SANDIEGO, CA, Nov. 04, 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, plans to report financial results for the third quarter of 2024 on Thursday, November 14, 2024, after the market close. RYVYL management will host a conference call at 4:30 p.m. Eastern Time on Thursday, November 14, 2024, to discuss the Company's ...

SAN DIEGO, CA, Oct. 14, 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, today announced it will participate at the LD Micro Main Event XVII being held October 28-30, 2024, at the Luxe Sunset Blvd Hotel in Los Angeles. RYVYL Chairman and Co-Founder, Ben Errez, and Chief Financial Officer, George Oliva, will be in atte ...

NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Taglich Brothers, Inc. announces that it has initiated coverage of RYVYL Inc. (NASDAQ: RVYL). RYVYL Inc., headquartered in San Diego, California, is a global financial payment processing technology organization that has developed applications in order to provide an end-to-end suite of turnkey financial products with enhanced security, data privacy, identity theft protection, and rapid speed to settlement. The technology platform can process high volumes of unchan ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $11.9 million, down from $14.8 million in Q2 2023, with international revenue increasing by 134% to $8.9 million [17] - Processing volumes reached $1.055 billion, exceeding guidance and representing a 55% increase compared to Q2 2023 [16] - Gross margin for Q2 2024 was 39.9%, down from 41.2% in Q2 2023, reflecting a shift in product mix [17] Business Line Data and Key Metrics Changes - International Banking-as-a-Service offering saw transaction volume growth from $665 million in Q1 2024 to $781 million in Q2 2024 [5] - North American processing volumes were $153 million, impacted by subdued merchant activity [16] - The company is focusing on expanding its PayFac-as-a-Service and Banking-as-a-Service offerings to drive growth [14] Market Data and Key Metrics Changes - International processing volumes were $902 million, indicating strong growth in the EU market [16] - The company is leveraging partnerships with Visa and ACI to enhance transaction processing capabilities in Europe [6][14] - The EU is expected to be the largest revenue generator for the company in 2024 [4] Company Strategy and Development Direction - The company is expanding its European operations and addressing banking changes in North America through new licensing arrangements [4] - A focus on private and white label licensing opportunities is aimed at increasing customer access and reducing regulatory challenges [8] - The company is pursuing growth in high-risk verticals such as gaming, adult, and crypto businesses in Europe [27] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth prospects for the second half of 2024, with expectations for renewed sequential growth [20] - The company anticipates achieving adjusted EBITDA profitability in Q4 2024 [19] - Management acknowledged challenges in the U.S. market due to regulatory issues but believes these are largely behind them [20] Other Important Information - The company repatriated $2.5 million from Europe to support U.S. capital resources [18] - Upcoming conferences include the H.C. Wainwright Conference in September and the LD Micro Main Event in October [21] Q&A Session Summary Question: What areas are being focused on to reach profitability? - The company is reducing costs in the U.S. by approximately 25% in payroll headcount and controlling discretionary costs while maximizing cash flow in Europe [23] Question: Can you provide insights on trends in verticals? - Management sees huge demand for real-time payments, international settlements, and crypto services as key growth areas [25][26] Question: Why is Europe performing well? - The company has implemented significant infrastructure and partnerships in Europe, leading to growth in high-risk verticals [27] Question: What data points are tracked to manage business health? - The company monitors transaction volumes and residual rates across different segments to forecast results [28][29] Question: How is the U.S. market being managed? - The company decided to license technology to a partner to navigate regulatory challenges and ensure stable revenue [30][31] Question: What is the confidence level in the $65 million to $70 million revenue guidance? - The guidance includes significant growth expected in Q4, with a strong pipeline of business to onboard [36]

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 June 30, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT For the transition period from to Comm ...

SANDIEGO, CA, Aug. 05, 2024 (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, plans to report financial results for the second quarter of 2024 on Tuesday, August 13, 2024, after the market close. RYVYL management will host a conference call at 4:30 p.m. Eastern Time on Tuesday, August 13, 2024, to discuss the Company's fi ...

SAN DIEGO, CA, July 01, 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 aligned its U.S. operations to increase its focus on diversifying into new vertical markets within its Northeast Merchant Systems (NEMS) business unit. In addition to leading RYVYLs licensing strategy, Christian Murray, Vice President of Reven ...

SAN DIEGO, CA, May 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, entered into an Agreement with an existing noteholder (the "Noteholder") of its 8% Senior Convertible Note (the "Note"), pursuant to which the Noteholder agreed to further forbear RYVYL's repayment obligation under the Note to April 5, 2026. Under ...

Ryvyl Inc. (NASDAQ:RVYL) Q1 2024 Earnings Conference Call May 14, 2024 4:30 PM ET Company Participants Ben Errez - Chairman George Oliva - Chief Financial Officer Min Wei - Chief Operating Officer Fredi Nisan - Chief Executive Officer Conference Call Participants Kevin Dede - H.C. Wainwright Operator Good afternoon everyone and welcome to Ryvyl Inc's First Quarter 2024 Conference Call. At this time, all participants are in a listen-only mode [Operator Instructions] The earnings press release accompanying th ...

Washington, D.C. 20549 FORM 10-Q (MARK ONE) UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT For the transition period from to Commission file number: 001-34294 RYVYL INC. (Exact name of small business issuer as specified in its charter) Nevada 22-3962936 (State or other jurisdiction of incorporat ...