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. reports developments tied to its digital payment processing business, which enables transactions globally and provides payment solutions for underserved markets. Company news also includes platform announcements involving AI, DeFi and Web3 media infrastructure through RTB Digital, along with material agreements, shareholder voting matters, capital-structure updates, governance actions, and operating and financial results.
RYVYL Inc. (NASDAQ: RVYL) reported its Q4 and full-year 2024 financial results, reiterating its 2025 guidance of $80-90 million in revenue with mid-40s percentage gross margin. International revenue reached $37.8 million in 2024, showing a 124% increase from 2023.
Q4 2024 highlights include: revenue of $14.1 million with $11.4 million from RYVYL EU, processing volume up 38.7% to $1.3 billion, and gross margin improvement to 38.2%. Full-year 2024 revenue was $56.0 million with a 40% gross margin.
The company recently secured two major Payments-as-a-Service (PaaS) contracts expected to bring nearly one million new customer accounts. RYVYL completed key balance sheet restructuring, including a Preferred Stock repurchase and Note repayment agreement, reducing potential dilution. The company serves approximately 1,500 business customers across 50 industries.
RYVYL Inc. (NASDAQ: RVYL) has secured two significant Payments-as-a-Service (PaaS) contracts through its subsidiary RYVYL EU, projecting to onboard nearly one million new accounts over the next 12 months.
The first contract with an international money service provider has already onboarded 1,000 accounts, with expectations to add 50,000+ more accounts in 2025. The second agreement, with a major digital banking platform operating in 180 countries, aims to onboard 900,000 accounts starting Q2 2025.
These contracts support RYVYL's 2025 revenue guidance of $80-90 million. The company expects to achieve positive adjusted EBITDA and operating cash flow in H2 2025. However, this guidance assumes retaining RYVYL EU subsidiary, which is currently subject to a pre-funded asset sale agreement ending April 23, 2025 (extendable to May 23, 2025). RYVYL intends to terminate this sale by paying $16.5 million.
RYVYL Inc. (NASDAQ: RVYL) has made a significant financial move by paying an initial $13.0 million tranche to a securityholder on January 27, 2025. This payment has accomplished two major objectives: the complete redemption of the Company's Series B Convertible Preferred Stock (which had a liquidation value of $53.1 million) and a substantial reduction of their 8% Senior Convertible Note from $18.3 million to $4.0 million.
The remaining $4.0 million is due by April 30, 2025. Until then, the company has temporarily suspended interest payments on the remaining balance, the securityholder's conversion rights, and certain restrictive covenants. These conditions will be reinstated if RYVYL fails to pay the second tranche by the deadline.
According to CFO George Oliva, these transactions significantly reduce conversion overhang and dilution risk to common stock, with the balance sheet restructuring expected to be highly anti-dilutive and beneficial to stockholders while lowering capital costs for 2025 growth investments.
RYVYL Inc. (NASDAQ: RVYL) has executed a Preferred Stock Repurchase and Note Repayment Agreement to retire all outstanding Series B Convertible Preferred Stock and settle an 8% Senior Convertible Note. The agreement includes a first tranche payment of $13.0 million due by January 27, 2025, with an option to extend to February 3, 2025, for an additional $50,000 fee.
Following the first tranche payment, the remaining $4.0 million balance of the Note will be due by April 30, 2025. Upon completion of the first tranche payment, certain restrictive covenants will be waived and interest accrual will cease, provided the remaining balance is paid on time. Until the first tranche payment is made, the Securityholder maintains conversion rights for both the Note and Preferred Stock into common stock.
RYVYL Inc. (NASDAQ: RVYL) has entered into a new non-binding Memorandum of Understanding (MOU) with a securityholder to retire debt instruments. The agreement includes:
- A first tranche payment of $13.0 million to redeem all Series B Convertible Preferred Stock and partially pay an 8% Senior Convertible Note, leaving a $4.0 million balance
- The remaining $4.0 million balance will have an advanced maturity date of April 30, 2025
The company must execute definitive agreements and pay the first tranche by January 27, 2025, or the MOU expires. RYVYL can extend this deadline to February 3, 2025, for an additional $50,000. Upon payment, certain restrictive covenants will be waived, contingent on paying the remaining balance by April 30, 2025. Until the first payment, the securityholder retains conversion rights for both instruments.
RYVYL Inc. has amended its non-binding Memorandum of Understanding (MOU) regarding the repayment of an 8% Senior Convertible Note and redemption of Series B Convertible Preferred Stock. The amendment extends the first tranche payment deadline of $12.8 million to November 29, 2024. While the company will make efforts to secure the necessary financing, there is no guarantee of success in raising the funds or finalizing the Definitive Agreements with the investor, as the MOU is non-binding.
RYVYL Inc. (NASDAQ: RVYL) reported Q3 2024 financial results with revenue of $12.6 million, down from $17.5 million in Q3 2023. International revenue grew 96% year-over-year, with processing volume increasing 31% to $1,123 million. The company's gross margin slightly improved to 38.5%. Operating expenses decreased to $7.3 million from $9.0 million in Q3 2023. RYVYL updated its 2024 guidance, projecting full-year revenue between $56-60 million. The company also signed an MOU to restructure its balance sheet, addressing $19.0 million in convertible notes and $53.5 million in preferred stock.
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.