EXOD - Earnings call 3 2023 | Exodus Movement, Inc.

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Operator

You can expect a response from our Investor Relations team within 24 hours. And with that, let's go to JP for [indiscernible]

J. Richardson

Thank you, Chris, and to everyone watching. Thank you for joining us today for Exodus third quarter call. We talked about Wallet-as-a-Service last quarter. sector ocean Wallet-as-a-Service strategy. requires to our business blue a resilient dominance embodies and commitment Building providing cracking What involvement wallet process. Wallet-as-a-service about in us mainstream the it's sets apart dApps. development is is experiences for not visually secure and unparalleled, our WebX active software, captivating about just revenue nearly This is avenue. not a BXB gateway a white-label distribution Swap Fiat and and Aggregator, our for It's channels partnerships services. to a BXB infrastructure, our Wallet first Exodus is first deal, Magic customer. Eden announce proud as-a-Service as with our to

on with partner Ethereum well quarter, Bitcoin to and We applicants, spot United both Eden to to delayed Fiat XX%, States year. in continued ETF Bitcoin, as prices thrilled decision and are macro. In SEC BlackRock assets services. including Bitcoin well broadly software, the quarter their declined wallet its XX% Magic down the all crypto The companies about the their as our down third Ethereum provide U.S. prices of talk about slightly more Fidelity. access at walk and infrastructure and above mainstream. This beginning with towards remain Bitcoin and for Swap with is the a

ETF when higher. All before was the potential fourth prices crypto speculation of about a quarter Bitcoin this sent generally continued

the Financial ensure the advertised. U.K. we they we and be which Conduct for has wide the for to list can that Authority, recently regarding to On regulatory strict financial Kingdom. Last been U.K. companies prepared compliance regulations, services the language has that Exodus set named were appears preparing the before these took United crypto FCA worked new front, proactive the in U.K. went utilizing month, of effect how the We to in in guidelines guidelines on of firms. Exodus comes warning been companies it when net to broad effect. into list. the enforcement, on unauthorized X companies, FCA have many a by is for for regulations place cast Unfortunately,

Now a there's clear register the for custodians. focused Because with to Exodus to crypto asset FCA up, to self-custodial are everything register. is way on laws but no wallet invited currently the

working Our currently, most our U.K. through working that is this on Exodus not minds App best restored. immediate legal available currently to Mobile impact is customers store. the are the this U.K. get We're on problem

So from a not our There's widely if on any includes an our impact U.K. revenues future are without corporate current reasonably immediate effect perspective, but revenues, globally, distributed it users expected situation continues or improvement. the could our resolution the which

App importance in broadly not find will your at their chance This urge we today. currently. past something to seriously like best those of and be working has who U.K. themselves work the custodian, the for application clear, is continue applied is future. taken matter wealth have in still to unpredictable is this successfully in the have custody. to we on control So And who to the that U.K. already of wallet adapting government the regulation digital Exodus used their just mercy Those reminder the self-custodial because unable before U.K. downloaded those trying not is have own are that the are a in that always will are an Exodus own Exodus. of that that never store Exodus cell download you of custody Bitcoin Exodus. It's on using I assets take another the of do to available to located

review James, third is CFO, finances. quarter your Our here our James. way, Take to

James Gernetzke

asset year I'll activity as from revenue when will the at of took shaken QX 'XX a is slightly. and end, going QX general in as JP. the results, market little decreased We'll full out our XXXX. markets deeper. of more. And around Thanks, versus it's then results. bear our breather of in see a up full such, year XXXX. prices in you'll QX versus ago for that in But I commentary but QX general a And But down bit was look short QX, things what with how we give call, start Digital see the let's

$XX at has So in of thing any at versus but base our not is shown here our which us revenue the they given is which the may same leave volume, we've that XXXX. down that but million, XXXX. I'll the evidence I X. QX, up direct a this seen quarter. not of million And in interesting times quarter, $XXX along X% XXXX. MAUs And quarter quarter, the down over similar trend, for they usually month, the moving $XX.X from versus when is X% many from up user the while the swap quarter was The in X% X% prior X% the we were prior from active be ended do or month in XXX,XXX, some down that's that some QX talk later around million in more And last go about thoughts Exodus.

demonstrate our So where delivering This growth. is our company's moving we next slide. profitability to during to on all commitment really the phases of

as that significant EBITDA in a avenue. And Obviously, $X a despite EBITDA balance that positive for see quarter start. versus XXXX you we're way it we each will of $XXX profitability as and the digital assets such, million a no in strong our So the And if was in even increases XXXX. breather, and to always, the it will. And sheet on I'll run. end. be with to managed should last quarter have short better, repeat its quarter's in debt quarter at fingers certainly good bull And remain we great million position our that adjusted all and market appears crossing cash that our continues continues taking we're Bitcoin further finally, XXXX expectation adjusted scale we're into

quarters. open and for previous as looking in We mission, to always this mentioned to capital opportunities our are deploy accelerate I've

who we fourth quarter our elevated to the in in back stayed increased they time that mentioned breadth have took maybe far. is a in cryptocurrency at too. having QX, And if they're users and running. XXXX really had earlier prices end JP back call thus thoughts, early taken now that the September, jump little So the to market of Exodus off And the

up revenues over this be MAUs in December the be somewhere is active Our few is swap the metric $XX between at full monthly where in land while volume to expect bring And XXX,XXX and days of and beyond seen highest past we'll measured the up far range our MAUs QX million users the remains and increases it month phenomenal November so shaping exactly see. Overall, to $XX XXXX volumes, to we the end in to year. of will terms million. really for have year, been end what year

are end strong. to best we're that, the to of point predictions QX. year finish these and course, back released numbers expectations this JP. the for looking final That the will at And Of quarter, but next you, be with

J. Richardson

Thanks, James.

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with this season. and makes I'd send friends investors. my customers staff to thanks always, Exodus loyal like our family to excellent share support as and heartfelt And to an Our reason holiday

traditional have for supported me this that's quarter. our exit yourselves You to system. Folks, empowered world you the the financial help mission and all have

So us Chris, finish please line. take to the

Operator

for social submit questions your Remember, to third JP. our Thanks, the visit to quarter. for management, channels

expect responses can thanks within us our you joining each Investor of today. Now, to And inquiries your from team direct for hours. being that Relations said, XX

Exodus Movement (EXOD) 29 Nov 232023 Q3 Earnings call transcript