Ryvyl Inc
NASDAQ:RVYL

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Ryvyl Inc
NASDAQ:RVYL
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Price: 5.35 USD -10.54% Market Closed
Market Cap: $6.8m

Ryvyl Inc
Investor Relations

GreenBox POS is a technology company formed for the purpose of developing, marketing and selling innovative blockchain-based payment solutions. The company is headquartered in San Diego, California and currently employs 50 full-time employees. The company went IPO on 2010-01-20. The firm develops, markets, and sells blockchain-based payment solutions. Its focus is to develop and monetize disruptive blockchain-based applications, integrated within an end-to-end suite of financial products, capable of supporting a multitude of industries. Its blockchain-based systems are designed to facilitate, record, and store a virtually limitless volume of tokenized assets, representing cash or data, on a secured, immutable blockchain-based ledger. Its products include QuickCard Payment System, POS Solutions and Loopz Software Solution. QuickCard Payment System is a physical and virtual cash management system, including software that facilitates deposits, cash, and e-wallet management. POS Solutions is its end-to-end point of sale solution, comprising both software and hardware. Loopz Software Solution is a mobile delivery service operations management solution with automated dispatch functionality.

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Last Earnings Call
Fiscal Period
Q3 2024
Call Date
Nov 14, 2024
AI Summary
Q3 2024

Revenue Guidance Lowered: RYVYL cut its 2024 revenue guidance to $56–60 million due to Q3 and early Q4 headwinds, down from previous expectations.

Processing Volume Growth: Processing volumes hit $1.123 billion in Q3, up 6% sequentially and 31% year-over-year, with strong international momentum.

International Strength: International revenue rose 96% year-over-year in Q3 to $9.8 million, offsetting North America softness.

Margins & Cost Management: Gross margin held steady at 38.5%, while operating expenses dropped significantly year-over-year.

Balance Sheet Restructuring: A restructuring deal has been signed to retire $19 million in senior convertible notes and $53.5 million in preferred stock, improving financial flexibility.

2025 Outlook: Management projects a strong return to revenue growth in 2025, driven by international expansion, new deals, and product launches.

New Product & Partnerships: NanoKard launched and key licensing deals went live, with more partnerships and verticals targeted for growth and margin expansion.

Key Financials
Processing Volume
$1.123 billion
International Processing Volume
$952 million
North America Processing Volume
$171 million
Revenue
$12.6 million
International Revenue
$9.8 million
Cost of Revenue
$7.7 million
Gross Margin
38.5%
Operating Expenses
$7.3 million
Other Expense
$2.1 million
Adjusted EBITDA
-$1.7 million
Cash and Restricted Cash
$91.5 million
Unrestricted Cash
$4.3 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Ben Errez
Co-Founder, Chairman of the Board, Executive VP and Principal Financial & Accounting Officer
No Bio Available
Mr. Fredi Nisan
Co-Founder, CEO & Director
No Bio Available
Mr. George Oliva
CFO & COO
No Bio Available
Mr. Robert Jaquette Houghton Jr.
Chief Technology Officer
No Bio Available
Mr. Zechariah John Kirscher
Vice President of Legal Affairs
No Bio Available
Ms. Vivian Estrada
Director of Human Resources
No Bio Available
Mr. Bryan Rowland
Head of Risk Management
No Bio Available
Mr. Dennis Croup
Senior Vice President of Payments
No Bio Available
Mr. Paul Levine
CEO & Co-Founder of Coyni Stablecoin Spinoff
No Bio Available
Mr. Christian Troy Murray
Managing Director of NEMS
No Bio Available

Contacts

Address
CALIFORNIA
San Diego
3131 Camino Del Rio North, Suite 1400
Contacts
+16196318261
irdirect.net
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