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WonderFi Provides Q1 2024 Financial Guidance, Expects Positive EBITDA of $5.5 to $6.5 Million for the Quarter (on Net Revenue of $18-18.75M)
Tuesday, April 9, 2024Company Profile | Follow Company
Vancouver, BC, April 8, 2024--(T-Net)--WonderFi Technologies Inc. (TSX: WNDR) has announced certain corporate updates and unaudited first quarter financial estimates for the period ended March 31, 2024.
All financial references are in Canadian dollars unless otherwise noted.
Q1 Financial Guidance:
Q1 Corporate Updates:
Dean Skurka, President and Chief Executive Officer, WonderFi
"WonderFi continues to create exceptional value for shareholders through ongoing growth initiatives and operational efficiencies. The Company's ability to successfully integrate five leading businesses through consolidation and streamlining of operations, allowed us to execute our plan amid an improved backdrop for digital assets during the first quarter. In less than a year following our transformational merger, we have been able to see the results of our vision to combine prominent digital assets businesses into a market leader in the digital asset industry," commented Dean Skurka, President and Chief Executive Officer of WonderFi.
"Achieving positive non-adjusted EBITDA during the previous two quarters marks a pivotal milestone for WonderFi and a reflection of the efforts of the entire WonderFi team to continue generating growth and profitability for shareholders. For Q1 2024, WonderFi achieved another quarter of increased total revenue and finance income, further reflecting the strength of our business and operating platforms," added Mr. Skurka.
?About WonderFi
?WonderFi owns and operates leading digital asset businesses in Canada. WonderFi is the holding company for Bitbuy and Coinsquare, two of Canada's largest crypto trading platforms and SmartPay, a crypto payments processing platform.With a collective user base of over 1.6 million registered Canadians and a combined assets under custody exceeding $1 billion, WonderFi serves one of the largest crypto investor communities in Canada.
Forward-Looking Information and Statements This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. [ MORE ] |
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