RYVYL Announces Preliminary Q2 2023 Financial Results; Sees Q2 Revenue $14.5M Vs $13.1M Est; Sees Processing Volume $650M
Portfolio Pulse from Benzinga Newsdesk
RYVYL Inc. has announced preliminary financial results for Q2 2023, expecting total revenues of at least $14.5 million, a 30% sequential increase from Q1 2023. The company's Q2 processing volume is expected to be at least $650 million, a 16% increase from Q1 2023. Both figures exceed the company's target ranges.
July 19, 2023 | 12:20 pm
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RYVYL's Q2 2023 revenues and processing volume are expected to exceed the company's target ranges, indicating strong business momentum.
RYVYL's Q2 2023 revenues and processing volume are expected to exceed the company's target ranges. This indicates strong business momentum and successful execution of growth initiatives, which could positively impact the company's stock price in the short term.
CONFIDENCE 90
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RELEVANCE 100