RYVYL Announces Preliminary Third Quarter 2023 Revenues Grew 60% Year-over-Year to a Quarterly Record $17.0 million.
26 Ottobre 2023 - 10:15PM
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 today that it expects third
quarter 2023 revenues to grow 60% compared to third quarter 2022 to
a new company quarterly record of $17.0 million.
RYVYL expects to report full third quarter 2023
financial results on Monday, November 13, 2023 after the market
close. Company management will host a conference call at 4:30 p.m.
Eastern Time on Monday, November 13, 2023 to discuss RYVYL’s
financial results for the third quarter ended September 30, 2023,
provide a corporate update and which will 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 RVYL@mzgroup.us.
Q3 2023 Conference Call and WebcastDate:
November 13, 2023Time: 4:30 p.m. Eastern TimeUS Dial
In: 1-844-826-3035International Dial
In: 1-412-317-5195Webcast:
https://viavid.webcasts.com/starthere.jsp?ei=1639337&tp_key=8d9f96cedeCall
me: Link
Please dial in at least 10 minutes before the
start of the call to ensure timely participation. Participants can
use Guest dial-in #s above and be answered by an operator OR click
the Call me™ link for instant telephone access to the event and
enter pass code 9364099. The Call me™ link will be made active 15
minutes prior to scheduled start time.
A replay of the call will be available through
January 13, 2023, by calling 1-844-512-2921 within the United
States or 1-412-317-6671 when calling internationally and entering
access ID 10183517. An archived version of the webcast will also be
available for 90 days on the IR section of the RYVYL website or by
clicking the webcast link above.
About RYVYL
RYVYL Inc. (NASDAQ: RVYL) was born from a
passion for empowering a new way to conduct business-to-business,
consumer-to-business, and peer-to-peer payment transactions around
the globe. By leveraging proprietary blockchain ledger and
electronic token technology for the diverse international markets,
RYVYL is a leading innovator of payment transaction solutions
reinventing the future of financial transactions. Since its
founding as GreenBox POS. in 2017 in San Diego, RYVYL has developed
applications enabling an end-to-end suite of turnkey financial
products with enhanced security and data privacy, world-class
identity theft protection, and rapid speed to settlement. As a
result, the platform can log immense volumes of immutable
transactional records at the speed of the internet for first-tier
partners, merchants, and consumers around the globe.
www.ryvyl.com
Cautionary Note Regarding
Forward-Looking Statements.
This press release includes information that
constitutes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
statements are often identified by the use of words such as
“anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“intend,” “may,” “plan,” “project,” “will,” “would” or the negative
or plural of these words or similar expressions or variations.
These forward-looking statements are based on the Company's current
beliefs, assumptions and expectations regarding future events,
which in turn are based on information currently available to the
Company. Such forward-looking statements include statements
regarding the timing of the filing of the aforementioned periodic
reports. By their nature, forward-looking statements address
matters that are subject to risks and uncertainties. A variety of
factors could cause actual events and results to differ materially
from those expressed in or contemplated by the forward-looking
statements, including the risk that the completion and filing of
the aforementioned periodic reports will take longer than expected
and that additional information may become known prior to the
expected filing of the aforementioned periodic reports with the
SEC. Other risk factors affecting the Company are discussed in
detail in the Company's filings with the SEC. The Company
undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise, except to the extent required by
applicable laws.
Disclaimer Regarding Financial Information
The financial information presented in this
press release is based on preliminary, unaudited financial
statements prepared by management, for the quarter ended September
30, 2023. Accordingly, such financial information may be subject to
change. All information contained in this press release will be
qualified with reference to the unaudited financial results for the
quarter ended September 30, 2023, which is expected to be released
on or before [November 13, 2023], and will be posted
on www.SEC.gov. While the Company does not expect there to be
any material changes to the financial information provided in this
press release, any variation between the Company’s actual results
and the preliminary financial information set forth herein may be
material.
Investor Relations ContactMark SchwalenbergMZ
Group - MZ North
America312-261-6430RVYL@mzgroup.uswww.mzgroup.us
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