Financial Results and Guidance - RYVYL Inc. reported preliminary financial results for the year ended December 31, 2024, with specific revenue and operating guidance for 2025 to be released on March 13, 2025[4]. - The financial information provided is based on preliminary, unaudited financial statements and may be subject to change[5]. - The company does not expect material changes to the preliminary financial information, but actual results may differ significantly[5]. - The company emphasizes that forward-looking statements are predictions and actual results may vary[10]. Fundraising Plans - The company plans to explore fundraising options, including term debt and/or equity financing, to cover a termination payment of $16.5 million related to the sale of its RYVYL EU subsidiary[7]. - Potential fundraising sources include an equity raise of up to $20 million under the company's S-1 registration statement filed on February 14, 2025[7]. Company Classification and Risks - RYVYL Inc. is classified as an emerging growth company under the Securities Act of 1933[3]. - The company is subject to various risks and uncertainties that could impact its future performance, including regulatory changes and market conditions[11]. Regulatory and Reporting Considerations - The press release containing financial results is not deemed "filed" under the Exchange Act, limiting its liability under that section[6]. - The company will provide updates on its financial performance and strategic initiatives in future filings with the SEC[12].

Core Viewpoint - RYVYL Inc. anticipates significant revenue growth and improved gross margins in 2025, driven by robust business development and a shift towards higher-margin banking-related revenue [2][3]. Financial Performance - The company expects 2024 total revenue to be approximately $56.0 million, within the guidance range of $56 million to $60 million [1]. - For 2025, RYVYL projects revenue between $80 million and $90 million, indicating over 50% growth at the midpoint compared to 2024 [2]. - The gross margin is expected to expand to the mid-40s percentage, contributing to positive annual adjusted EBITDA and operating cash flow in the latter half of 2025 [2]. Business Development - RYVYL's CEO highlighted that strong business development and sales initiatives in 2024 have positioned the company for robust growth in 2025 [2]. - The company is focusing on increasing its high-margin, banking-related revenue, particularly through its RYVYL EU subsidiary [2]. Balance Sheet Strengthening - The company has successfully retired the outstanding balance of Series B Convertible Preferred Stock and reduced the Senior Secured Note balance to $4.0 million, enhancing shareholder equity by over $50 million without dilution [4][5]. - RYVYL has filed an S-1 registration statement to raise up to $24 million to support its growth initiatives [5]. Transaction Processing Volumes - RYVYL's transaction processing volumes have shown a trend of increasing international revenue, which is expected to continue in 2025 [6]. - The company provided data indicating that the blended percentage of transaction processing volumes has been trending lower due to the growth in its international business, which has a higher mix of banking revenues [6][8].

Core Viewpoint - RYVYL Inc. has completed a significant financial restructuring by paying an initial tranche of $13.0 million to a securityholder, which is expected to reduce dilution risk and lower the overall cost of capital for the company [1][4]. Group 1: Financial Transactions - The company redeemed all shares of its Series B Convertible Preferred Stock, with a liquidation value of $53.1 million [4]. - The company partially repaid the 8% Senior Convertible Note, reducing the outstanding principal from $18.3 million to $4.0 million, which is due on or before April 30, 2025 [4]. - The company has temporarily suspended certain obligations related to the Note, including interest payments and the securityholder's right to convert the Note, which will be restored if the second tranche of $4.0 million is not paid by the due date [4]. Group 2: Company Overview - RYVYL Inc. is a leading innovator in payment transaction solutions, focusing on electronic payment technology for diverse international markets [2]. - The company was founded in 2017 as GreenBox POS and has developed a suite of financial products that emphasize security, data privacy, and rapid transaction settlement [2]. - RYVYL's platform is capable of logging large volumes of immutable transactional records at high speeds, catering to first-tier partners, merchants, and consumers globally [2].

Core Viewpoint - RYVYL Inc. has entered into a Preferred Stock Repurchase and Note Repayment Agreement to fully repay an 8% Senior Convertible Note and redeem all shares of its Series B Convertible Preferred Stock, indicating a strategic move to strengthen its financial position and reduce outstanding liabilities [1]. Group 1: Financial Agreement Details - The Company is required to make a first tranche payment of $13.0 million by January 27, 2025, with an option to extend to February 3, 2025, for an additional $50,000 [1]. - Following the first tranche payment, the remaining balance of the Note will be $4.0 million, with a maturity date advanced to April 30, 2025 [5]. - If the Company fails to pay the remaining balance by the due date, the Note will revert to its original terms, and interest will accrue again [5]. Group 2: Company Overview - RYVYL Inc. is a leading innovator in payment transaction solutions, focusing on electronic payment technology for various international markets [3]. - The Company has developed an end-to-end suite of financial products that emphasize security, data privacy, and rapid transaction settlement [3]. - Since its founding in 2017, RYVYL has aimed to transform business-to-business, consumer-to-business, and peer-to-peer payment transactions globally [3].

SAN DIEGO, CA, Jan. 22, 2025 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for diverse international markets, has entered into a new non-binding Memorandum of Understanding with a securityholder of the Company, replacing a previously announced Memorandum of Understanding, which expired on November 29, 2024 (the “New MOU”) for the full repayment and termi ...

SAN DIEGO, CA, Nov. 20, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for diverse international markets, amended the previously announced non-binding Memorandum of Understanding (the “MOU”) for the full repayment and termination of an 8% Senior Convertible Note (the “Note) and the redemption of all shares of the Company’s Series B Convertible Prefer ...

Ryvyl Inc. (NASDAQ:RVYL) Q3 2024 Results Conference Call November 14, 2024 4:30 PM ET Company Participants Ben Errez - Chairman Fredi Nisan - Chief Executive Officer & Co-Founder George Oliva - Chief Financial Officer Conference Call Participants Michael Donovan - H.C. Wainwright Howard Halpern - Taglich Brothers Operator Good afternoon, everyone, and welcome to Ryvyl Inc. Third Quarter 2024 Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow ...

Ryvyl (RVYL) came out with a quarterly loss of $0.53 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to loss of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -96.30%. A quarter ago, it was expected that this company would post a loss of $0.96 per share when it actually produced a loss of $0.64, delivering a surprise of 33.33%.Over the last four quarters, the company has surpassed consens ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 par value RVYL The Nasdaq Stock Market LLC (Nasdaq Capital Market) FORM 10-Q (MARK ONE) ☒QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT For the transition period from to ...

SAN DIEGO, CA, Nov. 11, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for diverse international markets, has signed a non-binding Memorandum of Understanding (the “MOU”) with the investor (the “Investor”) setting forth the terms agreed to by the Company and the Investor for the full repayment and termination of an 8% Senior Convertible Note (the “No ...