Exodus Movement, Inc. - EXOD STOCK NEWS

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.

Exodus Movement (tZERO ATS:EXOD) plans to release its fiscal 2021 fourth quarter and full year results on March 2, 2022. The Company will host a live webcast to discuss these results at 5:30 PM Eastern Time. Investors can access the webcast through Exodus' website, where the results will also be available prior to the event. Shareholders are invited to submit questions to the management team ahead of the webcast. This event aims to provide insights into the Company's performance and future outlook.

Exodus Movement, Inc. (tZERO ATS: EXOD) has launched an innovative Non-Fungible Token (NFT) Gallery feature, integrating Solana NFTs into its mobile application. This marks the first native NFT marketplace within a mobile wallet, allowing users to store, view, send, and receive Solana NFTs seamlessly. In partnership with Magic Eden, the platform enables browsing, searching, and trading NFTs directly from the wallet. Users can also transfer NFTs easily from other Solana marketplaces, making the NFT experience more accessible and user-friendly.

Exodus Movement, Inc. (EXOD) announced a partnership with SportX, enabling users to access sports and esports betting through the Exodus Wallet. This integration allows cryptocurrency betting on a range of sports, with transactions secured via the Polygon blockchain. The minimum bet is $5 USDC, and users can exchange from over 138 supported digital currencies. CEO JP Richardson highlighted the synergy between sports fans and the DeFi community, aiming to provide an exceptional user experience. The service is available in jurisdictions where betting laws permit.

Exodus Movement reported impressive fiscal results for Q3 2021, with revenues of $18.1 million, up 155% year-over-year. The year-to-date revenue reached $69.4 million, marking a 407% increase compared to the same period last year. The company reported a net income of $9.2 million and diluted earnings per share of $0.32. With strong operational metrics, including 902,986 monthly active users and processed exchange volume of $1 billion, Exodus showcased significant growth and momentum heading into Q4. Additionally, a $2 million share repurchase program was announced.