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VOYAGER Voyager Digital Reports Quarter Ended September 30 , 2021 TSX : VOYG OTCQX : VYGVF Borse Frankfurt : UCD2 NEW YORK , Nov. 16 , 2021 / CNW / - Voyager Digital Ltd. ( " Voyager " or the " Company " ) ( TSX : VOYG ) ( OTCQX : VYGVF ) ( FRA : UCD2 ) one of the fastest - growing , publicly traded cryptocurrency platforms in the United States , today announced revenue and user metrics for the Fiscal 2022 First Quarter ended September 30 , 2021 . " As we exit September and reflect on the growth of our platform , we're glad to report that our Company is stronger than ever , " said Steve Ehrlich , CEO and Co - founder of Voyager . " Although the global crypto industry saw reduced volumes in the September quarter , our strategic decision to invest in customer acquisition and retention during that period has paid off as it resulted in a significant increase in downloads and a rise in the app rankings . That coupled with the volume uptick in the first half of the December quarter has Voyager well - positioned to exceed our June quarter record revenues in this quarter . If we look at our results on a calendar basis , we expect to exceed revenue of $ 360 million for the calendar year . We saw the September quarter as just a speed bump for the industry , experienced by other platforms as well , and Voyager has fared better than others on a comparative basis . " " The dedication to our marketing efforts in the quarter is paying off as Voyager has seen increased accounts and volume growth in October and November . We will continue to invest in customer acquisition , engagement and retention , led by our industry leading loyalty program , " continued Ehrlich . The Company is pleased to announce the following Fiscal 2022 First Quarter ended September 30 , 2021 Financial and Operational Key Metrics : • Revenue for the quarter is $ 65.6 million for the historical business plus the $ 15.9 million from the Coinify business , totaling $ 81.5 million . The $ 65.6 million in revenue is up over 3,280 % compared to $ 2 million for the quarter ended September 30 , 2020 Operating Loss of $ 28.3 million for the quarter was incurred for strategic longer - term benefit , which has paid off and been reversed in the current quarter . Losses incurred were primarily due to investing in the loyalty and rewards program to continue user growth • Total verified users on the platform stand at more than 2.15 million , up 23 % from 1.75 million at fiscal year fiscal year ended June 30 , 2021 • Total funded accounts exceed 860,000 , up 29 % from 665,000 at fiscal year ended June 30 , 2021 • Total Assets Under Management grew to $ 4.3 billion from $ 2.6 billion at June 30 , 2021 with Assets Under Management at present of just under $ 7 billion • Improved our system architecture , focusing on scalability and security to handle rapid growth • Increased our headcount to 231 as of September 30 , 2021 , from 141 at June 30 , 2021 , which includes the headcount added through the Coinify acquisition Acquired Coinify , a leading crypto payments processor and provider All figures are preliminary and unaudited and subject to final adjustment . All amounts are in U.S. dollars , unless otherwise indicated . " Although we continue to grow our funded accounts , Voyager's transactional volume is contingent on market volume . Voyager plans to continue to diversify its revenues by adding additional coins that generate staking rewards as well as adding to our revenue streams through products such as NFTs and crypto based debit cards , " Ehrlich added . Conference Call Details Voyager will discuss its Fiscal 2022 First Quarter results today , November 16 , 2021 , via a conference call at 8:00 a.m. Eastern Time . To access the webcast , please register by clicking here . A live webcast and a replay will be available on the Investor Relations section of the Company's website at investvoyager.com/investorrelations/events . About Voyager Digital Ltd. Voyager Digital Ltd. ( TSX : VOYG ; OTCQX : VYGVF ; FRA : UCD2 ) is a fast - growing , publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice , transparency , and cost efficiency to the marketplace . Voyager offers a secure way to trade over 65 different crypto assets using its easy - to - use mobile application and earn