Content analysis
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| Legalese | ||
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H.S. junior Avg
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New words:
affirmative, annum, Asia, ASU, binomial, breakage, Clifton, consent, contact, copy, covenant, customary, David, demonstrate, deter, dispose, ETH, exert, expelled, formatted, fundamental, grace, graduated, half, Henderson, inaccuracy, inactive, inadequate, Inline, insufficient, jeopardize, Joe, kind, lattice, life, Linkbase, long, momentum, overnight, Page, penalty, percent, precision, prevailing, prime, proxy, reborrowed, repaid, repay, repayment, revolving, SOFR, strongly, succeed, Taxonomy, technique, undergo, unsuccessful, Vice, XBRL
Removed:
conclusion, condensed, forward, integration, modified, Proforma
Financial report summary
?Risks
- We may require additional capital to support the growth of our business, and such capital might not be available on acceptable terms, if at all.
- The ICE Credit Facility restricts our current and future operations, particularly our ability to respond to changes or to take certain actions.
- ICE may exert significant influence over us and its interests may conflict with yours or those of other stockholders in the future.
Management Discussion
- •Revenue increased $162.3 million primarily driven by an increase in crypto trading volume compared to the prior year second quarter; and
- •Operating expenses increased $133.2 million primarily driven by higher crypto trading costs in connection with higher crypto trading volume compared to the prior year second quarter.
- Revenues consist of crypto and loyalty revenue. We earn revenue when consumers use our services to buy, sell, and store crypto and redeem loyalty points. We generate revenue across our platform in the following key areas: