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RYVYL Reports Q4 2024 and Full Year 2024 Financial Results and Provides a Business Update
RVYLRyvyl (RVYL) GlobeNewswire·2025-03-31 11:00

Core Insights - RYVYL Inc. has reiterated its 2025 revenue guidance of 80millionto80 million to 90 million with a mid-40s percentage gross margin [1][3] - The company reported a significant increase in international revenue for 2024, reaching 37.8million,whichisa12437.8 million, which is a 124% increase compared to 2023 [2][21] - The company is actively onboarding new clients across multiple jurisdictions, enhancing its market presence and positioning for growth in 2025 [2][12] Business Overview and Competitive Position - RYVYL's competitive strengths include a unique value proposition and strategic focus that differentiate it in the fintech space [4][5] - The company is well-positioned to capitalize on the global shift towards credit cards, mobile wallets, and real-time payment platforms [4][5] - RYVYL serves nearly 1,500 business customers across 50 industries, targeting high-margin segments often overlooked by traditional processors [8][9] Technological Innovation - RYVYL is at the forefront of technological innovation, integrating various payment systems into a cohesive digital platform [7][10] - The company is enhancing its dual-sided payment platform to accommodate emerging use cases in acquiring, disbursements, and embedded finance [6][10] - RYVYL's advanced payment technology supports quick and compliant onboarding, crucial for digital banks [17] Financial Performance - For Q4 2024, RYVYL reported revenue of 14.1 million, down from 22.2millioninQ42023,withagrossmarginof38.222.2 million in Q4 2023, with a gross margin of 38.2%, up from 35.0% [21][19] - The total revenue for 2024 was 56.0 million, a decrease from 65.9millionin2023,withanotablereductionincostofrevenue[21][20]−Thecompanyreportedanetlossof65.9 million in 2023, with a notable reduction in cost of revenue [21][20] - The company reported a net loss of 26.8 million for 2024, compared to a net loss of $53.1 million in 2023 [25][31] Recent Developments - RYVYL completed key steps in its capital structure strategy, reducing potential dilution and improving financial flexibility [14] - The company has launched new services, including Visa Direct in 16 countries and co-branded debit cards in the EU [15] - RYVYL has secured two new Payments-as-a-Service contracts expected to bring in nearly one million new customer accounts [17][21]