LGHL

Lion Announces Unaudited Full Year 2023 Financial Results

Retrieved on: 
Dienstag, April 30, 2024
Sale, Depreciation, CFD, Research, OTC, Friction, Marketing, Insurance, Consultant, Risk management, Communication, ADS, TRS, Public, BNB, EPS, Mining, NFT, GAAP, LGHL, Growth, Cryptocurrency

Total revenue-generating CFD trading client accounts decreased to 1,547 as of December 31, 2023, from 1,935 as of June 30, 2023.

Key Points: 
  • Total revenue-generating CFD trading client accounts decreased to 1,547 as of December 31, 2023, from 1,935 as of June 30, 2023.
  • Total revenue-generating TRS trading client accounts increased to 348 accounts as of December 31, 2023, from 276 accounts as of June 30, 2023.
  • The nominal value of OTC stock call options sold increased from $10.9 million in 2022 to $181.5 million in 2023.
  • For more information on the non-GAAP financial measures, please see the table, titled "Unaudited Reconciliations of Non-GAAP and GAAP Financial Results," set forth at the end of this press release.

Lion Group Holding Announced the Launch of Multi-Currency Account Services Powered by AI

Retrieved on: 
Montag, April 22, 2024
OTC, Renminbi, Lion, LGHL, AI, Cryptocurrency

HONG KONG, April 22, 2024 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), the operator of an all-in-one trading platform that offers a wide spectrum of products and services, today announced the official launch of multi-currency trading account services which will be powered by AI technology.

Key Points: 
  • HONG KONG, April 22, 2024 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), the operator of an all-in-one trading platform that offers a wide spectrum of products and services, today announced the official launch of multi-currency trading account services which will be powered by AI technology.
  • While trades are settled in Hong Kong dollars traditionally, Lion's newly launched multi-currency trading account services will support pricing and settlement in a range of currencies, including offshore Renminbi and US dollars.
  • The core advantages of multi-currency trading account services include  enabling significant cost savings and higher efficiency for investors.
  • "The launch of multi-currency trading account services like this will significantly enhance the differentiation competitiveness of corresponding products and bring more incremental profit opportunities.

Lion Group Holding Announced Receipt of Nasdaq Listing Delinquency Notice

Retrieved on: 
Freitag, April 19, 2024
Lion, Calendar, Letter, LGHL, Cryptocurrency

HONG KONG, April 19, 2024 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), the operator of an all-in-one trading platform that offers a wide spectrum of products and services, today announced that on April 18, 2024, it received a delinquency notification letter from the Listing Qualifications Staff of the Nasdaq Stock Market LLC due to the Company's non-compliance with Nasdaq Listing Rule 5550(a)(2), as the bid price of the Company's ordinary shares on the Nasdaq Capital Market was below $1.00 for 30 consecutive business days, from March 5, 2024 to date.

Key Points: 
  • HONG KONG, April 19, 2024 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), the operator of an all-in-one trading platform that offers a wide spectrum of products and services, today announced that on April 18, 2024, it received a delinquency notification letter from the Listing Qualifications Staff of the Nasdaq Stock Market LLC due to the Company's non-compliance with Nasdaq Listing Rule 5550(a)(2), as the bid price of the Company's ordinary shares on the Nasdaq Capital Market was below $1.00 for 30 consecutive business days, from March 5, 2024 to date.
  • The Company is addressing the matter and is working to regain compliance within the 180 calendar day compliance period under Nasdaq rules.
  • Please refer to the Company's Report on Form 6-K filed with the Securities and Commission on April 19, 2023 for further information.

Lion Group Holding Set to Launch AI-driven Multi-currency Account Services by End of March

Retrieved on: 
Dienstag, März 19, 2024
RMB, OTC, AI, LGHL, Cryptocurrency

The system will adjust to different currency accounts in real-time and offer a suite of user-friendly investment tools and trading services to accommodate diverse investment strategies.

Key Points: 
  • The system will adjust to different currency accounts in real-time and offer a suite of user-friendly investment tools and trading services to accommodate diverse investment strategies.
  • Targeting global users across multiple industries, Lion's new services are designed to allow customers enjoy significant cost savings and enhanced efficiency.
  • The adoption of offshore RMB settlement in Lion's new trading services, however, mitigates these currency fluctuations and substantially supports the liquidity and flexibility of customers' financial strategies.
  • "Our new suite of enhanced AI-driven products and services will not only address but also anticipate the evolving needs of our customers," said Lion CEO Mr. Chunning (Wilson) Wang.

Lion's OTC Options Services Grows Significantly, Unlocking New Territory for Its Brokerage Business

Retrieved on: 
Montag, Januar 29, 2024
Risk, Fintech, LGHL, Carbon, OTC, Risk management, Security (finance)

In the fourth quarter of 2023, the Company's OTC options business revenue reached US$8 million (unaudited),  a significant increase in both nominal principle and transaction volume, with the effect of significant accretion.

Key Points: 
  • In the fourth quarter of 2023, the Company's OTC options business revenue reached US$8 million (unaudited),  a significant increase in both nominal principle and transaction volume, with the effect of significant accretion.
  • Under sensitivity analysis, the Company's OTC options business revenue is expected to reach between US$45 and US$60 million in 2024.
  • In terms of business model, the Company has adopted an advanced electronic trading platform to ensure the transparency and efficiency of each transaction.
  • Throughout the rapid development of the global OTC options markets, as a derivative product of underlying securities investment, stock options are an important supplement to equity investment tools.

