Voyager Digital Ltd., one of the fastest-growing cryptocurrency platforms in the United States, today announced preliminary revenue and user metrics for the third quarter ended March 31, 2022, and provided an update on growth plans for the full year 2022. As compared to the midpoint of the estimate range of USD $100 million to $105 million for the third quarter of fiscal 2022, revenue growth was 70% year-over-year for the third quarter.
“Voyager continued its account growth in the quarter ended March 31, 2022 by adding 115,000 funded accounts which was slightly over a 10% growth from December 31, 2021 and was accomplished during an extremely challenging quarter based upon spot market volume. In the quarter, Voyager delivered on its goal of expanding our products by delivering the first batch of the Voyager Debit Card and adding the Voyager desktop to a significant beta group. We remain focused on positioning our platform as one of the leading players in digital assets for consumers and expect continued customer growth in 2022,” said Steve Ehrlich, Voyager’s CEO and Co-founder. “As discussed at our last earnings call, in 2021 we scaled our technology to accommodate rapid growth as mainstream crypto adoption accelerated and now in 2022 we have begun to deliver on the expansion of our product suite and will continue to roll out new and enhanced products and services as well as geographic expansion.”
The Company is pleased to announce the following Financial and Operational Key Metrics for fiscal 2022 third quarter ended March 31, 2022:
- Preliminary total revenue for the fiscal 2022 third quarter ended March 31, 2022 is estimated between $100 million to $105 million, compared to $164.8 million for the fiscal 2022 second quarter ended December 31, 2021 and $60.4 million for fiscal 2021 third quarter ended March 31, 2021.
- Total Verified Users grew to approximately 3.5 million as of March 31, 2022, up from 3.2 million on December 31, 2021 and 1.0 million on March 31, 2021.
- Total Funded Accounts grew to just under 1.2 million as of March 31, 2022, up from 1.075 million on December 31, 2021 and 274 thousand on March 31, 2021.
- Net new deposits for the fiscal 2022 third quarter ended March 31, 2022 were approximately $395 million, compared to the $1.04 billion for the fiscal 2022 second quarter ended December 31, 2021.
|
Mar 31, 2022 |
Dec 31, 2021 |
Mar 31, 2021 |
|
|
Revenues (millions) |
$100 – $105(1) |
$164.8(2) |
$60.4 |
|
Total Funded Accounts(in thousands) |
1,190 |
1,075 |
274 |
|
Total Verified Users (in thousands) |
3,486 |
3,231 |
1,008 |
|
Net New Deposits (millions) |
$395 |
$1,037 |
$1,037 |
|
Voyager is also proud to announce that its OTCQX Markets listing under the Cusip 92919V405 is now DTCC service eligible.
Voyager will be announcing the results of its fiscal 2022 third quarter ending March 31st on or about May 16th.
All amounts are in US Dollars unless otherwise indicated.
About Voyager Digital Ltd.
Publicly traded, Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing, cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 100 different crypto assets using its easy-to-use mobile application. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe.
