VYGVF - Earnings call transcript Q1 2022

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Operator

Good day and welcome to Voyager Digital fiscal year, First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the prepared remarks, we will conduct a question-and-answer session. [Operator Instructions] Questions will be taken in the order they are received. At this time, I'd like to turn the call over to Mike Legg, Chief Communications Officer at Voyager. sir. ahead, go Please

Mike Legg

prior our I'd Earnings welcome discussing Call. XXXX the we fiscal Operator. morning. open Digital me With our to Ltd. year on announced which quarter, 's Today, are first the like you, market everyone this Steve to call Voyager first to Thank we'll be like where the Officer, moment to a post Executive Chief our Investor our presentation events take section Evan Psaropoulos, and investvoyager.com, Chief schedule. investors to to website Financial our investor Ehrlich, and Officer. we Relations of I at would upcoming direct

growth, that forward-looking levels. started, the want uncertainties, from discussed the in today, time materially and continue. statements decrease our not each references fluctuations that that statements the that discussed reports current such control. includes history, during law. unprecedented may are time, U.S. get normal latest duty could of dollars, any fluctuate assumptions we and our on this key that which assets everyone statements, do which and under events Before and earnings deviate of market in in volumes on November XXth, and except and are statements where material call management, measures. conference certain based by may are to this also at filings, crypto I of on Today's significant that discussed all adoption [Indiscernible] as profile www. differ any required made forward-looking under trends our and figures update risks non-IFRS could of We and are incorrect. assumptions given release today's increase contain can to call of today's Company's assets to our industry are press remind beyond financial from and to Company trends course undertake our any revenues, call SEDAR or from limited subject on and today's the trading be our made are to results no cautioned of found occur release investvoyager.com and business volatility comments as operating or The has in forward-looking Actual Listeners website, Company's outside information

to to provided contained You information financial should the measures to in today's of would touch let to release refer the non-IFRS information each CEO. of found respect today's to and including similar issued in and the statement and press disclosures earnings release. definitional measures. in in you I disclosure With press our the Co-Founder will Ehrlich, some Voyager's today. This call historical disclosure guidance IFRS on encourage that, Steve comparable over forward-looking review turn call release, me reconciliations

Steve Ehrlich

calendar Voyager. we achieved time an funded And you, major for everyone. we we objective. and exciting we reached a Thank Xst addition now we objectives, welcome we What major We over I believe we achieve continue our grow accounts. I Mike, accounts our am in happy management. happening early have When in to the to this we'll billion raised announced million objective significant milestone January management. a X to this and XX,XXX happy important $XXX of with million accounts. crypto on XXXX, we capital say the assets that X.X in now million player customer the of recently also Wow. use ecosystem. assets only started of are to funded verified on and under under year, capital I'm amongst $X that the nearly have as acceleration growth year our very to of The users add platform. customer is with committed other

industry. our the market through loyalty started slowdown. after customer we experienced view ending our Day, in and quarter that volumes XXth by on evidenced Recent would Based Labor public earnings other extraordinary facing predicted reports growth, in in invested June, rewards the late acquisition heavily volumes program. slower return our While the across June companies market industry we

saw marketing, we from competitors decision to the some our as has seize not marketing the have invest only heavily the that take the accounts. resulted business jumped took volume grow to a step our volumes the diversification. and we to we is on As dependent, significantly. This Recognizing in in addition in of back architecture, a in invest opportunity to improvements product future current but quarter our coins new return system profitability strategic

took industry fruit. new markets Coinify We strategy only with We to are metrics leader, expansion most with transactions is important what best that accounts is acquisitions providing demand. and heavily our is capitalized arrangement of we case are continue will regulatory security important possible industry biggest and is rewards adding invested our other the to to We to fuel of looking summer. marketing Voyager is necessary intend the successful future and accrued customer investing platforms, well customer upgrading satisfy in each and Growth very points grow, account Mark In in what marketing and we to Dallas of entered our be fuel forward. for our the technology through best crypto to the that bearing and competitive likely as acquisition It software In continue towards to in user addition amazing expand the experience grow the our accounts. the that are industry and as survive. experience. integrated to superior Mavericks. believe an believe as over We're and going number NASCAR our combination an This those expenses and while targeted compliance Voyager continue customer growth step staffing NBA to best is the sports-related highly Europe key belief Cuban's fuel to acquisition into our into a partnership growth. to with into our growth. compared Those