Lion Announces Unaudited First Half 2023 Financial Results

Retrieved on: 
Mittwoch, Dezember 6, 2023
Sale, Policy, Risk management, TRS, Risk, Insurance, CFD, Wilson Wang, Marketing, LGHL, Total, Growth, OTC, Cryptocurrency, Lion, COVID-19

HONG KONG, Dec. 6, 2023 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services, today announced its unaudited financial results for the six months ended June 30, 2023.

Key Points: 
  • HONG KONG, Dec. 6, 2023 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services, today announced its unaudited financial results for the six months ended June 30, 2023.
  • Mr. Chunning (Wilson) Wang, CEO of Lion, commented, "We are pleased to report a great improvement in our overall business during the first half of 2023, with a strong rebound in the first half growing over pre-Covid revenue levels.
  • Total revenue for the first half of 2023 was US$13.3 million, a record high for the Company.
  • "The strong results in the first half demonstrate our resilience and the tangible outcomes of our continued focus on CFD and TRS trading.

Leveraging AI technology, Lion launches the intelligent trading algorithm service "Phoenix"

Retrieved on: 
Dienstag, September 5, 2023
Database, Research, Language, TWAP, VWAP, Machine learning, Algorithm, Logic, Artificial intelligence, LGHL, Growth, Ecology, AI, Safety, Medical device

HONG KONG, Sept. 5, 2023 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services, today announced the launch of the intelligent trading algorithm service "Phoenix" based on independent innovation and research and development of AI technology, providing users with an intelligent trading service experience deeply supported by AI algorithms.

Key Points: 
  • HONG KONG, Sept. 5, 2023 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services, today announced the launch of the intelligent trading algorithm service "Phoenix" based on independent innovation and research and development of AI technology, providing users with an intelligent trading service experience deeply supported by AI algorithms.
  • The launch of our intelligent trading algorithm service, "Phoenix" is another key development of our AI strategy following the successful creation of the intelligent investment advisory robot "Lion AI".
  • "Phoenix" is an intelligent trading service system that integrates intelligent trading, strategy customization, and margin trading and short selling.
  • From a technical perspective, Phoenix has the unique advantage of leading AI technology innovation in the industry with its rigorous technology selection and AI algorithm optimization.

Lion Announces Plan to Implement ADS Ratio Change

Retrieved on: 
Montag, Juli 3, 2023
DTC, Depository Trust & Clearing Corporation, Lion, Effective date, ADS, American depositary receipt, Tax, Depository Trust Company, Sale, LGHL, DRS, Security (finance)

HONG KONG, July 3, 2023 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services, today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio"), par value US$0.0001 per share, from the current ADS Ratio of one (1) ADS to one (1) Class A ordinary share, to a new ADS Ratio of one (1) ADS to fifty (50) Class A ordinary shares (the "ADS Ratio Change").

Key Points: 
  • HONG KONG, July 3, 2023 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services, today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio"), par value US$0.0001 per share, from the current ADS Ratio of one (1) ADS to one (1) Class A ordinary share, to a new ADS Ratio of one (1) ADS to fifty (50) Class A ordinary shares (the "ADS Ratio Change").
  • The Company anticipates that the ADS Ratio Change will be effective on or about July 13, 2023 (the "Effective Date").
  • The ADS Ratio Change will have no impact on Lion's underlying Class A ordinary shares, and no Class A ordinary shares will be issued or cancelled in connection with the ADS Ratio Change.
  • As a result of the change in the ADS Ratio, Lion's ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the ADS Ratio Change will be equal to or greater than fifty (50) times the ADS trading price before the change.

Lion Announces Unaudited Full Year 2022 Financial Results

Retrieved on: 
Freitag, April 28, 2023
Bitcoin, Pressure, Taiwan, Advertising, Internet, Wilson Wang, Policy, TRS, COVID, Sale, Friction, OTC, Lifting, LGHL, Growth, City, Cryptocurrency, CFD

HONG KONG, April 28, 2023 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services, today announced its unaudited financial results for the full year ended December 31, 2022.

Key Points: 
  • HONG KONG, April 28, 2023 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services, today announced its unaudited financial results for the full year ended December 31, 2022.
  • Our general and administrative expenses decreased by 39.1% year-over-year in 2022 as a result of our internal cost control efforts.
  • TRS trading volume was $484 million and $1,074 million for the years ended December 31, 2022 and 2021, respectively.
  • Other income increased by US$1.2 million from US$0.3 million for the year ended December 31, 2021, to US$1.5 million for the year ended December 31, 2022.

Lion Announces Internal Testing of Robo-Advisor LionAI

Retrieved on: 
Freitag, März 31, 2023
SPAC, Insurance, NFT, ChatGPT, Fintech, Research, Wilson, Acquisition, LGHL, Diagnosis, AI, Cryptocurrency

Lion, with its professional technical team, has successfully created Robo-Advisor LionAI, which has entered the internal testing phase.

Key Points: 
  • Lion, with its professional technical team, has successfully created Robo-Advisor LionAI, which has entered the internal testing phase.
  • From the perspective of commercial value, LionAI is believed to have the potential to become a leading AI natural language and intelligent investment advisory system in the field of financial technology.
  • Mr. Wang Chunning (Wilson), CEO of Lion Group Holding Ltd, said, "Lion is committed to being a pioneer in the forefront of financial technology development, continuously improving operational efficiency, and addressing environmental changes and industry trends.
  • Finance, technology, and digitalization are the three cornerstones of Lion's efforts to move forward in the frontier of financial technology.