Janover reports FY2023 revenue $2.0M, net loss $3.4M; small business revenue doubles again

DeFi Development Corp.

Revenue per transaction increased 54% YoY.
Small business revenue grew >100% for second consecutive year.
Revenue $2.0M vs $2.2M; net loss $3.4M ($0.40) vs $1.3M ($0.18).
Adjusted EBITDA loss $1.9M; cash $5.1M as of Dec 31, 2023.
Completed IPO July 2023 raising $5M; acquired Groundbreaker Tech (recurring SaaS).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

DeFi Development Corp. reported the year-ended December 31, 2023 results: revenue $2.0 million, net income Net loss was $3.4 million, or $0.40 basic and diluted loss per share, EPS $0.40 basic and diluted loss per share.

Period: the year-ended December 31, 2023
Revenue: $2.0 million
Net income: Net loss was $3.4 million, or $0.40 basic and diluted loss per share
EPS: $0.40 basic and diluted loss per share
Result: reported results

Exact text from the filing

(SBA), increased more than 100%, for the second consecutive year; · Completed IPO in July 2023 and raised over $5.0 million in all common stock; · Generated revenue of $2.0 million in 2023, versus $2.2 million in 2022, despite significant industry declines and Company’s focus on building the platform in 2023—positioning Janover for growth in 2024; and ·

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Source: SEC EDGAR

accession 0001575872-24-000301

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