RYVYL preannounces FY2023 revenue >$64M (+94% YoY); guides 2024 to $95-100M

RYVYL Inc.

2024-FY EPS reported -$10.11 revenue$65,869,000

Q4 2023 revenue ~$21M; FY2023 revenue >$64M (+94% YoY).
Processing volume $3B (+58% YoY); debt reduced $60.3M in Q4 to $19.7M.
Cash $61.6M total ($11.7M unrestricted); sold Chicago office for $2.7M.
2024 revenue guidance $95-100M (+67%+ over 2023).
Retained coyni subsidiary; abandoned planned spin-out to leverage platform.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RYVYL Inc. updated its the year ended December 31, 2023 guidance (initiated).

Period: the year ended December 31, 2023
Guidance: initiated
Result: preliminary results

Exact text from the filing

On January 19, 2024, RYVYL Inc., a Nevada corporation (the “Company”), issued a press release including certain preliminary financial and operating results for the year ended December 31, 2023. The press release also contains information providing certain 2024 revenue guidance for the Company.

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RYVYL Inc. filing history →

Source: SEC EDGAR

accession 0001185185-24-000108

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