Voyager Digital (VYGVF)(VOYG:CA) – Fiscal 2021 4Q and Full Year Results

Monday, November 01, 2021

Voyager Digital (VYGVF)(VOYG:CA)
Fiscal 2021 4Q and Full Year Results

Voyager Digital Ltd through its subsidiary, operates as a crypto asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. The company offers investors execution, data, wallet and custody services through its institutional-grade open architecture platform.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    4Q21 Results. Voyager reported $109 million of revenue for the fiscal fourth quarter ended June 30th and $175.1 million for the fiscal year. We had projected revenue of $105 million and $171 million, respectively. Adjusted EBITDA was $21.2 million and $62.7 million, respectively. Voyager reported net income of $30.0 million for the fourth quarter and a net loss for the year of $51.5 million, or $0.39 per share.

    Metrics.  AUM of $6 billion and verified users of 2.4 million are both up from the October 6th release on preliminary 1Q22 results, of $5 billion and $2.15 million, illustrating the rapid growth potential of the Company, in our view. Fiscal year-end cash was $193.9 million and adjusted working capital was $207 million …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – Comtech Confirms Receipt of Unsolicited Proposal


Comtech Confirms Receipt of Unsolicited Proposal

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Nov. 1, 2021– 
November 1, 2021 
Comtech Telecommunications Corp. (NASDAQ: CMTL) today confirmed receipt of an unsolicited, non-binding proposal from 
Acacia Research Corporation (NASDAQ: ACTG).

Comtech’s Board of Directors is evaluating the proposal in consultation with independent advisors. The Board will determine the course of action that it believes is in the best interests of the Company and its stockholders. No stockholder action is required at this time.

Goldman Sachs is serving as exclusive financial advisor to 
Comtech and 
Proskauer Rose and 
Sidley Austin are serving as legal advisors.

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties, including about our business trajectory, future revenue and sales, acquisition strategy, and growth. Actual results could differ materially from such forward-looking information. Risks and uncertainties that could impact these forward-looking statements include: the possibility that the expected synergies and benefits from recent acquisitions will not be fully realized, or will not be realized within the anticipated time periods; the risk that the acquired businesses will not be integrated with the Company successfully; the possibility of disruption from recent acquisitions, making it more difficult to maintain business and operational relationships or retain key personnel; the risk that the Company will be unsuccessful in implementing a tactical shift in its Government Solutions segment away from bidding on large commodity service contracts and toward pursuing contracts for its niche products with higher margins; the nature and timing of receipt of, and the Company’s performance on, new or existing orders that can cause significant fluctuations in net sales and operating results; the timing and funding of government contracts; adjustments to gross profits on long-term contracts; risks associated with international sales; rapid technological change; evolving industry standards; new product announcements and enhancements; changing customer demands and or procurement strategies; changes in prevailing economic and political conditions; changes in the price of oil in global markets; changes in foreign currency exchange rates; risks associated with the Company’s legal proceedings, customer claims for indemnification, and other similar matters; risks associated with the Company’s obligations under its Credit Facility; risks associated with the Company’s large contracts; risks associated with the COVID-19 pandemic and related supply chain disruptions; and other factors described in this and the Company’s other filings with the 
Securities and Exchange Commission. We assume no obligation and do not intend to update these forward-looking statements or to conform these statements to actual results or to changes in our expectations.

Additional Information and Where to Find It

In connection with the Company’s Fiscal 2021 Annual Meeting of Stockholders (the “2021 Annual Meeting”), the Company plans to file with the 
Securities and Exchange Commission (“SEC”) and mail to the Company’s stockholders a definitive proxy statement, an accompanying BLUE proxy card and other relevant documents. The Company filed a preliminary proxy statement with the 
SEC on 
October 29, 2021. BEFORE MAKING ANY VOTING DECISION, THE COMPANY’S STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT IN ITS ENTIRETY WHEN IT BECOMES AVAILABLE, THE ACCOMPANYING BLUE PROXY CARD AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE COMPANY’S 2021 ANNUAL MEETING OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY’S 2021 ANNUAL MEETING AND THE PARTIES RELATED THERETO. The Company’s stockholders will be able to obtain a free copy of documents filed with the 
SEC at the SEC’s website at https://www.sec.gov or the Company’s website at https://www.comtechtel.com.

Participants in the Solicitation

The Company, its directors, and certain of its executive officers are, and certain other members of management and employees of the Company may be deemed, “participants” in the solicitation of proxies from stockholders in connection with the matters to be considered at the 2021 Annual Meeting. Information regarding the direct and indirect interests, by security holdings or otherwise, in the Company of the persons who are or may be, under the rules of the 
SEC, considered participants in the solicitation of the stockholders of the Company in connection with the Company’s 2021 Annual Meeting will be set forth in the Company’s proxy statement and other relevant documents to be filed with the 
SEC. You can find information about the Company’s executive officers and directors in the Company’s Annual Report on Form 10-K for the fiscal year ended 
July 31, 2021, the Company’s and such persons’ other filings with the 
SEC and in the Company’s definitive proxy statement in connection with the Company’s 2021 Annual Meeting when filed with the 
SEC.

Media Contact
Kekst CNC
Nicholas.Capuano@kekstcnc.com
(212) 521-4800

Investor Contact
Comtech Investor Relations
Investors@comtech.com
(631) 962-7005

Source: 
Comtech Telecommunications Corp.

Why the Metaverse Matters


Image Credit: Laura Bang! (Flickr)

What is the Metaverse?

 

Two Media and Information Experts Explain

The metaverse is a network of always-on virtual environments in which many people can interact with one another and digital objects while operating virtual representations – or avatars – of themselves. Think of a combination of immersive virtual reality, a massively multiplayer online role-playing game and the web.

The metaverse is a concept from science fiction that many people in the technology industry envision as the successor to today’s internet. It’s only a vision at this point, but technology companies like Facebook are aiming to make it the setting for many online activities, including work, play, studying and shopping. Facebook is so sold on the concept that it is renaming itself Meta to highlight its push to dominate the metaverse.

 

This article was republished with permission from The Conversation, a news site dedicated to sharing ideas from academic experts. It was written by and represents the research-based opinions of Rabindra Ratan, Associate Professor of Media and Information, Michigan State University and Yiming Lei, Doctoral student in Media and Information, Michigan State University.

 

Metaverse is a portmanteau of meta, meaning transcendent, and verse, from universe. Sci-fi novelist Neal Stephenson coined the term in his 1992 novel “Snow Crash” to describe the virtual world in which the protagonist, Hiro Protagonist, socializes, shops and vanquishes real-world enemies through his avatar. The concept predates “Snow Crash” and was popularized as “cyberspace” in William Gibson’s groundbreaking 1984 novel “Neuromancer.”

There are three key aspects of the metaverse: presence, interoperability and standardization.

Presence is the feeling of actually being in a virtual space, with virtual others. Decades of research have shown that this sense of embodiment improves the quality of online interactions. This sense of presence is achieved through virtual reality technologies such as head-mounted displays.

Interoperability means being able to seamlessly travel between virtual spaces with the same virtual assets, such as avatars and digital items. ReadyPlayerMe allows people to create an avatar that they can use in hundreds of different virtual worlds, including in Zoom meetings through apps like Animaze. Meanwhile, blockchain technologies such as cryptocurrencies and nonfungible tokens facilitate the transfer of digital goods across virtual borders.

Standardization is what enables interoperability of platforms and services across the metaverse. As with all mass-media technologies – from the printing press to texting – common technological standards are essential for widespread adoption. International organizations such as the Open Metaverse Interoperability Group define these standards.

 

Why the Metaverse
Matters

If the metaverse does become the successor to the internet, who builds it, and how, is extremely important to the future of the economy and society as a whole. Facebook is aiming to play a leading role in shaping the metaverse, in part by investing heavily in virtual reality. Facebook CEO Mark Zuckerberg explained in an interview his view that the metaverse spans nonimmersive platforms like today’s social media as well as immersive 3D media technologies such as virtual reality, and that it will be for work as well as play.

 

Hollywood has embraced the metaverse in movies like ‘Ready Player One.’

The metaverse might one day resemble the flashy fictional Oasis of Ernest Cline’s “Ready Player One,” but until then you can turn to games like Fortnite and Roblox, virtual reality social media platforms like VRChat and AltspaceVR, and virtual work environments like Immersed for a taste of the immersive and connected metaverse experience. As these siloed spaces converge and become increasingly interoperable, watch for a truly singular metaverse to emerge.

 

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Comtech Confirms Receipt of Unsolicited Proposal


Comtech Confirms Receipt of Unsolicited Proposal

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Nov. 1, 2021– 
November 1, 2021 
Comtech Telecommunications Corp. (NASDAQ: CMTL) today confirmed receipt of an unsolicited, non-binding proposal from 
Acacia Research Corporation (NASDAQ: ACTG).

Comtech’s Board of Directors is evaluating the proposal in consultation with independent advisors. The Board will determine the course of action that it believes is in the best interests of the Company and its stockholders. No stockholder action is required at this time.

Goldman Sachs is serving as exclusive financial advisor to 
Comtech and 
Proskauer Rose and 
Sidley Austin are serving as legal advisors.

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties, including about our business trajectory, future revenue and sales, acquisition strategy, and growth. Actual results could differ materially from such forward-looking information. Risks and uncertainties that could impact these forward-looking statements include: the possibility that the expected synergies and benefits from recent acquisitions will not be fully realized, or will not be realized within the anticipated time periods; the risk that the acquired businesses will not be integrated with the Company successfully; the possibility of disruption from recent acquisitions, making it more difficult to maintain business and operational relationships or retain key personnel; the risk that the Company will be unsuccessful in implementing a tactical shift in its Government Solutions segment away from bidding on large commodity service contracts and toward pursuing contracts for its niche products with higher margins; the nature and timing of receipt of, and the Company’s performance on, new or existing orders that can cause significant fluctuations in net sales and operating results; the timing and funding of government contracts; adjustments to gross profits on long-term contracts; risks associated with international sales; rapid technological change; evolving industry standards; new product announcements and enhancements; changing customer demands and or procurement strategies; changes in prevailing economic and political conditions; changes in the price of oil in global markets; changes in foreign currency exchange rates; risks associated with the Company’s legal proceedings, customer claims for indemnification, and other similar matters; risks associated with the Company’s obligations under its Credit Facility; risks associated with the Company’s large contracts; risks associated with the COVID-19 pandemic and related supply chain disruptions; and other factors described in this and the Company’s other filings with the 
Securities and Exchange Commission. We assume no obligation and do not intend to update these forward-looking statements or to conform these statements to actual results or to changes in our expectations.

Additional Information and Where to Find It

In connection with the Company’s Fiscal 2021 Annual Meeting of Stockholders (the “2021 Annual Meeting”), the Company plans to file with the 
Securities and Exchange Commission (“SEC”) and mail to the Company’s stockholders a definitive proxy statement, an accompanying BLUE proxy card and other relevant documents. The Company filed a preliminary proxy statement with the 
SEC on 
October 29, 2021. BEFORE MAKING ANY VOTING DECISION, THE COMPANY’S STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT IN ITS ENTIRETY WHEN IT BECOMES AVAILABLE, THE ACCOMPANYING BLUE PROXY CARD AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE COMPANY’S 2021 ANNUAL MEETING OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY’S 2021 ANNUAL MEETING AND THE PARTIES RELATED THERETO. The Company’s stockholders will be able to obtain a free copy of documents filed with the 
SEC at the SEC’s website at https://www.sec.gov or the Company’s website at https://www.comtechtel.com.

Participants in the Solicitation

The Company, its directors, and certain of its executive officers are, and certain other members of management and employees of the Company may be deemed, “participants” in the solicitation of proxies from stockholders in connection with the matters to be considered at the 2021 Annual Meeting. Information regarding the direct and indirect interests, by security holdings or otherwise, in the Company of the persons who are or may be, under the rules of the 
SEC, considered participants in the solicitation of the stockholders of the Company in connection with the Company’s 2021 Annual Meeting will be set forth in the Company’s proxy statement and other relevant documents to be filed with the 
SEC. You can find information about the Company’s executive officers and directors in the Company’s Annual Report on Form 10-K for the fiscal year ended 
July 31, 2021, the Company’s and such persons’ other filings with the 
SEC and in the Company’s definitive proxy statement in connection with the Company’s 2021 Annual Meeting when filed with the 
SEC.

