Voyager Digital Fiscal Q1 Revenue Falls 40% From 4Q

Voyager Digital said Wednesday that its fiscal first-quarter revenue climbed to more than $60 million from $2 million a year ago, but fell 40% from its fiscal fourth quarter.

The crypto brokerage platform posted preliminary revenue for the three months ended Sept. 30 of between $63 million and $67 million.While that represents a more than 30-fold jump from the year-earlier period, it’s 40% below the figure for the company’s fiscal fourth quarter that ended on June 30.Voyager Digital’s shares on the Toronto Stock Exchange (TSX: VOYG) were down more than 14% at the time of writing.Verified users increased to more than 2 million from 87,500 the year before, with net new deposits growing to $827 million from $36 million.Voyager Digital is publicly traded in North America on the TSX and in Europe on the Frankfurt Stock Exchange.

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