market to the of alliance, rates, critical the are from success few and long-term. industry the this participants our strategic infancy. expansion in we one as initiatives as in future are be crypto to We top emerges its capital tier for the Our intend

As quarter. a for fiscal and loss strategic result resulted first XXth the aggressive spending, in the the ending quarter decisions of our September

I'm June the quarter revenues However, on XXst significantly excited revenues our to paying and to say to -- that is is extremely December strategy Voyager significantly ending in revenue is current exceed record XXst, our XXth. for quarter ending December track achieving exceed for quarter the as the our off date ending

increase your in that is in become who our relationships March debit forward. popular stable this system, This Voyager with roll-out our product backed to utility announcement merchants. hold with our that taking like to the going that quantify the integrated it vision and you Voyager of is the can the the step are payments would returned your accounts. card platform with debit Voyager digital have token I with some believe coin in today product-focused to today, crypto our begun to Company to are another XX,XXX users already token easily the financial unique using holders also the launching a over use recent we has increased the And addition, the as retail In follows profitability. investors. conversion beginning as of we have verified quarter, XXXX the we the phased Voyager million preregistration card. will deeper of X.X the January, USDC ability a And is have into the yet for allowing account. primary now seen What sign-ups. funded turn be of USDC to develop that initiatives and in payment customers We journey we in the crypto global for your about funds is bills pay asset

provides Voyager staking and purchases product holders in our to the institute is September, number staking payments. and if use In discussed the We you feature, We retention additional anticipate rewards merchants call, and that and addition significant last yield token financial adding an grow to on stickiness our think for we we of account over transactional months. can of started an keep is increase of we'll September top addition and in next solid goal on revenue. on the staking statements, they program Our staking as the of points to tool, our also offer acquisition platform. continuing significantly revenue. effective a the few drives staking revenue as the the more token see discounts The base and

competitors. the strategy of believe stick increased those actively share. quarter, in September of multiples account a the decrease the delivered are market Despite gaining evaluation reporting of funded is Company while significant measuring our our funded roughly quarter. half is that public for we competitor we growth success accounts market the same during share, Another Thus, we

On Ontario Securities Europe expansion, enable towards the launching on Exchange waiting are Canada. from we launch to the us in geographic to working in exemptive our

we remiss service be have not the goal addition, we of of work year. discuss within me New It toward would receiving New to improvements and In our Financial of Department Services build York York continue made license. to customer a significant this

and after our part AI-based and our -- grown adding questions, on throughout efficiencies as function diligently chatbot, on have staff, live AI-based an of service are We customer AI chat held on bringing phone the edited expeditiously, working offering.

crypto best customers on customers. working for for We towards the being are class service --

counsel engaged on start Now exchange obviously our process to achieved listing to and a regulatory during to listing, has subject the The Voyager Nasdaq that we XXXX. seek timing is have TSX approvals.

we rankings. rankings investments record context. helped that, our a $XXX to performance we the are Q&A. year we seeing, your Lastly, made XXXX. Evan basis pay turn to calendar Evan. we over will Store financial year before want off revenue for we continue drive App driven if I'll have we in calendar results increased review at for to put a to take in XXXX on The With the our XXXX, as exceed look to And million significant it of in revenues uptick the calendar over

Evan Psaropoulos

joining thank Steve. us you for you, And Thank today. all

speaking all today's call will U.S. are As dollars under in topics. a figures on reminder, I Today, discussed IFRS. be X

performance at of the First, of new the our which the look as as program, first both of presentation are quarter. including well to our revenues, first XXXX, loyalty quarter financial statement Coinify a in rewards