Media Contact
Kekst CNC
Nicholas.Capuano@kekstcnc.com
(212) 521-4800

Investor Contact
Comtech Investor Relations
Investors@comtech.com
(631) 962-7005

Source: 
Comtech Telecommunications Corp.

Voyager Digital (VYGVF)(VOYG:CA) – Strategic Investment from Alameda Research

Friday, October 29, 2021

Voyager Digital (VYGVF)(VOYG:CA)
Strategic Investment from Alameda Research

Voyager Digital Ltd through its subsidiary, operates as a crypto asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. The company offers investors execution, data, wallet and custody services through its institutional-grade open architecture platform.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Strategic Alliance. Yesterday, Voyager announced a strategic alliance with Alameda Research, one of the largest crypto market makers in the world. Alameda purchased $75 million of VGYVF common shares in a private placement of about 7.7 million shares. The additional investment will enable Voyager to continue to grow its business, in our view.

    Why Important? Outside of the additional capital, the Alameda investment is a coup for Voyager, in our view.  Alameda was founded by Sam Bankman-Fried, the crypto wunderkind, with a net worth estimated at north of $22 billion. Immediate opportunity exists on the order flow and asset management front, with longer term potential in such markets as NFTs and crypto derivatives. Alameda trades over …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – Voyager Digital Reports Revenue of US$175 Million for Fiscal 2021 and Provides Business Update

 


Voyager Digital Reports Revenue of US$175 Million for Fiscal 2021 and Provides Business Update

 

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 it has filed its full-year consolidated financials for the fiscal year ended June 30, 2021 and is pleased to provide shareholders with a business and operational update.
 
“Fiscal 2021 was a breakout year for Voyager, positioning our platform to be a leading player in the digital asset arena as crypto and related blockchain technologies are increasingly embraced by the mainstream,” said Steve Ehrlich, Voyager’s CEO and Co-founder. “Voyager continues to deliver noteworthy performance through verified user and funded account growth punctuated by providing users with a transparent, safe, secure and trusted personal cryptocurrency platform. We continued to see significant net new funded accounts and net new asset inflows on the platform and as we add more product extensions, we believe the ability to leverage our growing user base will accelerate our revenue growth and provide diversification to our revenue mix.”
 
Fiscal Year 2021 Financial and Business Milestones:
All figures are in U.S. dollars unless otherwise noted.

  • Total revenue increased to $175 million, from $1 million in FY20
  • Operating Income of $56 million, compared to an Operating Loss of $11 million in FY20
  • Total Verified Users grew to 1.75 million, up from 86,000 at June 30, 2020
  • Total Funded Accounts grew to 665,000 from 23,000 at June 30, 2020
  • Total Assets Under Management grew to $2.6 billion from $35 million at June 30, 2020
  • Added to our leadership team in key areas
  • Increased our headcount to 141 at June 30, 2021, from 36 at June 30, 2020
  • Invested in and developed a strategic partnership with Blockdaemon to deliver enhanced staking capabilities

 
“We are seeing industry volumes rebound off extreme midsummer weakness, and are excited about the prospects ahead,” continued Ehrlich. “As we started to see lower than expected volumes in the summer months, we turned our attention to enhancing our rewards programs as a customer acquisition and retention tool. In the September quarter, we started focusing on account acquisition as our key performance metric.  Voyager remains dedicated to growth in funded accounts and deposits and you can expect we will be more aggressive with both our marketing spend as well as our rewards offerings to accelerate growth. As we diversify our revenue streams to enhance the long-term value of each customer and expand our market opportunity internationally, we believe the best is yet to come for the Voyager platform.”
 
Voyager will be announcing the results of its first quarter ending September 30th on or about November 15th, and will provide further commentary on its second quarter ending December 31st based on current trends and a very robust October which validates its strategy of total focus on account and deposit growth.
 
For more detailed information, the Company encourages investors to read its audited financial statements and related Management Discussion & Analysis (“MD&A”) for the three and twelve months ended June 30, 2021, which were filed with SEDAR yesterday.
 
The Company also wishes to provide an update on the US$75 million Private Placement of common shares with Alameda Research announced on October 28, 2021. The Company is issuing a total of 7,723,996 common shares to Alameda Research at a price of US$9.71 per common shares. The newly issued shares are subject to a statutory hold period of 4 months and one day from the date of closing and are subject to a lock-up agreement of one year from the closing date.
 
The TSX has not approved or disapproved of the information contained herein. The Private Placement with Alameda Research is subject to the satisfaction of certain customary closing conditions, including the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange.
 
Conference Call Details
Voyager will discuss its fiscal 2021 results today, October 29, 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 60 different crypto assets, with zero commissions, using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.
 
Forward Looking Statements
Certain information in this press release, including, but not limited to, statements regarding future growth and performance of the business, momentum in the businesses, future adoption of digital assets, and the Company‘s anticipated results may constitute forward looking information (collectively, forward-looking statements), which can be identified by the use of terms such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” (or the negatives) or other similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Voyager’s actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Forward looking statements are subject to the risk that the global economy, industry, or the Company’s businesses and investments do not perform as anticipated, that revenue or expenses estimates may not be met or may be materially less or more than those anticipated, that trading momentum does not continue or the demand for trading solutions declines, customer acquisition does not increase as planned, product and international expansion do not occur as planned, risks of compliance with laws and regulations that currently apply or become applicable to the business and those other risks contained in the Company’s public filings, including in its Management Discussion and Analysis and its Annual Information Form (AIF). Factors that could cause actual results of the Company and its businesses to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the digital asset market or general economic conditions; changes in laws or approaches to regulation, the failure or delay in the adoption of digital assets and the blockchain ecosystem by institutions; changes in the volatility of crypto currency, changes in demand for Bitcoin and Ethereum, changes in the status or classification of cryptocurrency assets, cybersecurity breaches, a delay or failure in developing infrastructure for the trading businesses or achieving mandates and gaining traction; failure to grow assets under management, an adverse development with respect to an issuer or party to the transaction or failure to obtain a required regulatory approval. In connection with the forward-looking statements contained in this press release, the Company has made assumptions that no significant events occur outside of the Company’s normal course of business and that current trends in respect of digital assets continue. Readers are cautioned that Assets Under Management and trading volumes fluctuate and may increase and decrease from time to time and that such fluctuations are beyond the Company’s control. Forward-looking statements, past and present performance and trends are not guarantees of future performance, accordingly, you should not put undue reliance on forward-looking statements, current or past performance, or current or past trends. Information identifying assumptions, risks, and uncertainties relating to the Company are contained in its filings with the Canadian securities regulators available at www.sedar.com. The forward-looking statements in this press release are applicable only as of the date of this release or as of the date specified in the relevant forward-looking statement and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events. The Company assumes no obligation to provide operational updates, except as required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law.Readers are cautioned that past performance is not indicative of future performance and current trends in the business and demand for digital assets may not continue and readers should not put undue reliance on past performance and current trends.  Refer to definition of certain Non-IFRS terms in Management’s Discussion and Analysis including Assets Under Management, Adjusted EBITDA and Adjusted Working Capital. All figures are in U.S. dollars unless otherwise noted.

The TSX has not approved or disapproved of the information contained herein.

Voyager Digital Ltd.
Consolidated Statements of Financial Position
(USD, in thousands)



June 30, 2021


June 30, 2020

Assets





Current assets





Cash and cash equivalents


$

193,933


$

3,629

Cash held for customers


162,852


1,495

Crypto assets held


2,286,399


13,107

Crypto assets loaned


393,561


19,104

Investments


31,359


Other current assets


5,839


519

Total current assets


3,073,943


37,854

Intangible assets


559


757

Other non-current assets


2,860


160

Total assets


$

3,077,362


$

38,771

Liabilities





Current liabilities





Crypto assets and fiat payable to customers


$

2,807,015


$

33,616

Crypto assets borrowed


36,832


Warrant liability


23,810


2,197

Other current liabilities


22,644


1,792

Total current liabilities


2,890,301


37,605

Other non-current liabilities


739


615

Total liabilities


2,891,040


38,220

Equity





Share capital


265,704


37,708

Share-based payments reserve


15,125


2,913

Warrant reserve


3,457


2,610

Treasury shares


(3,796)


Retained deficit


(94,168)


(42,680)

Total equity


186,322


551

Total liabilities and equity


$

3,077,362


$

38,771

Voyager Digital Ltd.
Consolidated Statements of Loss
(USD, in thousands except for shares data)




Year Ended June 30,




2021


2020

Revenues






Transaction revenue



$

154,047


$

859

Fees from crypto assets loaned



21,009


291

Total revenues



175,056


1,150

Expenses






Rewards paid to customers



47,102


242

Marketing and sales



23,609


275

Share-based payments



12,864


1,399

Compensation and employee benefits



7,917


3,250

Total compensation and employee benefits



20,781


4,649

Trade expenses



7,985


346

Customer onboarding and service



7,390


196

Professional and consulting



4,495


1,332

General and administrative



7,847


5,295

Total expenses



119,209


12,335

Income (loss) before other income (loss)



55,847


(11,185)

Other income (loss)






Change in fair value of crypto assets held



(318)


(476)

Change in fair value of investments



8,289


Change in fair value of crypto assets borrowed



(11,809)


Change in fair value of warrant liability



(89,827)


1,419

Fees on crypto assets borrowed



(2,528)


Loss on issuance of warrants




(1,157)

Gain on acquisitions, net




1,229

Total other income (loss)



(96,193)


1,015

Net loss before provision for income tax



(40,346)


(10,170)

Provision for incomes tax



11,142


Net loss



$

(51,488)


$

(10,170)







Basic and diluted net loss per share



$

(0.39)


$

(0.13)

Basic and diluted weighted average number of common shares outstanding



131,588,580


79,356,838



SOURCE Voyager Digital, Ltd.


Press Contacts

 
Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

Voyager Digital Reports Revenue of US$175 Million for Fiscal 2021 and Provides Business Update

 


Voyager Digital Reports Revenue of US$175 Million for Fiscal 2021 and Provides Business Update

 

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 it has filed its full-year consolidated financials for the fiscal year ended June 30, 2021 and is pleased to provide shareholders with a business and operational update.
 
“Fiscal 2021 was a breakout year for Voyager, positioning our platform to be a leading player in the digital asset arena as crypto and related blockchain technologies are increasingly embraced by the mainstream,” said Steve Ehrlich, Voyager’s CEO and Co-founder. “Voyager continues to deliver noteworthy performance through verified user and funded account growth punctuated by providing users with a transparent, safe, secure and trusted personal cryptocurrency platform. We continued to see significant net new funded accounts and net new asset inflows on the platform and as we add more product extensions, we believe the ability to leverage our growing user base will accelerate our revenue growth and provide diversification to our revenue mix.”
 
Fiscal Year 2021 Financial and Business Milestones:
All figures are in U.S. dollars unless otherwise noted.

  • Total revenue increased to $175 million, from $1 million in FY20
  • Operating Income of $56 million, compared to an Operating Loss of $11 million in FY20
  • Total Verified Users grew to 1.75 million, up from 86,000 at June 30, 2020
  • Total Funded Accounts grew to 665,000 from 23,000 at June 30, 2020
  • Total Assets Under Management grew to $2.6 billion from $35 million at June 30, 2020
  • Added to our leadership team in key areas
  • Increased our headcount to 141 at June 30, 2021, from 36 at June 30, 2020
  • Invested in and developed a strategic partnership with Blockdaemon to deliver enhanced staking capabilities

 
“We are seeing industry volumes rebound off extreme midsummer weakness, and are excited about the prospects ahead,” continued Ehrlich. “As we started to see lower than expected volumes in the summer months, we turned our attention to enhancing our rewards programs as a customer acquisition and retention tool. In the September quarter, we started focusing on account acquisition as our key performance metric.  Voyager remains dedicated to growth in funded accounts and deposits and you can expect we will be more aggressive with both our marketing spend as well as our rewards offerings to accelerate growth. As we diversify our revenue streams to enhance the long-term value of each customer and expand our market opportunity internationally, we believe the best is yet to come for the Voyager platform.”
 
