WonderFi Provides Q4 2024 Financial Guidance
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF) has released its Q4 2024 financial guidance, projecting total revenue and interest income between $20.5-$21.0 million for Q4, marking a 156% increase from the previous quarter. The company expects positive EBITDA of $4.2-$4.5 million with a 21-22% margin.
Full-year 2024 revenue is projected at $61.5-$62 million, with cash and digital assets expected to reach $48.5 million by year-end, showing a 30% year-over-year increase. The company's cryptocurrency platforms, Bitbuy and Coinsquare, processed over $1.1 billion in trading volumes during Q4, with client assets under custody reaching $2.1 billion, up 110% from the previous year. Additionally, clients staked approximately $108 million in cryptocurrencies.
The company has also completed a share buyback program, repurchasing 7.3 million common shares at an average price of $0.20.
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF) ha pubblicato le sue previsioni finanziarie per il quarto trimestre del 2024, prevedendo ricavi totali e reddito da interessi tra i 20,5 e i 21,0 milioni di dollari per il Q4, segnando un aumento del 156% rispetto al trimestre precedente. L'azienda si aspetta un EBITDA positivo di 4,2-4,5 milioni di dollari con un margine del 21-22%.
I ricavi totali per l'intero anno 2024 sono previsti tra 61,5 e 62 milioni di dollari, con liquidità e beni digitali che si prevede raggiungano i 48,5 milioni di dollari entro la fine dell'anno, mostrando un aumento del 30% rispetto all'anno precedente. Le piattaforme di criptovalute dell'azienda, Bitbuy e Coinsquare, hanno elaborato oltre 1,1 miliardi di dollari in volumi di trading durante il Q4, con attivi dei clienti sotto custodia che hanno raggiunto i 2,1 miliardi di dollari, in aumento del 110% rispetto all'anno precedente. Inoltre, i clienti hanno messo in staking circa 108 milioni di dollari in criptovalute.
L'azienda ha anche completato un programma di riacquisto di azioni, riacquistando 7,3 milioni di azioni ordinarie a un prezzo medio di 0,20 dollari.
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF) ha publicado sus previsiones financieras para el cuarto trimestre de 2024, proyectando ingresos totales y ingresos por intereses entre 20,5 y 21,0 millones de dólares para el Q4, lo que representa un aumento del 156% con respecto al trimestre anterior. La compañía espera un EBITDA positivo de 4,2-4,5 millones de dólares con un margen del 21-22%.
Los ingresos totales para el año completo 2024 se proyectan entre 61,5 y 62 millones de dólares, con efectivo y activos digitales que se espera alcancen los 48,5 millones de dólares para fin de año, mostrando un aumento del 30% en comparación con el año anterior. Las plataformas de criptomonedas de la compañía, Bitbuy y Coinsquare, procesaron más de 1,1 mil millones de dólares en volúmenes de trading durante el Q4, con activos de clientes bajo custodia alcanzando los 2,1 mil millones de dólares, un aumento del 110% con respecto al año anterior. Además, los clientes participaron en staking de aproximadamente 108 millones de dólares en criptomonedas.
La compañía también ha completado un programa de recompra de acciones, recomprando 7,3 millones de acciones comunes a un precio promedio de 0,20 dólares.
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF)는 2024년 4분기 재무 가이던스를 발표하며 총 수익 및 이자 수익이 2050만 달러에서 2100만 달러 사이에 이를 것으로 예상되며, 이는 전 분기 대비 156% 증가한 수치입니다. 회사는 420만 달러에서 450만 달러의 양호한 EBITDA를 예상하고 있으며, 이익률은 21-22%로 추정됩니다.
2024년 전체 연간 수익은 6150만 달러에서 6200만 달러로 예상되며, 현금 및 디지털 자산은 연말까지 4850만 달러에 이를 것으로 보이며, 이는 전년 대비 30% 증가한 수치입니다. 회사의 암호화폐 플랫폼인 Bitbuy와 Coinsquare는 4분기 동안 11억 달러 이상의 거래량을 처리했으며, 고객 자산 수탁액은 21억 달러에 달해 전년 대비 110% 증가했습니다. 또한 고객들은 약 1억 800만 달러에 해당하는 암호화폐를 스테이킹했습니다.
회사는 또한 730만 주의 보통주를 평균 0.20 달러에 재매입하는 주식 매입 프로그램을 완료했습니다.
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF) a publié ses prévisions financières pour le quatrième trimestre de 2024, prévoyant des revenus totaux et des revenus d'intérêts compris entre 20,5 et 21,0 millions de dollars pour le Q4, ce qui représente une augmentation de 156 % par rapport au trimestre précédent. L'entreprise s'attend à un EBITDA positif de 4,2 à 4,5 millions de dollars, avec une marge de 21-22 %.
Les revenus annuels 2024 sont estimés entre 61,5 et 62 millions de dollars, avec des liquidités et des actifs numériques atteignant 48,5 millions de dollars d'ici la fin de l'année, affichant une augmentation de 30 % par rapport à l'année précédente. Les plateformes de cryptomonnaies de l'entreprise, Bitbuy et Coinsquare, ont traité plus de 1,1 milliard de dollars de volumes de trading au cours du Q4, avec des actifs des clients sous garde atteignant 2,1 milliards de dollars, en hausse de 110 % par rapport à l'année précédente. De plus, les clients ont staké environ 108 millions de dollars en cryptomonnaies.