December quarter. lending look some Second, beginning staking from month in our highlights our and current strategies, And of September. third, the select at I'll

like QX XXth, would presentation the getting program financial performance statements. I the loyalty the acquisition Coinify Before of ending impact our revenue walk through of the in on into and rewards to September

for we line is acquisition. revenue, a Coinify this crypto Also, is presentation for rewards this loaned, growth revenue, treatment accounting result is processes of which and VGX financials, new from staking which the revenue amount The quarter to gross collects to now service quarter, requires the the from a utilized. and new service. value transaction. recognized our related and services, first distinct loyalty revenue, the is customers, this fees our payments primarily reporting Merchant Coinify of for its merchant For pool on the is 's other is of when revenue. revenue services, the assets the X are of items: quarter program the to transaction tokens other behalf fee

trading is on performance, Moving our by our largely business to driven QX volumes.

volumes decline across adding down industry, Despite funded metrics, in and quarter XX% in our including to industry-wide quarter. volume, For an XXX,XXX key the across both XXX,XXX continued the we compared Company accounts. September strong the momentum users the and June approximately verified were

the at $X.X million staking. has $XX.X nearly billion. combined a and and revenues, was approximately billion from per includes as million, $X $XX.X ends. as averaged of of million deposits from Currently, $XX.X transaction quantified quarter day million quarter which revenue net our lending $XX.X also billion AUM reached approximately AUM increased and Total to $X million revenue, from $X.X We our well

of continue loss up for spread for million for a expenses, It that approximately points, revenue to our accounting is $XX.X services. with revenue. expectations posted basis of business, recorded which for streams, earlier After in the million revenue For the $XX gross average million quarter. does important XX% we alternative to of new we account we spread of trading merchant announcements, XXX $XX coins strong to the note deliver operating not quarter, nearly

and loyalty related As a for took I majority building rewards come to the of revenue and efforts trading lower Steve lending this program. long-term volumes would loss invest to mentioned, quarter. now and program is view The back activities. continued in to loyalty to the despite we rewards like our from marketing staking

mentioned call, in fourth benefit see engaged I we our of new in the month borrowers new lending high-quality As started quarter the September. these and relationships earnings of to

by And had to end have the approximately we total increased our approximately June of loaned of XXth, XX% As of AUM. XX%. September, it we

of rewards. generating more assets have in strategy staking We staking our also previously discussed

As of our X protocols AUM XX% different of XXth, staking had committed to XXXX, September across we coins.

we on strong to November. in these quarter. QX, minimum To coins. a September XX% the significantly strategies industry revenue. were briefly, we higher are incremental in achieve transactional that to to touch month. record $XX for combined a revenue in a not continue have was for While of volumes passing for than quarter and track on price quarter, record the and is volumes October our were December on beginning new mentioned sources, quarter, have continued stay a revenues to on million for the current believe go-forward pace quarterly about revenues June entire place already we other the Industry set This average October including to lending to the the of levels subject of Company the is staking basis,

partnerships, Operator who are testament investment marketing is to the loyalty program in remarks. With Our prepared increase in commitment turn in which dedicated an now open as a our average, the questions. rewards This our has our that, the it concludes our to to the October industry led outpacing will focus results and over on line I funded well which and as will accounts. for acceleration strong

Operator

first question Mark BTIG. our take We'll Instructions] Palmer [Operator with from

Mark Palmer

curtailed June the the With September the Gentlemen, quarter? saw looking expenditures or than Yes. think those to much other very we back taking thanks expenditures Are levels extent normalization something regards the to have how current my quarter at been that in should for we questions. which we to about quarter, that? during increased

