Core Viewpoint - RYVYL Inc. has entered into a Preferred Stock Repurchase and Note Repayment Agreement to fully repay an 8% Senior Convertible Note and redeem all shares of its Series B Convertible Preferred Stock, indicating a strategic move to strengthen its financial position and reduce outstanding liabilities [1]. Group 1: Financial Agreement Details - The Company is required to make a first tranche payment of $13.0 million by January 27, 2025, with an option to extend to February 3, 2025, for an additional $50,000 [1]. - Following the first tranche payment, the remaining balance of the Note will be $4.0 million, with a maturity date advanced to April 30, 2025 [5]. - If the Company fails to pay the remaining balance by the due date, the Note will revert to its original terms, and interest will accrue again [5]. Group 2: Company Overview - RYVYL Inc. is a leading innovator in payment transaction solutions, focusing on electronic payment technology for various international markets [3]. - The Company has developed an end-to-end suite of financial products that emphasize security, data privacy, and rapid transaction settlement [3]. - Since its founding in 2017, RYVYL has aimed to transform business-to-business, consumer-to-business, and peer-to-peer payment transactions globally [3].

SAN DIEGO, CA, Jan. 22, 2025 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for diverse international markets, has entered into a new non-binding Memorandum of Understanding with a securityholder of the Company, replacing a previously announced Memorandum of Understanding, which expired on November 29, 2024 (the “New MOU”) for the full repayment and termi ...

SAN DIEGO, CA, Nov. 20, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for diverse international markets, amended the previously announced non-binding Memorandum of Understanding (the “MOU”) for the full repayment and termination of an 8% Senior Convertible Note (the “Note) and the redemption of all shares of the Company’s Series B Convertible Prefer ...

Ryvyl (RVYL) came out with a quarterly loss of $0.53 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to loss of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -96.30%. A quarter ago, it was expected that this company would post a loss of $0.96 per share when it actually produced a loss of $0.64, delivering a surprise of 33.33%.Over the last four quarters, the company has surpassed consens ...

SAN DIEGO, CA, Nov. 11, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for diverse international markets, has signed a non-binding Memorandum of Understanding (the “MOU”) with the investor (the “Investor”) setting forth the terms agreed to by the Company and the Investor for the full repayment and termination of an 8% Senior Convertible Note (the “No ...

SANDIEGO, CA, Nov. 04, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for diverse international markets, plans to report financial results for the third quarter of 2024 on Thursday, November 14, 2024, after the market close. RYVYL management will host a conference call at 4:30 p.m. Eastern Time on Thursday, November 14, 2024, to discuss the Company's ...

SAN DIEGO, CA, Oct. 14, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for diverse international markets, today announced it will participate at the LD Micro Main Event XVII being held October 28-30, 2024, at the Luxe Sunset Blvd Hotel in Los Angeles. RYVYL Chairman and Co-Founder, Ben Errez, and Chief Financial Officer, George Oliva, will be in atte ...

NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Taglich Brothers, Inc. announces that it has initiated coverage of RYVYL Inc. (NASDAQ: RVYL). RYVYL Inc., headquartered in San Diego, California, is a global financial payment processing technology organization that has developed applications in order to provide an end-to-end suite of turnkey financial products with enhanced security, data privacy, identity theft protection, and rapid speed to settlement. The technology platform can process high volumes of unchan ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $11.9 million, down from $14.8 million in Q2 2023, with international revenue increasing by 134% to $8.9 million [17] - Processing volumes reached $1.055 billion, exceeding guidance and representing a 55% increase compared to Q2 2023 [16] - Gross margin for Q2 2024 was 39.9%, down from 41.2% in Q2 2023, reflecting a shift in product mix [17] Business Line Data and Key Metrics Changes - International Banking-as-a-Service offering saw transaction volume growth from $665 million in Q1 2024 to $781 million in Q2 2024 [5] - North American processing volumes were $153 million, impacted by subdued merchant activity [16] - The company is focusing on expanding its PayFac-as-a-Service and Banking-as-a-Service offerings to drive growth [14] Market Data and Key Metrics Changes - International processing volumes were $902 million, indicating strong growth in the EU market [16] - The company is leveraging partnerships with Visa and ACI to enhance transaction processing capabilities in Europe [6][14] - The EU is expected to be the largest revenue generator for the company in 2024 [4] Company Strategy and Development Direction - The company is expanding its European operations and addressing banking changes in North America through new licensing arrangements [4] - A focus on private and white label licensing opportunities is aimed at increasing customer access and reducing regulatory challenges [8] - The company is pursuing growth in high-risk verticals such as gaming, adult, and crypto businesses in Europe [27] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth prospects for the second half of 2024, with expectations for renewed sequential growth [20] - The company anticipates achieving adjusted EBITDA profitability in Q4 2024 [19] - Management acknowledged challenges in the U.S. market due to regulatory issues but believes these are largely behind them [20] Other Important Information - The company repatriated $2.5 million from Europe to support U.S. capital resources [18] - Upcoming conferences include the H.C. Wainwright Conference in September and the LD Micro Main Event in October [21] Q&A Session Summary Question: What areas are being focused on to reach profitability? - The company is reducing costs in the U.S. by approximately 25% in payroll headcount and controlling discretionary costs while maximizing cash flow in Europe [23] Question: Can you provide insights on trends in verticals? - Management sees huge demand for real-time payments, international settlements, and crypto services as key growth areas [25][26] Question: Why is Europe performing well? - The company has implemented significant infrastructure and partnerships in Europe, leading to growth in high-risk verticals [27] Question: What data points are tracked to manage business health? - The company monitors transaction volumes and residual rates across different segments to forecast results [28][29] Question: How is the U.S. market being managed? - The company decided to license technology to a partner to navigate regulatory challenges and ensure stable revenue [30][31] Question: What is the confidence level in the $65 million to $70 million revenue guidance? - The guidance includes significant growth expected in Q4, with a strong pipeline of business to onboard [36]

Core Points - RYVYL Inc. plans to report its financial results for Q2 2024 on August 13, 2024, after market close [1] - A conference call will be held on the same day at 4:30 p.m. Eastern Time to discuss the financial results and provide a corporate update [2] - The company utilizes proprietary blockchain ledger and electronic token technology to innovate payment transaction solutions for international markets [5] Financial Reporting - The financial results for the second quarter ended June 30, 2024, will be discussed during the conference call [2] - Participants can join the call using specific dial-in numbers or through a webcast link [3] Company Overview - RYVYL Inc. was founded in 2017 as GreenBox POS and focuses on empowering various payment transaction methods globally [5] - The company offers an end-to-end suite of financial products that emphasize security, data privacy, and rapid transaction settlement [5]