RYVYL Reports Third Quarter 2023 Financial Results
SAN DIEGO, CA, Nov. 13, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, has provided its financial results for the third quarter ended September 30, 2023.
- SAN DIEGO, CA, Nov. 13, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, has provided its financial results for the third quarter ended September 30, 2023.
- Revenue increased by $6.9 million, or 64%, to $17.5 million for the quarter ended September 30, 2023, from $10.6 million for the year-earlier quarter.
- Other income (expense) net, amounted to ($0.6) million for the quarter ended September 30, 2023, compared to ($12.7) million in the year-earlier quarter.
- Management will host a conference at 4:30 p.m. Eastern Time on Monday, November 13, 2023 to discuss third quarter 2023 financial results, provide a corporate update and conclude with a Q&A session.