Associated tags: USD, Internet, Consumer-to-business, SAN, Cryptocurrency, Blockchain
Locations: SAN DIEGO, CALIFORNIA, US, CA, WALL STREET, NEW YORK
SAN DIEGO, CA , May 06, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, expects to report financial results for the first quarter 2024 on Tuesday, May 14, 2024.
Key Points:
- SAN DIEGO, CA , May 06, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, expects to report financial results for the first quarter 2024 on Tuesday, May 14, 2024.
- RYVYL management will host a conference call at 4:30 p.m. Eastern Time on Tuesday, May 14, 2024 to discuss the Company’s financial results for the first quarter ended March 31, 2024, provide a corporate update and end with a question and answer session.
- To participate, please use the following information and submit your questions in writing prior to the call at [email protected] .
San Diego, CA, April 16, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, today announced the cancellation of the proposed underwritten public offering of shares of its common stock originally announced on April 15, 2024.
Key Points:
- San Diego, CA, April 16, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, today announced the cancellation of the proposed underwritten public offering of shares of its common stock originally announced on April 15, 2024.
- The cancellation results from an assessment by Company's management that current market pricing is not conducive for an offering that would be in the best interests of the Company or its stockholders.
- This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
In addition, RYVYL intends to grant the underwriter in the offering a 45-day option to purchase up to an additional 15% of the number of shares of common stock offered in the offering at the public offering price, less underwriting discounts and commissions.
Key Points:
- In addition, RYVYL intends to grant the underwriter in the offering a 45-day option to purchase up to an additional 15% of the number of shares of common stock offered in the offering at the public offering price, less underwriting discounts and commissions.
- The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
- RYVYL intends to use the net proceeds from the offering for working capital and general corporate purposes.
- Before you invest, you should read the preliminary prospectus supplement and accompanying prospectus, together with the information incorporated therein, for more complete information about RYVYL and the proposed offering.
Conference,
Growth,
Q&A,
Optical disc image,
Partnership,
International,
R3,
SAN,
History,
Acquisition,
Table,
Fourth,
Ecosystem,
Depreciation,
FX,
ISO,
ACI Worldwide,
Account manager,
Fiscal,
Nisan,
Cryptocurrency SAN DIEGO, CA, March 26, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, reported its financial results for the fourth quarter and fiscal year ended December 31, 2023.
Key Points:
- Record fourth quarter 2023 and fiscal year 2023 revenue both doubled to $22.3 million and $65.9 million, respectively, over the same time periods in 2022.
- 2023 FX and International payments had $590 million in business volume, 14% higher than the third quarter 2023.
- Q4 2023 North America revenue increased 85% to $16.6 million and international revenue increased 165% to $5.6 million, compared to Q4 2022.
- North America revenue increased 71% to $48.9 million and EU revenue increased 294% to $16.9 million, compared to 2022.
SAN DIEGO, CA, March 14, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, expects to report financial results for the fourth quarter and full year 2023 on Tuesday, March 26, 2024.
Key Points:
- SAN DIEGO, CA, March 14, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, expects to report financial results for the fourth quarter and full year 2023 on Tuesday, March 26, 2024.
- RYVYL management will host a conference call at 4:30 p.m. Eastern Time on Tuesday, March 26, 2024 to discuss the Company’s financial results for the fourth quarter and year ended December 31, 2023, provide a corporate update and end with a question and answer session.
- To participate, please use the following information and submit your questions in writing prior to the call at [email protected] .
SAN DIEGO, CA, Jan. 19, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, announced several milestones.
Key Points:
- Preannounces Fourth Quarter and Year-end 2023 Revenue, Setting More Records
Management expects to deliver fourth quarter 2023 revenue of approximately $21 million, bringing the full-year 2023 revenue to exceed $64 million increasing 94% over 2022.
- During the fourth quarter of 2023, the Company reduced debt $60.3 million, lowering the total indebtedness to $19.7 million at December 31, 2023.
- At December 31, 2023, cash, cash equivalents and restricted cash were $61.6 million, with $11.7 million being unrestricted cash.
- Management provided 2024 revenue guidance to be between $95 million and $100 million, up 67+% over 2023 expected revenue of $64 million.
Retrieved on:
Wednesday, January 17, 2024
SAN DIEGO, CA, Jan. 17, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, today announced its participations at the Sequire Investor Summit 2024 scheduled for January 23-25, 2024 at the Condado Vanderbilt Hotel in San Juan, Puerto Rico.
