PR Newswire
NEW YORK, May 20, 2020
Grows Revenue 220% and Increases Total Brokerage Accounts 333% Since Year End
Conference Call to be Held Today at 4:30 p.m. Eastern time
NEW YORK, May 20, 2020 /PRNewswire/ -- Voyager Digital Canada, Ltd. ("Voyager" or the "Company") (CSE: VYGR; OTCQB: VYGVF; FRA: UCD2), a public, licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto assets, today announced it has filed its unaudited interim consolidated financial statements and MD&A for the three and nine months ended March 31, 2020 and is pleased to provide shareholders with a business and operational update.
"We continued to experience rapid growth in all aspects of our business during the third quarter," said Stephen Ehrlich, CEO and Co-Founder of Voyager. "Since calendar year end, we have achieved revenue growth of over 220% and increased total brokerage accounts by 333%. We also reported substantial increases in our quarterly deposits and principal value traded, which rose to $17.2 million in March. This exceptional performance was driven by increased distribution channels including our API partnerships, strong organic account growth and our recently completed acquisition of the Circle Invest accounts."
Operational and Financial Milestones
Business Updates
Upcoming Milestones
Voyager expects to execute on the following key initiatives during calendar year 2020, including:
Mr. Ehrlich added, "While the global markets have been impacted by the uncertainty of the Covid-19 pandemic, we are fortunate that our robust technical infrastructure and systems are well equipped to meet these challenges with minimal short-term and no anticipated long-term disruptions to our strategic plan. With our unique trading platform, we are well positioned to capitalize on the increasing mainstream utilization of digital assets as growth continues to resume in the capital markets."
Selected Results of Operations | ||||
(Expressed in United States Dollars) | ||||
(Unaudited) | ||||
Three months ended | Nine months ended | |||
Description | March 31, 2020 | March 31, 2019* | March 31, 2020 | March 31, 2019 |
Revenue | 282,078 | 0 | 442,454 | 20,587 |
Total operating | 2,066,443 | 2,817,254 | 7,430,904 | 5,904,964 |
Net loss for the period | (1,763,384) | (34,935,232) | (5,261,794) | (38,014,855) |
Basic and diluted net | (0.02) | (1.24) | (0.07) | (4.10) |
For further information, please refer to the Company's Management's Discussion and Analysis for the three and nine months ended March 31, 2020, available via SEDAR at www.sedar.com.
Conference Call
The Company will host a conference call today, May 20, 2020 at 4:30 PM ET to discuss these results and provide a business update. After management's opening remarks, there will be a question and answer period. To access the call, please dial (877) 375-4189 and provide conference ID 3269134. For international callers, please dial (973) 935-2046. The live webcast of the conference call and accompanying slide presentation can be accessed through the 'Investor Relations' page of the Company's website at https://www.investvoyager.com.
For those unable to attend the live call, a telephonic replay will be available until June 3, 2020. To access the replay of the call dial (855) 859-2056 or (404) 537-3406 and provide conference ID 3269134. An archived copy of the webcast and slide presentation will also be available on the 'Investor Relations' page of the Company's website.
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]
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SOURCE Voyager Digital