TechFlow news, self-custody wallet company Exodus Movement released its Q2 2024 financial report. The report shows:
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Revenue increased 80% year-over-year to $22.3 million.
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Net loss of nearly $10 million, compared to a profit of $1.9 million in the same period last year.
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Monthly active users rose to 1.5 million, up from 1.2 million in the same period last year.
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Processed over $1 billion in crypto trading volume for exchanges in Q2.
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Held $70.7 million in cash and equivalents, and $195.5 million in digital assets.
CFO James Gernetzke noted the company has "long-term growth potential" and plans strategic investments in its products. Notably, this is Exodus’s first quarterly report since its listing on NYSE American in May this year.
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