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Ryvyl Inc (RVYL) delivers blockchain-powered payment solutions transforming digital transaction security across global markets. This news hub provides investors and stakeholders with essential updates on the company's financial technology innovations.
Access comprehensive coverage of earnings reports, strategic partnerships, and product developments shaping RVYL's position in blockchain-based financial systems. Our curated collection ensures transparent access to regulatory filings, technology milestones, and market expansion initiatives.
Discover updates about RVYL's advancements in tokenized asset management and immutable ledger applications while tracking industry-specific compliance developments. Content is organized for quick scanning across all devices, maintaining focus on actionable financial insights.
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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.
RYVYL (NASDAQ: RVYL) has entered into an Agreement with an existing noteholder to extend the repayment obligation of its 8% Senior Convertible Note to April 5, 2026. This extension includes a cash payment of $80,000 as an advance on the next interest payment due October 1, 2024. The principal amount outstanding remains $19.1 million. This move aims to enhance the company's financial flexibility and support growth in international markets. The company emphasizes its commitment to strong financial partnerships and long-term success.
RYVYL (NASDAQ: RVYL) reported a 49% increase in Q1 2024 revenue, totaling $16.8 million, driven by a 185% surge in RYVYL EU revenue to $7.1 million. North American revenue grew by 10% to $9.7 million. Q1 2024 processing volume was $994 million, with RYVYL EU contributing $755 million, up 28% from Q4 2023, while North America decreased by 33% to $239 million. Net loss improved to $2.7 million, a significant reduction from $8.0 million in Q1 2023. Adjusted EBITDA also improved to $(0.7) million from $(3.0) million. Cost of revenue rose to $9.7 million, and operating expenses slightly increased to $8.9 million. The company has $88.8 million in cash and restricted cash and $10.5 million in unrestricted cash as of March 31, 2024.
RYVYL Inc. (NASDAQ: RVYL) will unveil its first quarter 2024 financial results on May 14, 2024. The company, known for its payment transaction solutions using blockchain technology, will host a conference call to discuss these results, provide a corporate update, and engage in a Q&A session. Interested parties can participate by dialing in or joining the webcast.
