Ryvyl Inc reports results for the quarter ended June 30 - Earnings Summary
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Ryvyl IncQ) reported a quarterly adjusted loss of 70 cents per share for the quarter ended June 30, compared to a loss of 59 cents per share in the same quarter last year. Revenue fell 76.6% to $2.78 million, significantly below the expected $17.10 million. The company reported a total loss of $8.41 million. Ryvyl shares dropped 66.1% this quarter and 77.8% year-to-date. Analysts maintain a "hold" rating with no revisions in earnings estimates over the last 30 days.
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