Steve Ehrlich

their the when going more and decision making the significantly and and non, team were were today. volumes significant to balances important loyalty and we a program as to management rewards made are with we make Yes. is go competitors, that investment. earn, Thanks really they you're The because can for public Thanks, which Mark. joining we that to This normalization. -- that saw changes, doing back think decided customer back decrease, us to know saw what Look, other programs we Steve. going rewards amount I a and affected we went we

that lack a of borrowers too. front with, saw changes quality and some also changes We of and work partners some the we on made some on

changes. these September, more we've Now, staking coins. all made We're

make and a not in borrowers. fraction does We investment we And did that have we program higher-quality our different higher-quality -- rewards the by of the nearly the quarter. -- in to have borrowers as staking spot it's much well. September We're a much adding

Mark Palmer

September be you. regard How about think X that was up said, number the we the Thank program? as XX% would that to about of over goal What staking with time? as AUM And it to and the percentage just transition staking, and XXth. we that points part of is moving of should percentage coins of the regarding

Steve Ehrlich

Yeah.

an rewards one to by takes to staking the on platform That every coin to wealth is of generating nodes, ability it therefore revenue Our our on be and get earn we every obviously for lot there's a that with assets single for add creation customers. goal as our the the to goal is them quarter us have XXXX, add that we do. during part the we're more make hold to is relationships few we'll of customer continue a custodians. custodians finding those securely more and And and December sure in expanding we'll right because to well, staking

have If increase months. it will to increase coin in of you're it, there's the again over a stake those those to So, every an quarter-over-quarter, continued going see next to the stake XX platform. we with goal ability us we

Mark Palmer

Very good. very Thanks much.

Steve Ehrlich

Thank you.

Operator

Compass [Indiscernible] Compass or with Point. Allen Chris to next go We'll

Chris Allen

question. Thanks taking morning, the Good guys. for

you that staking the expense and lending is going you Is an investments just Just rewards because on a this noted previously. it a fraction follow-up the make to of that the expense the from rewards -- contribution line that or seeing is down side? had is you're increased the because

Steve Ehrlich

uncomfortable -- increasing It's points latter. X the comfortable the we with, We've who borrower we're said always with we all comfortable staking. very with. at that will same It's day the if borrowers customers quality never found we're borrowers is. we that that the we're higher-quality time out from lend found And that

So, side and us feel increase. changed. very to for revenue hasn't program. But retention, program the do you'll customer the loyalty engagement rewards We through it's see The going rewards to staking revenue see important acquisition, we're increase. build continue to our you'll And that.

Chris Allen

the wondering there? part capacity this increasing borrowers, saw on Understood. the specific was some for up I stated Was renegotiation, come borrowers. that. the side, And what their lending then of rates following down we X of drove just

Steve Ehrlich

are conditions some want quality think I market Yes, the it it, is And to and again, of work with. capacity. of part we who

of Our have whole And customer time that assets a goal the with? some that feel where are we've engage back we're to comfortable borrowers those, more that best more in And the all little is uptick want up too. we're seeing place to put -- we there to us. from come the and you of rate bit all now is, sometimes grown, give as borrow an but to quality

Chris Allen

Understood. there? acquisition up were What the June may quarter. I run and one of is around It guys the currently cost the the -- outlook do they had -- quarter, kind XX And to they XX from talked stand, last to. was that XX but how this you right client think

Evan Psaropoulos

to expect rise there. call, environment. will forward a QX see seeing think Yes. account, around Evan customer in increase. bit question. -- in Thanks earnings little to continue cost Marketing I This costs in $XX I I XX, more Hi, from XXth, mentioned here. a came is competitive September the for we for the Chris. Currently, acquisition last we've and going that a the Even were continued

Steve Ehrlich

payback we getting -- in have right always with payback well about that Chris, this as so in where you the on less now. we're Mark goal Yeah, it's a well. we're we was to feedback some X. That's in bit more seen us our of little than X from like But tremendous saw months make have did October those Cuban but as investments branding Dallas Mavs, the getting some

a customers, think is going seeing periods landed the our than increasing, that too. So, forward, for staking line months. greater revenue we to rewards getting our payback Meaning well. we're what slight see less staying our September. very X for able I more we're do active payback but top We'll is is XX Because more as yield, uptick

So, staying -- we're our payback. getting same with

Chris Allen

Thanks, Got it. [Indiscernible].

Steve Ehrlich

Thanks.

Operator

We'll go next to George Craig-Hallum. Sutton with

George Sutton

I if you fruit. X.X address Thank million higher the and I And have that are that engagement million you. Steve, on just what define wondered a funded increasing really What and focusing is funded? could the as registered. of you really to level in increase you that would low-hanging accounts percentage get programs X engagement

Steve Ehrlich

thanks jumping today. over X pre pre people and numbers announced on Thanks today. of had -reg how for a on are this card. as thousand the raging. for I'm I - just many for call, debit the getting call the card already We just -- we a were debit is we just

way that's we So another engage. to going are

to their we staking lot of more testing have more lot coming, needs and of We're coins aren't the some of with funded niche. research And at what do rewards find stake. that we million have they're products industry looking a $X.X do for. and out yet, We that finding more we a when

engage try products and to And tailor more our of as so, well. we those, to projects

already. was so, that debit engagement here. looking We're seeing And card big multiple things. Again, we're at the very

coming programs do down them. we'll converting. start products will And so, some that the are these we we And other we'll with and -- pike, have

many quite Where you as take, see others our that. on are, the increase or low-hanging is numbers But in give can goal You industry. we is large. to FinTech -- XX% exceed we're It's our conversion said. fruit,

George Sutton

billion that think may your in the you you $X Is have current is I buried lead. -- level? say Did AUM

Steve Ehrlich

billion AUM. We're just shy $X of

George Sutton

congratulation. have been headline, but my would That

Steve Ehrlich

Thanks.

Operator

Kadve next Adhir Eight to with Capital. go We'll

Adhir Kadve

Good morning, taking my guys. Thanks questions. for

where business? the Outside that part but know to I talk course, marketing, bit in are in dive little of the I maybe you're enhancements, you biggest more. making of your going. us but where mentioned platform other a of parts know you're about maybe the can can investing you of are marketing, investments you So, into investments that

Steve Ehrlich

building this hire Yes, thanks, for X staff. taking continuing major X were in that. investments. we're development to just and time technology our major And the Adhir, making morning. thanks is keep areas

more products employees can more has can as You from and market. development we accelerating of bring number see June September, we're grown the that to well to so to bring

AI So, continue mean, customer we've we're other investments security and our TechDev to that. for seen major phone side We're But the service. people then our really on the of the customer well. related in to and time service and our out we're do We've live making in process chat and related us response out service. service, praised time our the the we'll and building increased service. customer I system, to customer building is more as

X back are because very customer other all to we those So it experience. the areas feel important leads

us. the bring that's experience that product, on. commitment, to for down thing what going is lane marketing, building service. job whole our we're playing to most consumers. through And that's best the that's And that to we're through through important and and crypto continue And because Our comes customer

Adhir Kadve

Actually, just stuff. related and helpful. security operational on That's maybe

spike have that that on -- you a to that -- security-related for headlines, that competitors and given we those major on your find a guys your some it little of security bit focus had types Some comes you of issues. are when see you focusing you guys a that mishaps of see days guys? Do that's

Steve Ehrlich

We easy what they others lot where what get I'd we both a lot we really spikes it of we're the messages service and on of are other gets there want what focus the our mixes. retail-oriented to institutional, focus we a to The on business, we're retail why That's Look, on guys continued do. mixed, the getting gets growth. who I mixed. do, a and and at focus mixed, and in market to focus them don't well. not that customers We're that's do, building system not institutional be broker. -- create is just top-notch which darn We which those we're lane, customers it. and continuing to what our can focus that, looking get use path. to we're in we're that the outside easy we about We're doing to and going stay it, to That's down go is do accounts And reasons don't for good think the I world. to our like that. for like is, excited are if on customer. -- best we continue

Adhir Kadve

Completely the agree that. lot, a on Thanks time. I guys. appreciate

Steve Ehrlich

Thanks.

