RYVYL Q2 preliminary revenue $14.5M, processing volume $650M, both above guidance

RYVYL Inc.

2024-Q2 EPS reported -$3.90 revenue$26,140,000

Revenue at least $14.5M, 30% sequential growth from Q1 $11.3M, above guidance $12.5-14M.
Processing volume at least $650M, 16% sequential growth, above guidance $580-610M.
Results reflect strong momentum across domestic and overseas payment and banking solutions.
Final recognized revenue subject to quarterly review; full unaudited Q2 report to follow.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RYVYL Inc. reported the second quarter ended June 30, 2023 results: revenue $14.5 million.

Period: the second quarter ended June 30, 2023
Revenue: $14.5 million
Result: preliminary results

Exact text from the filing

Exhibit 99.1 RYVYL Announces Preliminary Second Quarter 2023 Financial Results Q2 2023 Revenues Exceed Guidance Range of $12.5 to $14 million, Growing 30% Sequentially to $14.5 million Q2 Processing Volume Exceeds Guidance Range of $580 to $610 million, Growing 16% Sequentially to $650 million SAN DIEGO, CA – July 19, 2023 – RYVYL Inc. (NASDAQ: RVYL) (“RYVYL”

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Source: SEC EDGAR

accession 0001185185-23-000736

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