Exodus Movement, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022 at 02:22 pm EST
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Exodus Movement, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 11.03 million compared to USD 18.1 million a year ago. Net loss was USD 1.35 million compared to net income of USD 9.16 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to basic earnings per share from continuing operations of USD 0.36 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to diluted earnings per share from continuing operations of USD 0.32 a year ago.
For the nine months, sales was USD 39.38 million compared to USD 69.44 million a year ago. Net loss was USD 21.71 million compared to USD 31.39 million a year ago. Basic loss per share from continuing operations was USD 0.86 compared to USD 1.33 a year ago. Diluted loss per share from continuing operations was USD 0.86 compared to USD 1.33 a year ago.
Exodus Movement, Inc. and its wholly owned subsidiaries is a technology company. The Company has developed the Exodus Platform, an unhosted and self-custodial cryptocurrency software wallet for multiple types of digital assets. The Company has created a self-custodial digital asset wallet and partnered with third parties to provide various services that utilize its wallet through its digital asset platform. It provides a range of services from digital asset to digital asset swaps, and the ability to earn rewards on staked crypto assets. The Company operates in the blockchain, and digital asset industry and users of its products range from people completely unfamiliar to quite familiar with this technology. The Exodus Platform can be downloaded from the exodus.io Website, the iOS app store, the Google Play store, and the Chrome Web Store. Its products include Web3 Wallet, Mobile Wallet, Desktop Wallet, Trezor Hardware Wallet, and Exodus Crypto Apps.
EXODUS MOVEMENT, INC. 