L'entreprise a également achevé un programme de rachat d'actions, rachetant 7,3 millions d'actions ordinaires à un prix moyen de 0,20 dollar.
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF) hat seine Finanzprognose für das vierte Quartal 2024 veröffentlicht und rechnet mit Gesamteinnahmen und Zinserträgen zwischen 20,5 und 21,0 Millionen US-Dollar für das Q4, was einen Anstieg von 156 % im Vergleich zum vorherigen Quartal bedeutet. Das Unternehmen erwartet ein positives EBITDA von 4,2 bis 4,5 Millionen US-Dollar mit einer Marge von 21-22 %.
Der Gesamtumsatz für das Jahr 2024 wird auf 61,5 bis 62 Millionen US-Dollar geschätzt, während Bargeld und digitale Vermögenswerte bis Ende des Jahres voraussichtlich 48,5 Millionen US-Dollar erreichen, was einem Anstieg von 30 % im Vergleich zum Vorjahr entspricht. Die Kryptowährungsplattformen des Unternehmens, Bitbuy und Coinsquare, verarbeiteten im Q4 Handelsvolumina von über 1,1 Milliarden US-Dollar, während die treuhänderischen Vermögenswerte der Kunden 2,1 Milliarden US-Dollar erreichten, einem Anstieg von 110 % im Vergleich zum Vorjahr. Außerdem haben die Kunden etwa 108 Millionen US-Dollar in Kryptowährungen gestakt.
Das Unternehmen hat außerdem ein Aktienrückkaufprogramm abgeschlossen und 7,3 Millionen Stammaktien zu einem Durchschnittspreis von 0,20 US-Dollar zurückgekauft.
- Record quarterly revenue expected ($20.5-$21.0M), up 156% QoQ
- Positive EBITDA of $4.2-$4.5M with 21-22% margin in Q4
- Cash and digital assets up 30% YoY to $48.5M
- Client assets under custody increased 110% YoY to $2.1B
- $1.1B in trading volume processed in Q4
- Completed share buyback of 7.3M shares
- None.
Full-Year 2024 total revenue and interest income projected to be between
Year-end 2024 cash and digital assets expected to be
Expecting positive EBITDA for the fourth quarter of 2024.
Toronto, Ontario--(Newsfile Corp. - January 14, 2025) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (the "Company" or "WonderFi") today provided a corporate update and unaudited fourth-quarter financial guidance for the period ended Dec. 31, 2024. All financial references are in Canadian dollars unless otherwise noted.
Q4 Financial Guidance:
- Total revenue and interest income are expected to be in the range of
$20.5 -$21.0 million , setting a new quarterly record, and representing an increase of156% from the prior quarter. - WonderFi expects to generate positive EBITDA in the range of
$4.2 -$4.5 million in Q4, representing a 21-22% EBITDA margin. - Total cash and digital assets are expected to be more than
$48.5 million as of Dec. 31, 2024, representing an increase of30% compared to Dec. 31, 2023.
Q4 Corporate Update:
- Bitbuy and Coinsquare, WonderFi's two wholly owned and operated cryptocurrency trading platforms, facilitated more than
$1.1 billion in combined trading volumes during the quarter. - Client assets under custody were approximately
$2.1 Billion as of Dec. 31, 2024, an increase of approximately110% from a year earlier. - Bitbuy and Coinsquare clients staked approximately
$108 million worth of cryptocurrencies as of Dec. 31, 2024. - The Company repurchased and cancelled 7.3 million common shares at an average price of approximately
$0.20 under its normal course issuer bid program.
"Our expected record revenue in Q4 is a testament to the dedication of our team, the strength of our strategy and our ability to execute on operational efficiencies as we continue to optimize and innovate our business," said WonderFi CEO Dean Skurka. "Our growth demonstrates our ability to deliver value to our customers and shareholders, while solidifying our position as a leader in the rapidly growing digital asset industry. We are excited to build on our momentum heading into 2025 and look forward to what will no doubt be another exciting year for the Company."
About WonderFi
WonderFi is one of the largest regulated crypto trading platforms in Canada and a global leader in centralized and decentralized financial services and products.
With over
Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, SmartPay and Tetra Trust.
As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.
For more information, visit www.wonder.fi
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the beliefs of WonderFi Technologies Inc. ("WonderFi" or the "Company") regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such "could", "intend", "expect", "believe", "will", "projected", "planned", "estimated", "soon", "potential", "anticipate" or variations of such words.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking financial information and statements are the following: taxation, controls or regulations and/or changes in the administration of laws, policies and practices and political or economic developments in Canada and other jurisdictions in which the Company carries on business or in which the Company may carry on business in the future; and material adverse changes in general economic, business and political conditions, including changes in the financial markets and compliance with extensive government regulation; decisions to modify, pause or discontinue certain treasury management strategies; the Company's ability to provide a competitive service within the regulated crypto asset trading platform industry; the Company's ability to manage its capital and non-capital expenses . These risks are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the Company's future decisions and actions will depend on management's assessment of all information at the relevant time. A more fulsome description of risk factors that may impact business, financial condition and results of operation with respect to WonderFi is set out in its management's discussion and analysis and financial statements for the period ended September 30, 2024, available on its SEDAR+ profile at www.sedarplus.ca.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice. All financial amounts referenced herein are in Canadian dollars unless otherwise expressly identified.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237096
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