Canada NewsWire
NEW YORK, March 2, 2020
Grows Customer Base to Over 200,000 Global Users Across Voyager Platforms and Increases Trading Volume by Over 900% Since Year End
NEW YORK, March 2, 2020 /CNW/ -- Voyager Digital Canada, Ltd. ("Voyager" or the "Company") (CSE:VYGR; OTCQB:VYGVF; FRA:UCD2), operator of U.S. digital asset broker Voyager and the Ethos Universal Wallet, today announced it has filed its unaudited interim consolidated financial statements and MD&A for the three and six months ended December 31, 2019. The Company is also pleased to provide shareholders with a business and operational update as of February 29, 2020.
"We are pleased to report our growth has accelerated dramatically since the beginning of the year," said Stephen Ehrlich, CEO and Co-Founder of Voyager. "We have experienced rapid account growth in 2020, driven by API distribution partnerships with leading market participants, the Voyager App's availability now for Android, and our recent announcement of the acquisition of the Circle Invest accounts. Since December 31, 2019, we have increased our trading volume by over 900%. Looking ahead, the growing market adoption of digital assets, our increased distribution channels and market penetration, give us confidence in a revenue ramp over the next 12-18 months. This will be driven by continued account growth and the growing demand for our state-of-the-art digital trading infrastructure."
Operational Milestones
Business Updates
Upcoming Milestones
Voyager expects to execute on the following key initiatives during calendar year 2020, including:
Mr. Ehrlich added, "As we move ahead in calendar year 2020, we expect to keep expanding our platform's capabilities to enhance the user experience. As the first publicly traded, licensed crypto broker, we consider it is our mandate to provide a secure, premium platform to buy and trade crypto assets. We already have made substantial progress and look forward to updating our shareholders in the coming year as we continue to execute."
Selected Results of Operations
(Expressed in United States Dollars)
(Unaudited)
Three months ended | Six months ended | |||
Description | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2018 |
Revenue | 88,146 | 20,587 | 160,376 | 20,587 |
Total operating expenses | (2,740,392) | (1,588,810) | (5,364,461) | (3,087,710) |
Net loss for the period | (980,130) | (1,580,723) | (3,498,411) | (3,079,623) |
Basic and diluted net loss per share | (0.01) | n/a | (0.05) | n/a |
For further information, please refer to the Company's Management's Discussion and Analysis for the three and six months ended December 31, 2019, available via SEDAR at www.sedar.com.
About Voyager Digital (Canada) Ltd.
Voyager Digital (Canada) Ltd. is a crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. Voyager offers customers best execution and safe custody on a wide choice of popular crypto-assets. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who teamed to bring a better, more transparent and cost-efficient alternative for trading crypto-assets to the marketplace. Please visit us at https://www.investvoyager.com for more information and to review the latest Corporate Presentation.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has either approved or disapproved of the contents of this press release.
Cautionary Statement Regarding Forward-Looking Information: The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise it to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.
Voyager Digital (Canada) Ltd. Contacts
Media:
Anthony Feldman / Raquel Cona
(347) 487-6194 / (212) 682-6300
[email protected] / [email protected]
Investor Relations:
Phil Carlson / Scott Eckstein
(212) 896-1233 / (212) 896-1210
[email protected] / [email protected]
View original content:http://www.prnewswire.com/news-releases/voyager-digital-reports-fiscal-2020-second-quarter-results-and-provides-business-update-301014365.html
SOURCE Voyager Digital
View original content: http://www.newswire.ca/en/releases/archive/March2020/02/c7327.html