EXOD lands on the NYSE with record performance
The company behind Exodusone of longest-lived multi-crypto walletsdebuted on the stock exchange yesterday New York Stock Exchange (NYSE). The listing follows the approval received by the company in May 2024.
The title EXOD closed the first day of trading with an impressive +37%reaching an all-time high of $$66 before stabilizing at around $52 dollars.
Founded in 2015, Exodus had already operated in the OTC markets with the same ticker. The listing represents a significant step for the company, which now ranks among the few crypto companies to be listed on US markets.
“Trading on NYSE American will allow Exodus to create greater long-term value for our shareholders by increasing our presence within the investment community and, in turn, increasing liquidity“ said the CEO and co-founder JP Richardson.
Financial growth and new collaborations
Exodus closed the third quarter of 2024 con $$20.1 million of revenues, against a net loss of approximately $$800,000. The company generates revenue primarily from services exchange, onboarding of FIAT currencies e staking.
“In the third quarter, we achieved both revenue growth and profitability year-over-year, which demonstrates the strength of our business model, as well as the growing market adoption of digital businesses,” said CFO James Gernetzke.
Recently, Exodus worked at new collaborations, including with the manufacturer of hardware wallet Ledger and the platform NFT Magic Eden. An operational strategy born with the aim of innovating, after being one of the market leaders since 2015.
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