Operator

question Dede from Kevin next Our with H.C. comes Wainwright.

Kevin Dede

for Good Evan. morning, Thanks Steve, me. having

Steve Ehrlich

Kev. Hey,

Kevin Dede

could bit if like little granted looks coins mean some So, you us -- adding you're trends XX. stable wasn't long your I might that. platform wondering the the about a you and talk call I but, the think there? ago, it spread around that new with guys, going and where on give last I'm you're to insight

Steve Ehrlich

to that add. coins. think a legal all our quality going analysis. the the very out the continue We're go future. We through. process coin platform I coins. we we with think in believe want add not the coming XX We're that and legal process, analysis bring I tech -- analysis projects to to go now it's to just and a near Adding to we continue technology a We process XX it's going at, through is to We're pass s

system, scaling and keep more coins. adding the we more us see -- we're You'll as

the more You're coins X going us seeing over weeks. keep next to add

Kevin Dede

you process, that considering in side the Steve, are as staking of evaluation Okay. well? them

Steve Ehrlich

that the And factors There's a going then enough sure of go the that And which obviously into really obviously can to go on side, good we lot -- There's to custody of consumers. Who's so are offer is last lot one. Staking us obviously, legal deciding be that to yeah. into a it. got is factors coins we're for liquidity. we custody where quality another make to There's the one. coins liquidity our execution platform. want global the

Kevin Dede

stable? think it? the Do about see staying How just we then that should you spread. And

Steve Ehrlich

We've range. anytime it. where don't to the quarter XXX soon. points? the see And consistently we asks revenue seen everybody that is, we spread changing question is It's that basis XXX in every the spread And it see in

Kevin Dede

Okay. trajectory? bit attached. talked mean, We clamoring I How that a little you're obviously you about talked How to get get know more revenue merchants with trying do I associated the -- you them to attached about and Coinify. see merchant

Steve Ehrlich

an uptick as salesperson revenue system, generated through their that our wallets in embedding that of to Coinify here the already in from their process who the well a -based quarter. in seen hiring PSPs. the into gets recognition current or And business really into quarter U.S. the direct in we're widget the We've a I PSPs. see and the merchants more increase or to That in merchant for are months going come big That's get real steady next for into longer-term more we that bang but think We'll is a business. PSPs, of people to the that get coins but increase increase those XX a see time. take steady in But more sale, into we of using some to X when from wallets. their system

Kevin Dede

your are Okay. to you base? within build trying awareness How customer

Steve Ehrlich

payment systems? you're the about or retailer, the talking For

Kevin Dede

no, for retail -- for users. Yeah, your

that I card debit all try people transmit and the is and message. necessarily how It's functionality, payments not the there was going evident the added platform. you on to clearly were to For just such. that this And wondering

Steve Ehrlich

some either with some -- of email the marketing app, we through a consumers, Yes, techniques, do the notifications. like other and lot engagement through

right we in analyze the so should to data backend point them. time, And to and sophisticated using we products We engagement the them what data we've that. build the can in very is to we're send that to invested send products. have who upon to in a heavily. data this a analyze consumers what pretty right for and continue recognizes at That's decisions the to platforms system why We make team use the

Kevin Dede

running point you own do what might your At you notes consider in staking? think

Steve Ehrlich

Great question.

haven't that to to think It's us us valuable Block yet. like it Figment faster We decided because continue We guys lets others. and Gaming move that and on very using we'll a basis, move something third-parties. it's fast it But using when on the our to from more We'll scratch, plate. building time's to value the customers we're bring but quicker right. look rather at than

Kevin Dede

Okay. Much Thanks, appreciated. gentlemen.

Steve Ehrlich

Thanks, Kev.

Operator

We'll Gomes with Joe Noble go next Capital. to

Joe Gomes

Good morning.

