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WonderFi Technologies Inc ( (TSE:WNDR) ) has issued an update.
WonderFi Technologies Inc. has announced a record fourth-quarter 2024 financial guidance, projecting total revenue and interest income between $20.5 million and $21 million, marking a 156% increase from the previous quarter. The company expects to achieve a positive EBITDA margin of 21-22% and anticipates cash and digital assets to surpass $48.5 million by year-end. With significant client asset growth and trading volumes through its platforms Bitbuy and Coinsquare, WonderFi has also repurchased and canceled 7.3 million common shares. These developments highlight WonderFi’s strong operational strategy and solidify its position as a leader in the digital asset industry.
More about WonderFi Technologies Inc
WonderFi Technologies Inc. is one of the largest regulated crypto trading platforms in Canada, serving as a global leader in centralized and decentralized financial services and products. It manages over $2.1 billion in assets under custody and offers a range of services including trading, payments, and decentralized products. The company owns prominent brands such as Bitbuy, Coinsquare, SmartPay, and Tetra Trust.
YTD Price Performance: -11.67%
Average Trading Volume: 2,405,364
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$184.3M
For a thorough assessment of WNDR stock, go to TipRanks’ Stock Analysis page.
