The following is a summary of the Ryvyl, Inc. (RVYL) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Ryvyl, Inc. reported a 100% increase in 2023 revenue totaling approximately $66 million. Q4 2023 revenue also increased 100% year over year to $22.3 million, exceeding the guidance range.

• Earnings were realized through a record processing volume of approximately $3.1 billion, an 82% increase from 2022.

• Debt reduction was achieved through exchange agreements, bringing the total indebtedness to $19.2 million as of December 31, 2023.

• Q4 2023 Adjusted EBITDA improved to a positive $0.1 million compared to negative $2.9 million in Q4 2022.

Business Progress:

• Strong growth observed from the acquisition of Transact Europe, rebranded as Ryvyl EU.

• Ryvyl Inc. has collaborated with R3, secured CEPA enablement and is working towards full integration with Visa Direct, aiming to offer efficient, secure transactions.

• The company maintained operative efficiency and expanded payment processing capacity by retaining Coyni as a wholly owned subsidiary.

• The firm projects to process over $5 billion in volume for 2024 with a revenue projection of $90 million to $100 million.

• Ryvyl, Inc. has plans to expand globally into Asia and South America, while focusing on transitioning processing capabilities, exploring partnerships, and considering new market penetration verticals.

More details: Ryvyl IR

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