Ryvyl ( (RVYL) ) just unveiled an update.
Ryvyl Inc. announced its preliminary 2024 revenue of $56 million and projected 2025 revenue between $80 million and $90 million, reflecting over 50% growth. The company plans to enhance gross margins to the mid-40s percent and achieve positive EBITDA and cash flow in the latter half of 2025. Ryvyl aims to terminate an asset sale agreement for its RYVYL EU subsidiary by raising $16.5 million through potential fundraising options, including equity financing. The company recently improved its balance sheet by retiring its Series B Convertible Preferred Stock and reducing its Senior Secured Note, which increased shareholder equity by over $50 million.
More about Ryvyl
RYVYL Inc. is a leading innovator in payment transaction solutions, leveraging electronic payment technology for various international markets. Founded in 2017 as GreenBox POS in San Diego, the company offers a comprehensive suite of financial products with enhanced security, data privacy, and rapid transaction settlement, catering to business-to-business, consumer-to-business, and peer-to-peer transactions globally.
YTD Price Performance: -31.82%
Average Trading Volume: 111,317
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $7.52M
For a thorough assessment of RVYL stock, go to TipRanks’ Stock Analysis page.