Welcome to our dedicated page for Ryvyl news (Ticker: RVYL), a resource for investors and traders seeking the latest updates and insights on Ryvyl stock.
Ryvyl Inc. (NASDAQ: RVYL) generates a steady flow of news related to its digital payment processing business, capital markets activity, corporate governance, and a planned merger with RTB Digital, Inc. (Roundtable). As a Nasdaq-listed company focused on electronic payment technology and underserved markets, Ryvyl’s announcements often center on how it is managing listing requirements, evolving its business model, and pursuing a Web3-oriented strategy through the proposed Roundtable combination.
Investors following RVYL news will find updates on merger progress and strategic alignment with Roundtable’s Web3 digital media SaaS platform, including details of the definitive merger agreement, expected post-merger leadership, and the planned name change to RTB Digital, Inc., doing business as “Roundtable,” once closing conditions are met. Press releases also describe how Roundtable’s capital investments and media platform are intended to integrate with Ryvyl’s digital payment infrastructure and crypto treasury focus.
Ryvyl’s news flow includes Nasdaq compliance and capital structure developments, such as notices of non-compliance with minimum bid price and stockholders’ equity rules, appeals to a Nasdaq Hearings Panel, and the approval and implementation of a 1-for-35 reverse stock split. Announcements explain how these actions are intended to support continued listing on the Nasdaq Capital Market and adjust the company’s share structure.
Another recurring theme in RVYL news is litigation and settlement disclosures. The company has issued press releases about provisional or preliminary court approval of derivative settlements, the filing of settlement documents as exhibits to Form 8-K, and the issuance of settlement shares in connection with a putative class action. These items provide context on governance, risk, and shareholder-related matters.
By reviewing the RVYL news page, readers can monitor developments in Ryvyl’s payment processing operations, its transition toward digital asset infrastructure, the status of the Roundtable merger, and key regulatory and legal milestones. This makes the news feed a useful resource for tracking how management communicates with the market and responds to listing, capital, and governance challenges over time.
RYVYL Inc. (NASDAQ: RVYL) has signed a non-binding MOU with an investor to retire debt obligations. The agreement covers the full repayment of an 8% Senior Convertible Note ($19.0M outstanding) and redemption of Series B Convertible Preferred Stock ($53.5M liquidation value) for a total consideration of $16.5M. The payment structure includes a first tranche of $12.8M due by November 22, 2024, and a remaining $3.7M note payment due January 31, 2025. The company plans to fund this through new equity, debt, or convertible debt financings, though success is not guaranteed.
RYVYL Inc. (NASDAQ: RVYL), a payment transaction solutions provider, has scheduled its Q3 2024 financial results announcement for Thursday, November 14, 2024, after market close. Management will host a conference call at 4:30 p.m. Eastern Time to discuss results for the quarter ended September 30, 2024. The call will include a corporate update and Q&A session. Questions can be submitted in advance to RYVYL@lhai.com. A replay will be available through January 14, 2025, and the webcast recording will be accessible for 90 days on RYVYL's IR website.
RYVYL Inc. (NASDAQ: RVYL), a leader in payment transaction solutions using proprietary blockchain ledger and electronic payment technology, has announced its participation in the LD Micro Main Event XVII. The event is scheduled for October 28-30, 2024, at the Luxe Sunset Blvd Hotel in Los Angeles.
RYVYL's Chairman and Co-Founder, Ben Errez, along with Chief Financial Officer, George Oliva, will be present to deliver a presentation and engage in one-on-one meetings with investors. The company's presentation is set for October 29 at 11:00 am PT.
Interested parties can access the presentation webcast through the investor relations section of RYVYL's website. For scheduling meetings or additional information, attendees are encouraged to contact their conference representative or email RYVYL@lhai.com.
RYVYL Inc. (NASDAQ: RVYL), a leader in payment transaction solutions using blockchain and electronic payment technology, will participate in the H.C. Wainwright 26th Annual Global Investment Conference from September 9-11, 2024, in New York City. Chairman and Co-Founder Ben Errez and CFO George Oliva will present to attendees and be available for one-on-one meetings with investors.
The presentation is scheduled for September 11 at 9:30 am ET. Investors can access the webcast through the conference website or RYVYL's investor relations page. This event provides an opportunity for RYVYL to showcase its innovative solutions and engage with potential investors in the fintech sector.
