Ryvyl Inc. - RVYL STOCK NEWS

RYVYL Inc. (NASDAQ: RVYL) reported Q3 2024 financial results with revenue of $12.6 million, down from $17.5 million in Q3 2023. International revenue grew 96% year-over-year, with processing volume increasing 31% to $1,123 million. The company's gross margin slightly improved to 38.5%. Operating expenses decreased to $7.3 million from $9.0 million in Q3 2023. RYVYL updated its 2024 guidance, projecting full-year revenue between $56-60 million. The company also signed an MOU to restructure its balance sheet, addressing $19.0 million in convertible notes and $53.5 million in preferred stock.

RYVYL Inc. (NASDAQ: RVYL) has signed a non-binding MOU with an investor to retire debt obligations. The agreement covers the full repayment of an 8% Senior Convertible Note ($19.0M outstanding) and redemption of Series B Convertible Preferred Stock ($53.5M liquidation value) for a total consideration of $16.5M. The payment structure includes a first tranche of $12.8M due by November 22, 2024, and a remaining $3.7M note payment due January 31, 2025. The company plans to fund this through new equity, debt, or convertible debt financings, though success is not guaranteed.

RYVYL Inc. (NASDAQ: RVYL), a payment transaction solutions provider, has scheduled its Q3 2024 financial results announcement for Thursday, November 14, 2024, after market close. Management will host a conference call at 4:30 p.m. Eastern Time to discuss results for the quarter ended September 30, 2024. The call will include a corporate update and Q&A session. Questions can be submitted in advance to RYVYL@lhai.com. A replay will be available through January 14, 2025, and the webcast recording will be accessible for 90 days on RYVYL's IR website.

RYVYL Inc. (NASDAQ: RVYL), a leader in payment transaction solutions using proprietary blockchain ledger and electronic payment technology, has announced its participation in the LD Micro Main Event XVII. The event is scheduled for October 28-30, 2024, at the Luxe Sunset Blvd Hotel in Los Angeles.

RYVYL's Chairman and Co-Founder, Ben Errez, along with Chief Financial Officer, George Oliva, will be present to deliver a presentation and engage in one-on-one meetings with investors. The company's presentation is set for October 29 at 11:00 am PT.

Interested parties can access the presentation webcast through the investor relations section of RYVYL's website. For scheduling meetings or additional information, attendees are encouraged to contact their conference representative or email RYVYL@lhai.com.

RYVYL Inc. (NASDAQ: RVYL), a leader in payment transaction solutions using blockchain and electronic payment technology, will participate in the H.C. Wainwright 26th Annual Global Investment Conference from September 9-11, 2024, in New York City. Chairman and Co-Founder Ben Errez and CFO George Oliva will present to attendees and be available for one-on-one meetings with investors.

The presentation is scheduled for September 11 at 9:30 am ET. Investors can access the webcast through the conference website or RYVYL's investor relations page. This event provides an opportunity for RYVYL to showcase its innovative solutions and engage with potential investors in the fintech sector.

RYVYL Inc. (NASDAQ: RVYL) reported Q2 2024 financial results, with revenue at $11.9 million, including $8.9 million from RYVYL EU. International revenue grew 134% year-over-year, partially offsetting lower North American revenue. Processing volume increased 55% to $1,055 million. The company aligned its U.S. operations to manage banking regulation impacts and is expanding into new verticals with private and white label licensing solutions.

Key financial highlights include:

• Gross margin at 39.9%
• Operating expenses of $15.6 million, including $8.3 million in mostly non-cash charges
• Adjusted EBITDA of negative $1.6 million
• Cash and restricted cash totaled $75.2 million as of June 30, 2024

RYVYL expects full-year 2024 revenue between $65-70 million and processing volumes to exceed $4 billion. Q3 2024 revenue is projected at $14-15 million, with strong sequential growth and Adjusted EBITDA profitability expected in Q4 2024.

RYVYL Inc. (NASDAQ: RVYL) has licensed its payment-platform-as-a-service (PPaaS) to a U.S.-based licensee for nationwide deployment of Card Present (CP) and Card Not Present (CNP) transactions. This exclusive U.S. license agreement is expected to generate revenue starting in Q4 2024, with RYVYL earning per-transaction fees. The licensee will integrate the platform with its banking network by the end of Q3 2024 and plans to onboard over 1,000 merchants.

This licensing model aims to create a new high-margin revenue stream for RYVYL while reducing operational expenses and improving overall company gross margin. The partnership is expected to benefit both businesses and consumers through advanced payment technologies, including touchless payments and QR code transactions.

RYVYL Inc. (NASDAQ: RVYL), a leader in payment transaction solutions using blockchain and electronic token technology, has announced its plans to release Q2 2024 financial results on August 13, 2024, after market close. The company will host a conference call at 4:30 p.m. Eastern Time on the same day to discuss the results for the quarter ended June 30, 2024, provide a corporate update, and conduct a Q&A session.

Investors can participate via phone or webcast, with dial-in numbers provided for both US and international callers. A replay of the call will be available until October 13, 2024, and an archived version of the webcast will be accessible for 90 days on RYVYL's IR website.

RYVYL (NASDAQ: RVYL) has restructured its U.S. operations, focusing on licensing and diversifying into new vertical markets within its Northeast Merchant Systems (NEMS) unit.

Christian Murray, a fintech veteran, has been promoted to Managing Director of NEMS, effective July 15, 2024. Murray will also lead the company's licensing strategy. This move aims to enhance market penetration and revenue streams amid recent regulatory impacts on U.S. segment revenue.

In March 2024, RYVYL streamlined its operations by outsourcing payment logistics and reducing its U.S. workforce by 25%, which improved efficiencies and freed up resources for reinvestment.

CEO Fredi Nisan emphasized the company's focus on leveraging software licensing and addressing changes in the fintech compliance landscape to capture new opportunities and provide exceptional market value.