Janover Q2 revenue $602K, up 29% sequentially; completed IPO raising >$5M in July

DeFi Development Corp.

Revenue of $602K for Q2 2023, a 29% sequential increase from Q1 2023.
Revenue per transaction rose 48.9%, driven by larger average loan sizes.
IPO closed on July 25, 2023 on Nasdaq, raising over $5M.
Excluding one large Q2 2022 loan, base business would have increased YoY.
Management focused on scaling AI, marketplace, and SEO to drive growth.

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

DeFi Development Corp. reported quarter ended June 30, 2023 results: revenue $602 thousand.

Period: quarter ended June 30, 2023
Revenue: $602 thousand
Result: reported results

Exact text from the filing

“Despite industry-wide challenges and management’s focus on our IPO, we performed well during the second quarter of 2023, with second quarter 2023 revenue increasing to $602 thousand, a 29 percent sequential increase compared to the first quarter of 2023. Although we experienced a modest decline over the second quarter of 2022, we believe we outperformed the

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DeFi Development Corp. filing history →

Source: SEC EDGAR

accession 0001575872-23-001404

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