Tagged: earnings report

March 3, 2021 @ 9:56 pm By Omar Faridi  |  

Lemonade (NYSE:LMND), a fast-growing Insurtech that emerged as one of the most successful initial public offerings of 2020 (and recently launched life insurance), has released its Q4 2020 and full year 2020 financial results. In its Letter to Shareholders, which is posted to Lemonade’s Investor… Read More

November 10, 2020 @ 11:19 am By Omar Faridi  |  

Singapore based Razer recently revealed that it’s expecting to generate sizable profits for this current financial year after reporting around $40.3 million in adjusted losses for the year ending on December 31, 2019. The gaming and lifestyle focused firm stated that it managed to record… Read More

November 6, 2020 @ 7:21 am By Omar Faridi  |  

Square (NYSE:SQ), a popular payments platform, confirmed on November 5, 2020, that it had sold around $1.63 billion in Bitcoin (BTC) via its widely-used Cash App during Q3 2020. Square’s management reported gross profits of about $32 million from Bitcoin transactions (for the third quarter… Read More

October 7, 2020 @ 4:57 pm By Omar Faridi  |  

NAGA Group (XETRA: N4G), a Germany-based social trading-focused brokerage firm, reported its financial results on October 5, 2020, for Q3 2020. The NAGA Group claims that it generated record sales and trading volume. The company’s sales volume reportedly increased by 506% year-on-year to €7.1 million… Read More

October 1, 2020 @ 9:54 am By Omar Faridi  |  

Triterras, a blockchain-based Fintech solution provider for trade finance, has released its financial results for the past six months (ending on August 31, 2020). Triterras generated $23.7 million in revenue during this time period. The company reported a net income of $14.2 million and its… Read More

August 21, 2020 @ 9:19 am By Omar Faridi  |  

Chinese Fintech Unicorn Ant Group, which is part-owned (33%) by digital commerce giant Alibaba, is currently planning dual IPO listings in Hong Kong and Shanghai. Established by billionaire Jack Ma’s Alibaba (NYSE:BABA), Ant Group, which includes AliPay, earned 9.2 billion CNY (appr. $1.3 billion) in… Read More

August 15, 2020 @ 4:12 pm By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) (OTC: BRPHF), a financial services firm that specializes in digital assets, published its Galaxy Digital Holdings LP’s and GDH Ltd.’s financial results on August 14, 2020. Galaxy Digital CEO Michael Novogratz noted that its Q2 2020 and year-to-date results… Read More

August 5, 2020 @ 7:30 am By Omar Faridi  |  

Payments company Square (NYSE:SQ) reported on August 4, 2020, that it generated $875 million in Bitcoin (BTC) related revenue through the company’s popular Cash App service during Q2 2020. Overall, Square reported a big beat topping analyst expectations. The jump was driven in part from… Read More

May 8, 2020 @ 12:59 am By Omar Faridi  |  

Payments company Square (NYSE:SQ) revealed on May 6, 2020 that it generated $306 million in Bitcoin (BTC) revenue during Q1 2020. Square noted in its latest earnings release to investors: “Bitcoin revenue generated gross profit of $7 million in the first quarter of 2020.”  The… Read More

January 30, 2020 @ 4:41 am By Omar Faridi  |  

San Diego-based Silvergate Bank, which notably counts major digital assets exchanges Coinbase, Gemini and Kraken as its customers, has revealed that it had 804 crypto-related business clients (as of December 2019). The bank, which is well-known for its innovative businesses in Fintech, reportedly added 48… Read More