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Ryvyl Inc. - RVYL STOCK NEWS

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

Ryvyl Inc. (symbol: RVYL) is a cutting-edge technology company specializing in blockchain-based payment solutions. Headquartered in San Diego, with additional offices in Seattle, Las Vegas, and Vancouver, Ryvyl designs and develops disruptive applications integrated into a comprehensive suite of financial products tailored for various industries.

The company’s core offering is the GreenBox POS, a fully-integrated, secure, blockchain-based Point of Sale system. This technology encompasses compliance, financial audit preparation, expense tracking, tax payments, register-specific features, and data fidelity controls. By leveraging blockchain technology, Ryvyl ensures a secure, immutable ledger for recording and storing tokenized assets, representing cash or data.

Ryvyl's software development is primarily in-house, augmented by international subsidiaries. The company collaborates with various vendors to develop customized electronics for point of sale machines and blockchain-based ATMs, significantly upgrading existing solutions.

One of Ryvyl's flagship products, QuickCard, provides a blockchain-powered e-wallet, demonstrating the company’s commitment to utilizing blockchain for real-world financial solutions. Ryvyl has been awarded five provisional patents, reflecting its innovative edge in the tech industry.

Ryvyl operates two main segments: North America and International, with the majority of its revenue generated from the North American market. The company continues to focus on monetizing its proprietary blockchain-based systems to support a wide array of industries.

Recent achievements include various operational highlights and upcoming events, such as the Q4 and Full Year 2023 Conference Call and Webcast on March 26, 2024, and the Q1 2024 Conference Call and Webcast on May 14, 2024. These events are crucial for stakeholders to stay updated on Ryvyl's financial performance and strategic initiatives.

For more information, visit www.ryvyl.com. Investor relations inquiries can be directed to Mark Schwalenberg at MZ Group, reachable at 312-261-6430 or via email at RVYL@mzgroup.us.

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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.

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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.

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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.

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RYVYL Inc. cancels the proposed underwritten public offering of its common stock due to unfavorable market pricing, aiming to protect the interests of the company and its shareholders.
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RYVYL Inc. announces the launch of a proposed underwritten public offering to raise capital for working capital and general corporate purposes. The offering includes an option for the underwriter to purchase additional shares, subject to market conditions.
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RYVYL Inc. (NASDAQ: RVYL) reported record Q4 2023 revenue of $22.3 million, a 100% increase from Q4 2022, exceeding guidance. The company showcased operational highlights, including revenue doubling to $65.9 million for fiscal year 2023. RYVYL EU revenue grew by 294%, with processing volume reaching $1.0 billion in Q4 2023. The partnership with R3 introduced RYVYL Block, enhancing digital transformation. CEO Fredi Nisan highlighted strong revenue growth and strategic initiatives to scale operations, reduce debt, and enter new markets. Despite an expected revenue decline in Q1 2024 due to product transitions, RYVYL is optimistic about future growth fueled by new partnerships and services.
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RYVYL Inc. (NASDAQ: RVYL) to report financial results for Q4 and full year 2023 on March 26, 2024. Conference call scheduled to discuss results and provide corporate update.
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ACI Worldwide partners with a leading payments service provider in Central Eastern Europe to enhance merchant services using the Payments Orchestration Platform, aiming to boost revenues and foster business expansion.
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RYVYL Inc. (NASDAQ: RVYL) announced several milestones, including a 94% increase in full-year 2023 revenue over 2022, a reduction in debt by $60.3 million, and a 67%+ revenue growth expected for 2024. The company also decided to retain its subsidiary coyni, Inc. to drive substantial revenue growth.
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RYVYL Inc. (NASDAQ: RVYL) will participate in the Sequire Investor Summit 2024 to showcase its payment transaction solutions using blockchain technology. The Chairman and CFO will conduct one-on-one meetings and deliver a presentation on January 24, 2024, in San Juan, Puerto Rico.
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FAQ

What is the current stock price of Ryvyl (RVYL)?

The current stock price of Ryvyl (RVYL) is $1.24 as of December 23, 2024.

What is the market cap of Ryvyl (RVYL)?

The market cap of Ryvyl (RVYL) is approximately 9.3M.

What does Ryvyl Inc. do?

Ryvyl Inc. develops and markets blockchain-based payment solutions, providing a comprehensive suite of financial products designed for various industries.

Where is Ryvyl Inc. headquartered?

Ryvyl Inc. is headquartered in San Diego, with additional offices in Seattle, Las Vegas, and Vancouver.

What are some of Ryvyl Inc.'s key products?

Key products include the GreenBox POS system and QuickCard, a blockchain-powered e-wallet.

How does Ryvyl Inc. utilize blockchain technology?

Ryvyl's blockchain technology ensures a secure, immutable ledger for recording and storing tokenized assets, representing cash or data.

What industries benefit from Ryvyl Inc.'s solutions?

Ryvyl's blockchain-based payment solutions benefit a wide range of industries, offering advanced financial products and services.

What are some recent achievements of Ryvyl Inc.?

Recent achievements include operational highlights and upcoming conference calls, such as the Q4 and Full Year 2023 and Q1 2024 Conference Calls.

How can I learn more about Ryvyl Inc.'s financial performance?

Stay updated by attending upcoming conference calls and webcasts, and visit www.ryvyl.com for the latest financial reports and news.

Who can I contact for investor relations information?

For investor relations inquiries, contact Mark Schwalenberg at MZ Group, reachable at 312-261-6430 or via email at RVYL@mzgroup.us.

What are the main segments Ryvyl Inc. operates in?

Ryvyl operates in two main segments: North America and International, with the majority of revenue generated from North America.

Where can I find more information about Ryvyl Inc.?

For more detailed information, visit Ryvyl's official website at www.ryvyl.com.

Ryvyl Inc.

Nasdaq:RVYL

RVYL Rankings

RVYL Stock Data

9.30M
5.20M
29.83%
2.97%
3.11%
Software - Infrastructure
Services-management Consulting Services
Link
United States of America
SAN DIEGO