Voyager Digital Ltd. - CEO, Stephen Ehrlich
CEO, Stephen Ehrlich
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  • Voyager Digital Ltd. (VOYG) reports a record-breaking fiscal quarter with revenue of US$164.8 million
  • The revenue is up over 4400 per cent compared to $3.5 million for the same quarter last year
  • The total revenue for the calendar year $415.8 million vs $6.6 million from 2020
  • The launch of the Voyager Debit Card is the next step in its revenue diversification
  • The company is also expanding its platform to Europe and Canada, and offering an NFT product and wallet
  • Voyager Digital Ltd. (VOYG) is down 1.24 per cent trading at $10.35 per share as of 4:07 p.m. EST

Voyager Digital Ltd. (VOYG) has reported a record-breaking fiscal quarter with revenue of US$164.8 million.

The fiscal quarter’s $164.8 million in revenue is a 4400 per cent increase compared to $3.5 million for the same quarter last year.

Total revenue of $415.8 million vs $6.6 million from the previous year.

Steve Ehrlich, CEO and co-founder of Voyager Digital, commented,

“More importantly, we delivered significant revenue growth and supported a marked increase in customer activity without any material system issues during the quarter, highlighting the steps we’ve taken to build out the scale and security of the Voyager platform in 2021, as we position Voyager for a series of product roll outs in calendar 2022.”

The launch of the Voyager Debit Card is the next step in the company’s revenue diversification. It recently added engineering resources to add more tokens to the trading platform, and tokens available for staking.

The total verified users on the platform stand at more than 3.2 million, which is up 49 per cent from the last quarter and total assets on the platform are now up to $5.9 billion.

Voyager Digital expects a desktop platform and dark mode will be added to its product offering by the end of the next quarter.

The company is also building towards adding equities to the platform, expanding the platform to Europe and Canada, and offering an NFT product and wallet.

Voyager Digital intends to make the viewing, acquiring and custody of NFTs easy for consumers with its platform.

Voyager Digital Ltd. (VOYG) is down 1.24 per cent trading at $10.35 per share as of 4:07 p.m. EST.

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