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Ryvyl (RVYL) - 2024 Q4 - Annual Results
RVYLRyvyl (RVYL)2025-02-28 11:02

Financial Results and Guidance - RYVYL Inc. reported preliminary financial results for the year ended December 31, 2024, with specific revenue and operating guidance for 2025 to be released on March 13, 2025[4]. - The financial information provided is based on preliminary, unaudited financial statements and may be subject to change[5]. - The company does not expect material changes to the preliminary financial information, but actual results may differ significantly[5]. - The company emphasizes that forward-looking statements are predictions and actual results may vary[10]. Fundraising Plans - The company plans to explore fundraising options, including term debt and/or equity financing, to cover a termination payment of 16.5millionrelatedtothesaleofitsRYVYLEUsubsidiary[7].Potentialfundraisingsourcesincludeanequityraiseofupto16.5 million related to the sale of its RYVYL EU subsidiary[7]. - Potential fundraising sources include an equity raise of up to 20 million under the company's S-1 registration statement filed on February 14, 2025[7]. Company Classification and Risks - RYVYL Inc. is classified as an emerging growth company under the Securities Act of 1933[3]. - The company is subject to various risks and uncertainties that could impact its future performance, including regulatory changes and market conditions[11]. Regulatory and Reporting Considerations - The press release containing financial results is not deemed "filed" under the Exchange Act, limiting its liability under that section[6]. - The company will provide updates on its financial performance and strategic initiatives in future filings with the SEC[12].