Voyager will be announcing the results of its first quarter ending September 30th on or about November 15th, and will provide further commentary on its second quarter ending December 31st based on current trends and a very robust October which validates its strategy of total focus on account and deposit growth.
 
For more detailed information, the Company encourages investors to read its audited financial statements and related Management Discussion & Analysis (“MD&A”) for the three and twelve months ended June 30, 2021, which were filed with SEDAR yesterday.
 
The Company also wishes to provide an update on the US$75 million Private Placement of common shares with Alameda Research announced on October 28, 2021. The Company is issuing a total of 7,723,996 common shares to Alameda Research at a price of US$9.71 per common shares. The newly issued shares are subject to a statutory hold period of 4 months and one day from the date of closing and are subject to a lock-up agreement of one year from the closing date.
 
The TSX has not approved or disapproved of the information contained herein. The Private Placement with Alameda Research is subject to the satisfaction of certain customary closing conditions, including the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange.
 
Conference Call Details
Voyager will discuss its fiscal 2021 results today, October 29, 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 60 different crypto assets, with zero commissions, using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.
 
Forward Looking Statements
Certain information in this press release, including, but not limited to, statements regarding future growth and performance of the business, momentum in the businesses, future adoption of digital assets, and the Company‘s anticipated results may constitute forward looking information (collectively, forward-looking statements), which can be identified by the use of terms such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” (or the negatives) or other similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Voyager’s actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Forward looking statements are subject to the risk that the global economy, industry, or the Company’s businesses and investments do not perform as anticipated, that revenue or expenses estimates may not be met or may be materially less or more than those anticipated, that trading momentum does not continue or the demand for trading solutions declines, customer acquisition does not increase as planned, product and international expansion do not occur as planned, risks of compliance with laws and regulations that currently apply or become applicable to the business and those other risks contained in the Company’s public filings, including in its Management Discussion and Analysis and its Annual Information Form (AIF). Factors that could cause actual results of the Company and its businesses to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the digital asset market or general economic conditions; changes in laws or approaches to regulation, the failure or delay in the adoption of digital assets and the blockchain ecosystem by institutions; changes in the volatility of crypto currency, changes in demand for Bitcoin and Ethereum, changes in the status or classification of cryptocurrency assets, cybersecurity breaches, a delay or failure in developing infrastructure for the trading businesses or achieving mandates and gaining traction; failure to grow assets under management, an adverse development with respect to an issuer or party to the transaction or failure to obtain a required regulatory approval. In connection with the forward-looking statements contained in this press release, the Company has made assumptions that no significant events occur outside of the Company’s normal course of business and that current trends in respect of digital assets continue. Readers are cautioned that Assets Under Management and trading volumes fluctuate and may increase and decrease from time to time and that such fluctuations are beyond the Company’s control. Forward-looking statements, past and present performance and trends are not guarantees of future performance, accordingly, you should not put undue reliance on forward-looking statements, current or past performance, or current or past trends. Information identifying assumptions, risks, and uncertainties relating to the Company are contained in its filings with the Canadian securities regulators available at www.sedar.com. The forward-looking statements in this press release are applicable only as of the date of this release or as of the date specified in the relevant forward-looking statement and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events. The Company assumes no obligation to provide operational updates, except as required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law.Readers are cautioned that past performance is not indicative of future performance and current trends in the business and demand for digital assets may not continue and readers should not put undue reliance on past performance and current trends.  Refer to definition of certain Non-IFRS terms in Management’s Discussion and Analysis including Assets Under Management, Adjusted EBITDA and Adjusted Working Capital. All figures are in U.S. dollars unless otherwise noted.

The TSX has not approved or disapproved of the information contained herein.

Voyager Digital Ltd.
Consolidated Statements of Financial Position
(USD, in thousands)



June 30, 2021


June 30, 2020

Assets





Current assets





Cash and cash equivalents


$

193,933


$

3,629

Cash held for customers


162,852


1,495

Crypto assets held


2,286,399


13,107

Crypto assets loaned


393,561


19,104

Investments


31,359


Other current assets


5,839


519

Total current assets


3,073,943


37,854

Intangible assets


559


757

Other non-current assets


2,860


160

Total assets


$

3,077,362


$

38,771

Liabilities





Current liabilities





Crypto assets and fiat payable to customers


$

2,807,015


$

33,616

Crypto assets borrowed


36,832


Warrant liability


23,810


2,197

Other current liabilities


22,644


1,792

Total current liabilities


2,890,301


37,605

Other non-current liabilities


739


615

Total liabilities


2,891,040


38,220

Equity





Share capital


265,704


37,708

Share-based payments reserve


15,125


2,913

Warrant reserve


3,457


2,610

Treasury shares


(3,796)


Retained deficit


(94,168)


(42,680)

Total equity


186,322


551

Total liabilities and equity


$

3,077,362


$

38,771

Voyager Digital Ltd.
Consolidated Statements of Loss
(USD, in thousands except for shares data)




Year Ended June 30,




2021


2020

Revenues






Transaction revenue



$

154,047


$

859

Fees from crypto assets loaned



21,009


291

Total revenues



175,056


1,150

Expenses






Rewards paid to customers



47,102


242

Marketing and sales



23,609


275

Share-based payments



12,864


1,399

Compensation and employee benefits



7,917


3,250

Total compensation and employee benefits



20,781


4,649

Trade expenses



7,985


346

Customer onboarding and service



7,390


196

Professional and consulting



4,495


1,332

General and administrative



7,847


5,295

Total expenses



119,209


12,335

Income (loss) before other income (loss)



55,847


(11,185)

Other income (loss)






Change in fair value of crypto assets held



(318)


(476)

Change in fair value of investments



8,289


Change in fair value of crypto assets borrowed



(11,809)


Change in fair value of warrant liability



(89,827)


1,419

Fees on crypto assets borrowed



(2,528)


Loss on issuance of warrants




(1,157)

Gain on acquisitions, net




1,229

Total other income (loss)



(96,193)


1,015

Net loss before provision for income tax



(40,346)


(10,170)

Provision for incomes tax



11,142


Net loss



$

(51,488)


$

(10,170)







Basic and diluted net loss per share



$

(0.39)


$

(0.13)

Basic and diluted weighted average number of common shares outstanding



131,588,580


79,356,838



SOURCE Voyager Digital, Ltd.


Press Contacts

 
Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

Release – Voyager Digital Secures $75 Million Strategic Investment from Alameda Research

 


Voyager Digital Secures $75 Million Strategic Investment from Alameda Research

 

Strategic partnership will focus on execution, asset management, and broader crypto initiatives

NEW YORKOct. 28, 2021 /PRNewswire/ – 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 a $75 million investment from Alameda Research (“Alameda”).

“We are excited to enter into a strategic alliance with Alameda, a clear pioneer in the crypto industry,” said Steve Ehrlich, CEO and Co-founder of Voyager. “Alameda is one of the largest crypto market makers in the world, and we believe there are significant opportunities in working together. While the immediate opportunity is on the order flow and asset management front, we are tremendously excited about potential future synergistic opportunities in the continuously evolving crypto industry. These opportunities include NFTs and crypto derivatives through Alameda, as well as the creation of thought leadership as we work with lawmakers on shaping regulation.”

“We are thrilled to be partnering with Voyager as they have emerged as a key player in the retail crypto market,” commented Caroline Ellison, Co-CEO of Alameda. “As a public company, we have admired Voyager’s transparency in the industry and believe the management team has laid the groundwork to succeed at scale as evidenced by their explosive growth this past year. Through our strategic partnership, we believe there are endless mutually beneficial opportunities to grow both our businesses.”

Alameda Research trades over $5 billion per day across thousands of products including all major coins and altcoins, as well as their derivatives. Alameda has a full-scale global operation with the ability to trade on all major exchanges and markets. Alameda’s market making abilities and sophisticated market neutral algorithms are a perfect fit to be a core lending partner of Voyager and will allow Voyager to further expand the breadth of its rewards program.

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 60 different crypto assets using its easy-to-use mobile application and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

The TSX has not approved or disapproved of the information contained herein. The Transaction is subject to the satisfaction of certain customary closing conditions, including the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange.

Cautionary Statement Regarding Forward-Looking Information

This news release contains “forward-looking statements” that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “seek”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors may include, but are not limited to, those risk factors outlined in the Company’s Management Discussion and Analysis as filed on SEDAR. The Company can give no assurances the partnership will advance beyond this original investment. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Press Contacts:

Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

SOURCE Voyager Digital (Canada) Ltd.

Voyager Digital Secures $75 Million Strategic Investment from Alameda Research

 


Voyager Digital Secures $75 Million Strategic Investment from Alameda Research

 

Strategic partnership will focus on execution, asset management, and broader crypto initiatives

NEW YORKOct. 28, 2021 /PRNewswire/ – 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 a $75 million investment from Alameda Research (“Alameda”).

“We are excited to enter into a strategic alliance with Alameda, a clear pioneer in the crypto industry,” said Steve Ehrlich, CEO and Co-founder of Voyager. “Alameda is one of the largest crypto market makers in the world, and we believe there are significant opportunities in working together. While the immediate opportunity is on the order flow and asset management front, we are tremendously excited about potential future synergistic opportunities in the continuously evolving crypto industry. These opportunities include NFTs and crypto derivatives through Alameda, as well as the creation of thought leadership as we work with lawmakers on shaping regulation.”

“We are thrilled to be partnering with Voyager as they have emerged as a key player in the retail crypto market,” commented Caroline Ellison, Co-CEO of Alameda. “As a public company, we have admired Voyager’s transparency in the industry and believe the management team has laid the groundwork to succeed at scale as evidenced by their explosive growth this past year. Through our strategic partnership, we believe there are endless mutually beneficial opportunities to grow both our businesses.”

Alameda Research trades over $5 billion per day across thousands of products including all major coins and altcoins, as well as their derivatives. Alameda has a full-scale global operation with the ability to trade on all major exchanges and markets. Alameda’s market making abilities and sophisticated market neutral algorithms are a perfect fit to be a core lending partner of Voyager and will allow Voyager to further expand the breadth of its rewards program.

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 60 different crypto assets using its easy-to-use mobile application and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

The TSX has not approved or disapproved of the information contained herein. The Transaction is subject to the satisfaction of certain customary closing conditions, including the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange.

Cautionary Statement Regarding Forward-Looking Information

This news release contains “forward-looking statements” that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “seek”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors may include, but are not limited to, those risk factors outlined in the Company’s Management Discussion and Analysis as filed on SEDAR. The Company can give no assurances the partnership will advance beyond this original investment. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Press Contacts:

Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

SOURCE Voyager Digital (Canada) Ltd.

Release – Voyager Digital Becomes the Official Cryptocurrency Brokerage Partner of the Dallas Mavericks

 


Voyager Digital Becomes the Official Cryptocurrency Brokerage Partner of the Dallas Mavericks

 

 

Voyager is the first international partner of the Dallas Mavericks, joining forces to make crypto more accessible for all

NEW YORKOct. 27, 2021 /PRNewswire/ – 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, has entered into a five-year exclusive, integrated partnership with the Dallas Mavericks, becoming the team’s first cryptocurrency brokerage and international partner. A press conference will be hosted in Dallas today at 4:00 p.m. Central Time to discuss the partnership. To watch, please visit: https://www.mavs.com/voyager/.

Voyager and the Dallas Mavericks will work to make cryptocurrency more accessible through educational and community programs, global activations, and fan engagement promotions. The partnership also includes naming rights to the Mavs Gaming Hub, the official gaming and event venue for the Mavs NBA 2K League team, and will be announced at a later date.

This partnership makes Voyager the first international partner of the Dallas Mavericks, enabling both parties to reach a wider, global audience to raise brand awareness and drive cryptocurrency adoption around the world. In 2019, the NBA granted teams the ability to provide international sponsorship rights, outside the United States and Canada.