RYVYL Inc. (NASDAQ: RVYL) reported Q2 2024 financial results, with revenue at $11.9 million, including $8.9 million from RYVYL EU. International revenue grew 134% year-over-year, partially offsetting lower North American revenue. Processing volume increased 55% to $1,055 million. The company aligned its U.S. operations to manage banking regulation impacts and is expanding into new verticals with private and white label licensing solutions.
Key financial highlights include:
- Gross margin at 39.9%
- Operating expenses of $15.6 million, including $8.3 million in mostly non-cash charges
- Adjusted EBITDA of negative $1.6 million
- Cash and restricted cash totaled $75.2 million as of June 30, 2024
RYVYL expects full-year 2024 revenue between $65-70 million and processing volumes to exceed $4 billion. Q3 2024 revenue is projected at $14-15 million, with strong sequential growth and Adjusted EBITDA profitability expected in Q4 2024.
RYVYL Inc. (NASDAQ: RVYL) has licensed its payment-platform-as-a-service (PPaaS) to a U.S.-based licensee for nationwide deployment of Card Present (CP) and Card Not Present (CNP) transactions. This exclusive U.S. license agreement is expected to generate revenue starting in Q4 2024, with RYVYL earning per-transaction fees. The licensee will integrate the platform with its banking network by the end of Q3 2024 and plans to onboard over 1,000 merchants.
This licensing model aims to create a new high-margin revenue stream for RYVYL while reducing operational expenses and improving overall company gross margin. The partnership is expected to benefit both businesses and consumers through advanced payment technologies, including touchless payments and QR code transactions.
RYVYL Inc. (NASDAQ: RVYL), a leader in payment transaction solutions using blockchain and electronic token technology, has announced its plans to release Q2 2024 financial results on August 13, 2024, after market close. The company will host a conference call at 4:30 p.m. Eastern Time on the same day to discuss the results for the quarter ended June 30, 2024, provide a corporate update, and conduct a Q&A session.
Investors can participate via phone or webcast, with dial-in numbers provided for both US and international callers. A replay of the call will be available until October 13, 2024, and an archived version of the webcast will be accessible for 90 days on RYVYL's IR website.
RYVYL (NASDAQ: RVYL) has restructured its U.S. operations, focusing on licensing and diversifying into new vertical markets within its Northeast Merchant Systems (NEMS) unit.
Christian Murray, a fintech veteran, has been promoted to Managing Director of NEMS, effective July 15, 2024. Murray will also lead the company's licensing strategy. This move aims to enhance market penetration and revenue streams amid recent regulatory impacts on U.S. segment revenue.
In March 2024, RYVYL streamlined its operations by outsourcing payment logistics and reducing its U.S. workforce by 25%, which improved efficiencies and freed up resources for reinvestment.
CEO Fredi Nisan emphasized the company's focus on leveraging software licensing and addressing changes in the fintech compliance landscape to capture new opportunities and provide exceptional market value.
RYVYL (NASDAQ: RVYL) has entered into an Agreement with an existing noteholder to extend the repayment obligation of its 8% Senior Convertible Note to April 5, 2026. This extension includes a cash payment of $80,000 as an advance on the next interest payment due October 1, 2024. The principal amount outstanding remains $19.1 million. This move aims to enhance the company's financial flexibility and support growth in international markets. The company emphasizes its commitment to strong financial partnerships and long-term success.
RYVYL (NASDAQ: RVYL) reported a 49% increase in Q1 2024 revenue, totaling $16.8 million, driven by a 185% surge in RYVYL EU revenue to $7.1 million. North American revenue grew by 10% to $9.7 million. Q1 2024 processing volume was $994 million, with RYVYL EU contributing $755 million, up 28% from Q4 2023, while North America decreased by 33% to $239 million. Net loss improved to $2.7 million, a significant reduction from $8.0 million in Q1 2023. Adjusted EBITDA also improved to $(0.7) million from $(3.0) million. Cost of revenue rose to $9.7 million, and operating expenses slightly increased to $8.9 million. The company has $88.8 million in cash and restricted cash and $10.5 million in unrestricted cash as of March 31, 2024.