voyager-digital-announces-estimated-revenue-of-approximately-usd$100-million-to-$105-million-for-the-quarter-ended-march-31,-2022

VOYAGER DIGITAL ANNOUNCES ESTIMATED REVENUE OF APPROXIMATELY USD$100 MILLION TO $105 MILLION FOR THE QUARTER ENDED MARCH 31, 2022

 

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, cryptocurrency platforms in the United States, today announced preliminary revenue and user metrics for the fiscal 2022 third quarter ended March 31, 2022 and is pleased to provide commentary on the Company’s calendar 2022 growth plans.

“Voyager continued its account growth in the quarter ended March 31, 2022 by adding 115,000 funded accounts which was slightly over a 10% growth from December 31, 2021 and was accomplished during an extremely challenging quarter based upon spot market volume. In the quarter, Voyager delivered on its goal of expanding our products by delivering the first batch of the Voyager Debit Card and adding the Voyager desktop to a significant beta group.  We remain focused on positioning our platform as one of the leading players in digital assets for consumers and expect continued customer growth in 2022,” said Steve Ehrlich, Voyager’s CEO and Co-founder.  “As discussed at our last earnings call, in 2021 we scaled our technology to accommodate rapid growth as mainstream crypto adoption accelerated and now in 2022 we have begun to deliver on the expansion of our product suite and will continue to roll out new and enhanced products and services as well as geographic expansion.”

The Company is pleased to announce the following Financial and Operational Key Metrics for fiscal 2022 third quarter ended March 31, 2022:

  • Preliminary total revenue for the fiscal 2022 third quarter ended March 31, 2022 is estimated between $100 million to $105 million, compared to $164.8 million for the fiscal 2022 second quarter ended December 31, 2021 and $60.4 million for fiscal 2021 third quarter ended March 31, 2021.
  • Total Verified Users grew to approximately 3.5 million as of March 31, 2022, up from 3.2 million on December 31, 2021 and 1.0 million on March 31, 2021.
  • Total Funded Accounts grew to just under 1.2 million as of March 31, 2022, up from 1.075 million on December 31, 2021 and 274 thousand on March 31, 2021.
  • Net new deposits for the fiscal 2022 third quarter ended March 31, 2022 were approximately $395 million, compared to the $1.04 billion for the fiscal 2022 second quarter ended December 31, 2021.

Mar 31, 2022

Dec 31, 2021

Mar 31, 2021

Revenues (millions) 

$100 – $105(1) 

$164.8(2)

$60.4

Total Funded Accounts(in thousands)

1,190

1,075

274

Total Verified Users (in thousands)

3,486

3,231

1,008

Net New Deposits (millions) 

$395

$1,037

$1,037

  • (1) preliminary, non-reviewed and unaudited and subject to final adjustment
    (2) non-reviewed and unaudited
  • All amounts are in U.S. dollars, unless otherwise indicated.

Voyager is also proud to announce that its OTCQX Markets listing under the Cusip 92919V405 is now DTCC service eligible.

Voyager will be announcing the results of its fiscal 2022 third quarter ending March 31st on or about May 16th.

For more information about investor events that Voyager will be participating in, please visit www.investvoyager.com/investorrelations/events.

All amounts are in US Dollars unless otherwise indicated.

voyager-digital-announces-listing-of-the-terra-(luna)-token

Voyager Digital Announces Listing of the Terra (LUNA) Token

Voyager Digital Ltd. (“Voyager” or the “Company”) (CSE: VYGR) (OTCQB: VYGVF) (FRA: UCD2), a publicly-traded, licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto assets, today announced the listing of the Terra (LUNA) Token on the Voyager platform, expanding Voyager’s industry-leading offering to 57 digital assets.

“By adding the LUNA Token to the Voyager platform, our U.S. customers will now have one of the first direct fiat-to-crypto on-ramps available on mobile devices,” said Steve Ehrlich, Co-founder and CEO of Voyager. “Our commission-free agency broker platform is quickly becoming the most trusted and transparent vehicle for investors to buy, trade and hold digital assets. We will continue to enhance our customer-centric platform with additional offerings including debit and credit cards, margin and the listing of other digital assets.”

Terra LUNA is a next-generation smart contract platform and programmable money for the internet. Terra’s platform supports stablecoins that offer instant settlements, low fees and seamless cross-border exchange, and are loved by millions of users and merchants.

“Both Terra and Voyager are making crypto and blockchain more accessible for mainstream adoption,” added Terra Co-Founder and CEO, Do Kwon. “Terra’s focus on merchant and payment adoption will be pushing the future forward on blockchain-powered digital payments. We’re excited to be partnered with Voyager, availing the power of LUNA to the masses.”