“The Mavs are proud to welcome Voyager to the Dallas Mavericks family,” said Mavs governor Mark Cuban. “Crypto assets and applications are changing how business and personal finance are done. We believe our partnership with Voyager will allow Mavs and NBA fans to learn more about Voyager and how they can earn more from Voyagers’ platform than from traditional financial applications.”

“We could not be more excited to partner with the Dallas Mavericks to make crypto more accessible for all,” said Steve Ehrlich, CEO and Co-founder of Voyager. “This partnership gives us the opportunity to educate people all over the world on ways to use crypto in their everyday lives. We want to help people learn alternate ways to grow their wealth to achieve true financial freedom and build intergenerational wealth through crypto. We found a great partner to do this with in the Mavs and their owner, Mark Cuban, who is already deeply involved in the space.”

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 60 different crypto assets using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

About The Dallas Mavericks
The Dallas Mavericks are a first-class global sports and entertainment organization providing memorable experiences for fans worldwide. The Mavs compete in the National Basketball Association as a member of the Western Conference and play at American Airlines Center under the direction of Coach Jason Kidd, General Manager Nico Harrison, CEO Cynt Marshall and Governor Mark Cuban. Since the inaugural season in 1980- 81, the Mavs have won four division titles, two conference championships and one NBA championship in 2011. In addition to on-court success, the Mavs are committed to making a difference in North Texas through community programs and the Mavs Foundation. For more information on Dallas Mavericks players, staff, stats and tickets, visit mavs.com.

The TSX has not approved or disapproved of the information contained herein.

Press Contacts

Voyager Digital Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

Dallas Mavericks
Erin Finegold White
SVP, Corporate Communications
(214) 415-9183
Erin.Finegold@dallasmavs.com

SOURCE Voyager Digital (Canada) Ltd.

Voyager Digital Becomes the Official Cryptocurrency Brokerage Partner of the Dallas Mavericks

 


Voyager Digital Becomes the Official Cryptocurrency Brokerage Partner of the Dallas Mavericks

 

 

Voyager is the first international partner of the Dallas Mavericks, joining forces to make crypto more accessible for all

NEW YORKOct. 27, 2021 /PRNewswire/ – 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, has entered into a five-year exclusive, integrated partnership with the Dallas Mavericks, becoming the team’s first cryptocurrency brokerage and international partner. A press conference will be hosted in Dallas today at 4:00 p.m. Central Time to discuss the partnership. To watch, please visit: https://www.mavs.com/voyager/.

Voyager and the Dallas Mavericks will work to make cryptocurrency more accessible through educational and community programs, global activations, and fan engagement promotions. The partnership also includes naming rights to the Mavs Gaming Hub, the official gaming and event venue for the Mavs NBA 2K League team, and will be announced at a later date.

This partnership makes Voyager the first international partner of the Dallas Mavericks, enabling both parties to reach a wider, global audience to raise brand awareness and drive cryptocurrency adoption around the world. In 2019, the NBA granted teams the ability to provide international sponsorship rights, outside the United States and Canada.

“The Mavs are proud to welcome Voyager to the Dallas Mavericks family,” said Mavs governor Mark Cuban. “Crypto assets and applications are changing how business and personal finance are done. We believe our partnership with Voyager will allow Mavs and NBA fans to learn more about Voyager and how they can earn more from Voyagers’ platform than from traditional financial applications.”

“We could not be more excited to partner with the Dallas Mavericks to make crypto more accessible for all,” said Steve Ehrlich, CEO and Co-founder of Voyager. “This partnership gives us the opportunity to educate people all over the world on ways to use crypto in their everyday lives. We want to help people learn alternate ways to grow their wealth to achieve true financial freedom and build intergenerational wealth through crypto. We found a great partner to do this with in the Mavs and their owner, Mark Cuban, who is already deeply involved in the space.”

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 60 different crypto assets using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

About The Dallas Mavericks
The Dallas Mavericks are a first-class global sports and entertainment organization providing memorable experiences for fans worldwide. The Mavs compete in the National Basketball Association as a member of the Western Conference and play at American Airlines Center under the direction of Coach Jason Kidd, General Manager Nico Harrison, CEO Cynt Marshall and Governor Mark Cuban. Since the inaugural season in 1980- 81, the Mavs have won four division titles, two conference championships and one NBA championship in 2011. In addition to on-court success, the Mavs are committed to making a difference in North Texas through community programs and the Mavs Foundation. For more information on Dallas Mavericks players, staff, stats and tickets, visit mavs.com.

The TSX has not approved or disapproved of the information contained herein.

Press Contacts

Voyager Digital Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

Dallas Mavericks
Erin Finegold White
SVP, Corporate Communications
(214) 415-9183
Erin.Finegold@dallasmavs.com

SOURCE Voyager Digital (Canada) Ltd.

Digerati Technologies (DTGI) – Scores A Decent Quarter

Wednesday, October 27, 2021

Digerati Technologies (DTGI)
Scores A Decent Quarter

Digerati Technologies, Inc. (OTCQB: DTGI) is a telecom and technology provider of diverse, carrier-grade, Only in the Cloud™ communication and network solutions including Unified Communication as a Service, cloud telephony, cloud WAN, cloud call center, cloud mobile, and delivery of digital oxygen on its fiber/mobile broadband network. Digerati has developed a robust integration platform to fuel mergers and acquisitions in a highly fragmented market as it delivers flexible, cost-effective services with enterprise-grade quality and reliability. A multi-year recipient of Deloitte’s Fast500 and Fast50 Awards for one of the fastest growing technology companies in North America, Digerati has become an expert at successfully merging and managing subsidiary operations since 2015. The Company’s impressive tech-stack serves 28,000 business users on its platform and its dynamic channel program includes over 300 channel partners that serve as a conduit for sales growth. Digerati has continuously increased customer adoption while serving diverse industries including Healthcare, Banking, Financial Services, Legal, Real Estate, and Construction. Digerati currently has a strong platform for growth throughout Texas and Florida, the 2nd and 4th largest state economies by GDP in the U.S. The Company’s clean and clear fundamentals, combined with its clearly defined growth plan, disciplined acquisition strategy and seasoned leadership team is expected to increase shareholder value as it enters the next phase of its corporate development plan. For more information, please visit www.digerati-inc.com.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    In line Q4. Total company revenues increased 141.7% to $3.787 million, in line with our $3.775 million estimate. Revenues benefited from the year earlier acquisitions of Nexogy and ActivePBX and the significant increase in customers from 728 to 2,655 at year end. Adj. EBITDA of $748,000 was above our $375,000 estimate. The Q4 result variances are highlighted in this report.

