Welcome to our dedicated page for Exodus Movement news (Ticker: EXOD), a resource for investors and traders seeking the latest updates and insights on Exodus Movement stock.
Exodus Movement, Inc. (EXOD) is a self-custodial cryptocurrency and financial technology platform whose news flow centers on digital asset operations, payments initiatives, and corporate developments. Company press releases regularly highlight updates on selected digital asset holdings in its corporate treasury, monthly active user counts, and exchange provider processed volume, offering insight into platform usage and transaction activity.
Investors following EXOD news can expect recurring disclosures on Bitcoin, Ethereum, and Solana balances held in the company’s treasury, as well as commentary from management on how those assets and related financing arrangements support strategic objectives. Exodus has reported using a Bitcoin-secured credit facility with Galaxy Digital LLC to fund potential strategic transactions and later to support the announced acquisition of W3C Corp., and has subsequently announced repayment of that indebtedness.
News about Exodus also covers its evolution as a crypto payments company. The company has announced agreements to acquire Grateful, a stablecoin payments orchestrator for merchants, and W3C Corp., the parent of Monavate and Baanx, which provide card and payments infrastructure and non-custodial card services. These items appear alongside updates on XO Swap, Exodus Pay, and a planned fully reserved, USD-backed stablecoin developed with MoonPay and M0 to power digital dollar experiences in the Exodus ecosystem.
Additional coverage includes quarterly financial results, operational metrics such as monthly active users and funded users, and corporate actions like the redomestication of Exodus from Delaware to Texas and initiatives to allow shareholders to digitally represent their Class A shares as tokens on the Solana blockchain. For readers tracking EXOD, this news stream provides an ongoing view into how Exodus manages its treasury, expands its payments and wallet products, and executes its strategy in the digital asset sector.
Exodus Movement announced its Q1 2022 results, reporting a 35% decline in revenue to $15.4 million compared to Q1 2021. Despite this, Exodus maintains strong liquidity with over $120 million in liquid assets. Operating expenses increased by 102%, totaling $8.9 million, leading to an operating loss of ($0.7 million). However, the company reported an increase in monthly active users to 875,275, up 11% year-over-year. Exodus plans to launch a new browser extension on May 17 to enhance its Web3 offerings.
Exodus Movement, Inc. has announced the launch of a new feature allowing customers to purchase cryptocurrency directly using their bank accounts via the Exodus mobile application. Powered by Ramp Network, this fiat on-ramp enables users to exchange fiat currencies like USD, EUR, or GBP for over 25 cryptocurrencies within the app. CEO JP Richardson emphasized the goal of removing barriers to DeFi participation, enhancing accessibility for users. Existing customers can utilize this feature by updating their app, while new users can download the latest version on Android and iOS.
Exodus Movement, Inc. (EXOD) will host its fiscal 2022 Q1 earnings webcast on May 11, 2022, at 3:30 PM ET. Prior to the call, the earnings results will be accessible on the Investor Relations section of the company’s website. Shareholders can submit questions via email. Exodus aims to simplify cryptocurrency management with its self-custodial platform, supporting over 10,000 asset pairs. The company continues its mission to empower users to exit traditional finance by 2030.
Exodus Movement, Inc. (EXOD) will participate in the Bitcoin 2022 conference in Miami, Florida from April 6-9, 2022. As the recommended Bitcoin Lightning Wallet, Exodus aims to increase brand awareness among over 35,000 expected attendees. The company plans to offer promotions and a $10 bitcoin lightning reward at its booth. The event, the largest of its kind, will connect numerous enthusiasts and industry leaders, enhancing engagement in the cryptocurrency sector.
Exodus has commenced trading its shares under symbol EXOD on Securitize Markets as of March 16, 2022. This follows a successful $75 million capital raise in 2021. The platform offers various benefits, including around-the-clock trading and fee-free transactions. Over 6,800 retail investors participated in the capital raise, reflecting strong community support. Trading access spans all 50 U.S. states and over 40 countries, enhancing liquidity and investment opportunities for Exodus shares. CEO JP Richardson emphasized the importance of enabling customer ownership.
Exodus Movement, Inc. (tZERO: EXOD) reported a remarkable fiscal performance for 2021, achieving a full year revenue of $95.8 million, marking a 350% increase year-over-year. Q4 revenue reached $26.4 million, also up 247% from Q4 2020. The company saw substantial growth in user engagement, with 914,912 monthly active users, a 122% year-over-year increase. Adjusted EBITDA soared to $16.5 million in Q4 and $53.7 million for the year, reflecting its strong operational growth and brand loyalty amidst market fluctuations.
Exodus Movement has postponed its fourth quarter and full year 2021 earnings release to March 9, 2022, due to an audit delay. The earnings webcast is set for 2:30 PM ET on the same date. The audit revealed a non-cash adjustment tied to the extinguishment of SAFEs for 2.9 million Class B shares earlier in 2021, which does not impact actual business performance. The Company will file its Form 1-K by this date as well.
Exodus Movement (tZERO ATS:EXOD) plans to release its fiscal 2021 fourth quarter and full year results on March 2, 2022. The Company will host a live webcast to discuss these results at 5:30 PM Eastern Time. Investors can access the webcast through Exodus' website, where the results will also be available prior to the event. Shareholders are invited to submit questions to the management team ahead of the webcast. This event aims to provide insights into the Company's performance and future outlook.
Exodus Movement, Inc. (tZERO ATS: EXOD) has launched an innovative Non-Fungible Token (NFT) Gallery feature, integrating Solana NFTs into its mobile application. This marks the first native NFT marketplace within a mobile wallet, allowing users to store, view, send, and receive Solana NFTs seamlessly. In partnership with Magic Eden, the platform enables browsing, searching, and trading NFTs directly from the wallet. Users can also transfer NFTs easily from other Solana marketplaces, making the NFT experience more accessible and user-friendly.
Exodus Movement, Inc. (EXOD) announced a partnership with SportX, enabling users to access sports and esports betting through the Exodus Wallet. This integration allows cryptocurrency betting on a range of sports, with transactions secured via the Polygon blockchain. The minimum bet is $5 USDC, and users can exchange from over 138 supported digital currencies. CEO JP Richardson highlighted the synergy between sports fans and the DeFi community, aiming to provide an exceptional user experience. The service is available in jurisdictions where betting laws permit.
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