Ryvyl -RYVYL Announces 2024 Preliminary Revenue of $56.0 Million and Introduces 2025 Revenue Guidance of $80 Million to $90 Million

Core Viewpoint - RYVYL Inc. anticipates significant revenue growth and improved gross margins in 2025, driven by robust business development and a shift towards higher-margin banking-related revenue [2][3]. Financial Performance - The company expects 2024 total revenue to be approximately $56.0 million, within the guidance range of$ 56 million to $60 million [1]. - For 2025, RYVYL projects revenue between$ 80 million and $90 million, indicating over 50% growth at the midpoint compared to 2024 [2]. - The gross margin is expected to expand to the mid-40s percentage, contributing to positive annual adjusted EBITDA and operating cash flow in the latter half of 2025 [2]. Business Development - RYVYL's CEO highlighted that strong business development and sales initiatives in 2024 have positioned the company for robust growth in 2025 [2]. - The company is focusing on increasing its high-margin, banking-related revenue, particularly through its RYVYL EU subsidiary [2]. Balance Sheet Strengthening - The company has successfully retired the outstanding balance of Series B Convertible Preferred Stock and reduced the Senior Secured Note balance to$ 4.0 million, enhancing shareholder equity by over $50 million without dilution [4][5]. - RYVYL has filed an S-1 registration statement to raise up to$ 24 million to support its growth initiatives [5]. Transaction Processing Volumes - RYVYL's transaction processing volumes have shown a trend of increasing international revenue, which is expected to continue in 2025 [6]. - The company provided data indicating that the blended percentage of transaction processing volumes has been trending lower due to the growth in its international business, which has a higher mix of banking revenues [6][8].