Seeking Alpha
2021-11-16 15:05:58

Voyager Digital fiscal Q1 reflects revenue, platform user growth

Voyager Digital's (OTCQX:VYGVF) fiscal Q1 2022 reflects a "significant increase in downloads and a rise in the app rankings," said CEO Steve Ehrlich. Ehrlich says the company expects to surpass $360M of revenue for the calendar year as it invests in customer acquisition and retention in Q1. Q1 operating loss of $28.3M is due to investing in the loyalty and rewards program to continue user growth. Q1 loss per share of 18 cents vs. a loss of four cents in the year-ago period. Total verified users on the platform stand at more than 2.15M in Q1, up from 1.75M in the prior quarter. Total funded accounts of more than 860K in Q1 rises from 665K in Q4 of 2021. Total assets under management of $4.3B vs. $2.6B in the prior quarter; AUM are currently just under $7B, the company says. Crypto assets held on its balance sheet of $3.1B rises

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