Steve Ehrlich

Joe. Morning,

Joe Gomes

maybe huge a was update, it it give little looks here us Dallas Just wondering promotion. Mavericks success. little Obviously, in more a color like the

You numbers on once up? on long are dried there. details right or kind tail ended, can little you any give that that us that promotion of seeing some the is And

Steve Ehrlich

And had No, success has understate it's was can't actual and I a tail. numbers, haven't it real -- the and long -- we but it, it underestimate the capital's actually. in success. disclosed a Huge

Obviously, one-and-done. something been a has -- a Mavs, the talking cultivated it's increase customer bank, some and It a slowdown. and seeing hasn't why long we're not but Store wasn't had we them. integrated that positive, of consistent about That's I and from tail. much the customer it's we're in account growth. initial investor sentiment, of there's increase our signed a with seen rankings, really haven't our partnership really increase a lot done. It customers been X-year and we in So, our engagement, all there's in App

building know exactly experience continue from at CMO on in feel the we on going. gas We that We've to E-Trade. have our other with to seen our foot on And this keep I to this tail best press from and lot going I Pam this. before Comes them. in the time we're long companies how things the scratch crypto business. of does with have the a we're working

Joe Gomes

to you've Do maybe some to as you the coming us got of down the insight want ones pike? any give

Steve Ehrlich

when will more surprises, Unfortunately, like so got close know. first the Come of to on. vest. that to to And some announcements, keep we guys the some no. I have be you I

Joe Gomes

bigger last lot like momentum. picture. out significant Obviously, good amount one And news here, positive coming one Okay. of here a of looks a

back, sit or Steve, you X As of forward biggest as for concerns your what's we issues your X or business go here? the

Steve Ehrlich

new and From day day -- a customers, what really I just we I -- we're I with app. have growing. I every concern. we're a we number great industry-leading more every know the see, to the times quicker a such I get numbers on the day. I the how product obviously, to of because product. The just product bring creating. accounts want don't know engagement have -- market XX

an have We industry-leading product.

now, that thing What products Debit I that's pre can the the get helps the market wealth and engage into -reg, create to with I how only else can bring me is, that the customers truly so, coming. here fast And market? concerns card in Voyager? so more

Joe Gomes

Will to forward Steve. be looking that. Thanks,

Steve Ehrlich

Thanks, Joe.

Operator

Research. take We'll Singular question Chris of the Sakai from next

Chris Sakai

Hi, morning. good

Steve Ehrlich

Chris. Hey,

Chris Sakai

still that? I've expansion -- going got Are Europe. on Just your plans things are with How a on into there? question

Steve Ehrlich

get We're working our on timeline to there.

in we're the very for of previously. stated XXXX, license stated with already is some the while, Coinify one our important France, be and goals a And that in us our bring acquisition of we've the the get as in set things with that will it Europe, payment team, to was because table, hard KYC, of that working rails, AML As working to couple the hard the they and that for there.

Chris Sakai

your say, really Great. Okay. Dallas success Well, And measure campaign? the Mavericks how do caller, you I previous with, thanks. with talking guess

Steve Ehrlich

that a huge retaining our that number and success. customers. us, those success customers, data to is matter engagement all of are It's front, engagement, been of on customers, at most us We've looking in things: The retention, customers, the acquisition our measure have of and things three retention of with huge that acquisition. we're -- customers. acquired customers, so And we with capital engaging to we're three the we're

Chris Sakai

Well, All Okay. great. thanks. right,

Steve Ehrlich

Thanks, Chris.

Operator

call This or does I the additional over call. remarks. conclude turn portion of for today's any will Steven to Q&A now the closing

Steve Ehrlich

call. you say, XX. is our you a business season. next of, to holiday forward the attending thank everyone being great excited in all Thank again and in else, the to look February we're really much. to earnings for here and middle have Voyager. speaking quarter, you this We're Appreciate want our Appreciate or around very for where and all forward take, look Everyone the just give I you about interest call, to soon.

Operator

program. participation. This does conclude today's for Thank your you

You may any at disconnect time.

Voyager Digital (VYGVQ) 16 Nov 212022 Q1 Earnings call transcript