Key Points:
- SAN DIEGO, CA, Jan. 17, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, today announced its participations at the Sequire Investor Summit 2024 scheduled for January 23-25, 2024 at the Condado Vanderbilt Hotel in San Juan, Puerto Rico.
- RYVYL Chairman and Co-Founder, Ben Errez, and Chief Financial Officer, George Oliva, will conduct in person one-on-one meetings throughout the conference and deliver the Company’s presentation to registered participants as shown below.
- Location: Condado Vanderbilt Hotel in San Juan, Puerto Rico
For more information about the Sequire Investor Summit, including registration details or to schedule a 1x1 meeting, please visit the official event website at https://puertorico.srax.com/ or contact [email protected] .
Retrieved on:
Monday, December 18, 2023
SAN DIEGO, CA, Dec. 18, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, has received confirmation from The Nasdaq Stock Market LLC (“Nasdaq”) that it has regained compliance with Nasdaq’s listing requirements by satisfying the minimum stockholders’ equity requirement of $2.5 million under Nasdaq Continued Listing Rule 5550(b)(1).
Key Points:
- Recently completed convertible debt for preferred equity exchange transactions reduced debt by over $60 million, substantially increasing net stockholders’ equity
SAN DIEGO, CA, Dec. 18, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, has received confirmation from The Nasdaq Stock Market LLC (“Nasdaq”) that it has regained compliance with Nasdaq’s listing requirements by satisfying the minimum stockholders’ equity requirement of $2.5 million under Nasdaq Continued Listing Rule 5550(b)(1).
- “The strategic financial transactions recently undertaken by RYVYL have resulted in the restoration of compliance with Nasdaq regulations as well as greater equity investment exposure by our largest investor,” said Ben Errez, Chairman of RYVYL.
- As a result of the Exchange RYVYL erased a stockholders’ deficit of approximately $24.7 million at September 30, 2023, and now satisfies the minimum $2.5 million stockholders’ equity listing requirement, bringing RYVYL back into compliance with all applicable requirements for continued listing on The Nasdaq Capital Market, as of December 13, 2023.
- In addition, Nasdaq has confirmed that the matter of the Company’s previous notice of non-compliance under Listing Rule 5550(a)(2), Market Value of Listed Securities (“MVLS”) Standard, has been closed.
Retrieved on:
Thursday, December 14, 2023
The collaboration between RYVYL and R3 marks the arrival of a leading-edge Blockchain-as-a-Service platform, “RYVYL Block”, designed to be an innovative and cost-effective solution, simplifying the adoption of blockchain technology for businesses in banking, payments, and high-volume processing environments.
Key Points:
- The collaboration between RYVYL and R3 marks the arrival of a leading-edge Blockchain-as-a-Service platform, “RYVYL Block”, designed to be an innovative and cost-effective solution, simplifying the adoption of blockchain technology for businesses in banking, payments, and high-volume processing environments.
- This partnership between RYVYL and R3 aims to provide a scalable platform that can adapt to diverse business needs, providing flexibility for seamless expansion and growth.
- RYVYL and R3 are committed to delivering a cost-effective Blockchain-as-a-Service solution, eliminating significant upfront investments and reducing complexities typically associated with blockchain adoption.
- "We're excited about the prospects our partnership unlocks for businesses seeking agile and secure blockchain solutions," said Fredi Nisan, co-founder and CEO of RYVYL.
Retrieved on:
Tuesday, November 28, 2023
As an additional consideration for the Exchange, the Company has also agreed to make a cash payment to the Investor in the amount of $3,000,000 for an additional $3,600,000 reduction in principal of the Note.
Key Points:
- As an additional consideration for the Exchange, the Company has also agreed to make a cash payment to the Investor in the amount of $3,000,000 for an additional $3,600,000 reduction in principal of the Note.
- At the anticipated closing date on or around 11/29/23, the Company’s debt is expected to be reduced to $19,700,000.
- “We believe that the Noteholder’s agreement to convert a significant portion of its debt holdings to equity in the Company evidences its continued support and its belief in RYVYL’s core mission,” said Ben Errez, Chairman of RYVYL.
- “Once completed, we will have a stronger balance sheet, significantly increasing net shareholder equity and reducing outstanding debt by more than $60 million.
