EQONEX Announces Fiscal Year 2021 Financial Results
Retrieved on:
Wednesday, June 30, 2021
Revenue was primarily generated during the last quarter of fiscal year 2021 as a result of a significant increase in revenue-generating trading volume on EQONEX exchange.
Key Points:
- Revenue was primarily generated during the last quarter of fiscal year 2021 as a result of a significant increase in revenue-generating trading volume on EQONEX exchange.
- During fiscal year 2021, EQONEX also focused on developing its other business lines to drive future revenue growth.
- Digivault, the Custody Business, was integrated with EQONEX towards the end of the fiscal year 2021.
- Operating loss for fiscal year 2021 was US$64.6 million, an increase from US$42.5 million during the prior fiscal year.