    Current focus, reduce expenses.  The company is taking measures to reduce cash expenses, which include stock compensation for members of management. In addition, the company is focused on increasing recurring revenue, predominately through the use of its value-added resellers and channel partners …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

New Uses for Smart Glasses


Image Credit: Riley Kaminer (flickr)

Can Facebook’s Smart Glasses be Smart About Security and Privacy?

Facebook’s global project, referred to as Ego4D is out researching new uses for so-called smart glasses.

In September, Facebook unveiled its Ray-Ban Stories glasses, which have two cameras and three microphones built-in. The glasses capture audio and video so wearers can record their experiences and interactions.

The research project aims to add augmented reality features to smart glasses using artificial intelligence technologies that could provide wearers with a wealth of information, including the ability to get answers to questions like “Where did I leave my keys?” Facebook’s vision also includes a future where the glasses can “know who’s saying what when and who’s paying attention to whom.”

Several other technology companies like Google, Microsoft, Snap, Vuzix and Lenovo have also been experimenting with versions of augmented or mixed reality glasses. Augmented reality glasses can display useful information within the lenses, providing an electronically enhanced view of the world. For example, smart glasses could draw a line over the road to show you the next turn or let you see a restaurant’s Yelp rating as you look at its sign.

However, some of the information that augmented reality glasses give their users could include identifying people in the glasses’ field of view and displaying personal information about them. It was not too long ago that Google introduced Google Glass, only to face a public backlash for simply recording people. Compared to being recorded by smartphones in public, being recorded by smart glasses feels to people like a greater invasion of privacy.

This article was republished with permission from  The
Conversation
, a news site dedicated to sharing ideas from academic experts. It represents the research-based findings and thoughts of 
Apu Kapadia, Professor of Computer Science, Indiana University

As a researcher who studies computer security and privacy, I believe it’s important for technology companies to proceed with caution and consider the security and privacy risks of augmented reality.

Smartphones vs. Smart Glasses

Even though people are now used to being photographed in public, they also expect the photographer typically to raise their smartphone to compose a photo. Augmented reality glasses fundamentally disrupt or violate this sense of normalcy. The public setting may be the same, but the sheer scale and approach of recording has changed.

A Pair of Sunglasses

Facebook’s Ray-Ban Stories glasses capture photos and video and play audio, but the company has much bigger plans for smart glasses, including AI that can interpret what the wearer is seeing. Courtesy Facebook

Such deviations from the norm have long been recognized by researchers as a violation of privacy. My group’s research has found that people in the neighborhood of nontraditional cameras want a more tangible sense of when their privacy is being compromised because they find it difficult to know whether they are being recorded.

Absent the typical physical gestures of taking a photo, people need better ways to convey whether a camera or microphone is recording people. Facebook has already been warned by the European Union that the LED indicating a pair of Ray-Ban Stories is recording is too small.

In the longer term, however, people might become accustomed to smart glasses as the new normal. Our research found that although young adults worry about others recording their embarrassing moments on smartphones, they have adjusted to the pervasive presence of cameras.

Smart Glasses as a Memory Aid

An important application of smart glasses is as a memory aid. If you could record or “lifelog” your entire day from a first-person point of view, you could simply rewind or scroll through the video at will. You could examine the video to see where you left your keys, or you could replay a conversion to recall a friend’s movie recommendation.

Our research studied volunteers who wore lifelogging cameras for several days. We uncovered several privacy concerns – this time, for the camera wearer. Considering who, or what algorithms, might have access to the camera footage, people may worry about the detailed portrait it paints of them.

Who you meet, what you eat, what you watch and what your living room really looks like without guests are all recorded. We found that people were especially concerned about the places being recorded, as well as their computer and phone screens, which formed a large fraction of their lifelogging history.

Popular media already has its take on what can go horribly wrong with such memory aids. “The Entire History of You” episode of the TV series “Black Mirror” shows how even the most casual arguments can lead to people digging through lifelogs for evidence of who said exactly what and when. In such a world, it is difficult to just move on. It’s a lesson in the importance of forgetting.

Psychologists have pointed to the importance of forgetting as a natural human coping mechanism to move past traumatic experiences. Maybe AI algorithms can be put to good use identifying digital memories to delete. For example, our research has devised AI-based algorithms to detect sensitive places like bathrooms and computer and phone screens, which were high on the worry list in our lifelogging study. Once detected, footage can be selectively deleted from a person’s digital memories.

 

 

X-ray Specs of the Digital Self?

However, smart glasses have the potential to do more than simply record video. It’s important to prepare for the possibility of a world in which smart glasses use facial recognition, analyze people’s expressions, look up and display personal information, and even record and analyze conversations. These applications raise important questions about privacy and security.

We studied the use of smart glasses by people with visual impairments. We found that these potential users were worried about the inaccuracy of artificial intelligence algorithms and their potential to misrepresent other people.

Even if accurate, they felt it was improper to infer someone’s weight or age. They also questioned whether it was ethical for such algorithms to guess someone’s gender or race. Researchers have also debated whether AI should be used to detect emotions, which can be expressed differently by people from difference cultures.

Augmenting Facebook’s View of the Future

I have only scratched the surface of the privacy and security considerations for augmented reality glasses. As Facebook charges ahead with augmented reality, I believe it’s critical that the company address these concerns.

I am heartened by the stellar list of privacy and security researchers Facebook is collaborating with to make sure its technology is worthy of the public’s trust, especially given the company’s recent track record.

But I can only hope that Facebook will tread carefully and ensure that their view of the future includes the concerns of these and other privacy and security researchers.

 

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