DeFi Technologies Q1 2023 Financials: Record Revenue and Operating Income

IconCNT16 May, 2024

cryptonews.jpg

DeFi Technologies Q1 2023 Financials: Record Revenue and Operating Income

DeFi Technologies Inc., the parent company of Swiss crypto ETP provider Valour, has announced its financial results for the first quarter of 2023, reporting record revenue and operating income. **Strong Financial Performance** DeFi Technologies reported revenue of CAD 13.4 million (approx. USD 9.83 million) for Q1 2023, a significant increase from the previous quarter. The company's operating income also reached a record high of CAD 5.3 million (USD 3.89 million). **Growing Assets Under Management** DeFi Technologies' assets under management (AUM) also saw a significant increase during the quarter, growing from CAD 558 million at the end of last year to approximately CAD 980 million in Q1 2023. This represents an increase of approximately 78.7% compared to the previous quarter. **Outlook** DeFi Technologies remains optimistic about the future and expects continued growth in the coming quarters. The company is well-positioned to benefit from the increasing adoption of digital assets and the growing demand for crypto ETPs. Previously on May 16, 2024, DeFi Technologies reported record revenue and operating income for Q1 2023, driven by strong growth in its assets under management.

Related News