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Cypher Metaverse Inc. (C:CODE)

Business Focus: Blockchain & Cryptocurrency (NEC)

Sector:  Technology Industry:  Blockchain & Cryptocurrency
 
Company Contact
Address: 1780-355 Burrard Street
VANCOUVER BC V6C 2C8
Tel: N/A
Website: https://www.cypher-meta.com
IR: See website
Key People
N/A    
Business Overview
Cypher Metaverse Inc. is a Canada-based diversified investment company that holds cryptocurrencies and non-fungible tokens (NFTs). The Company seeks early-stage investments in emerging technology sectors, including the blockchain ecosystem, fintech and the metaverse. The Company identifies such opportunities and applies its relationships and capital to advance its interests. The Company is also involved in the business of utilizing specialized equipment to solve complex computational problems to validate transactions on the Bitcoin blockchain. The Company receives Bitcoin in return for its service. Its subsidiaries include 360 Blockchain USA Inc., and SV CryptoLab Inc.
Financial Overview
For the nine months ended 30 September 2023, Cypher Metaverse Inc revenues decreased from C$46K to C$0K. Net loss decreased 56% to C$1.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Revaluation of digital assets increase from C$283K (expense) to C$123K (income), Unrealized (loss) on long-term investmen decrease of 92% to C$35K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$1.60M as of Sep 30, 2023
Net annual income (TTM): -$1.70M as of Sep 30, 2023
Free cash flow (TTM): -$1.53M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 15,571,906 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization