility, emphasizing the importance of user loyalty and product enhancement.

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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.

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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.

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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.

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FAQ

What is the current stock price of Exodus Movement (EXOD)?

The current stock price of Exodus Movement (EXOD) is $30.68 as of December 31, 2024.

What is the market cap of Exodus Movement (EXOD)?

The market cap of Exodus Movement (EXOD) is approximately 828.7M.

What is EXODUS MOVEMENT INC A known for?

EXODUS MOVEMENT INC A is known for developing innovative software solutions for the digital world, focusing on enhancing user experience and streamlining business operations.

What sets EXODUS MOVEMENT INC A apart from its competitors?

EXODUS MOVEMENT INC A stands out from its competitors due to its strong emphasis on research and development, commitment to excellence, and customer satisfaction.

How has EXODUS MOVEMENT INC A achieved success in the market?

EXODUS MOVEMENT INC A has achieved success in the market by delivering high-quality products through a combination of innovation, dedication, and a focus on meeting customer needs.

What is the core focus of EXODUS MOVEMENT INC A's business?

The core focus of EXODUS MOVEMENT INC A's business is developing cutting-edge software applications that improve user experience and optimize business processes.

What is EXODUS MOVEMENT INC A's approach to product development?

EXODUS MOVEMENT INC A takes a research-driven approach to product development, ensuring that their solutions are at the forefront of technology and meet the evolving needs of their customers.

How does EXODUS MOVEMENT INC A prioritize customer satisfaction?

EXODUS MOVEMENT INC A prioritizes customer satisfaction by actively seeking feedback, addressing issues promptly, and continuously improving their products and services.

What is the vision of EXODUS MOVEMENT INC A for the future?

EXODUS MOVEMENT INC A aims to continue leading the market with innovative software solutions, expanding their reach, and establishing long-term partnerships with clients.

How does EXODUS MOVEMENT INC A contribute to the industry?

EXODUS MOVEMENT INC A contributes to the industry by setting standards for excellence in software development, driving technological advancements, and shaping the digital landscape.

What is EXODUS MOVEMENT INC A's commitment to excellence?

EXODUS MOVEMENT INC A is committed to excellence by continuously striving for improvement, delivering top-notch products, and ensuring customer satisfaction.

How can investors get in touch with EXODUS MOVEMENT INC A?

Investors can contact EXODUS MOVEMENT INC A at investors@exodus.com for more information about the company and its performance.
Exodus Movement, Inc.

OTC:EXOD

EXOD Rankings

EXOD Stock Data

828.66M
5.21M
20.67%
Software - Infrastructure
Finance Services
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United States of America
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