RYVYL, INC.
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Market Data: Yahoo Finance, Bloomberg, SEC
Report Link: Updated Research Report (Dated August 29, 2022)
Symbol: RVYL
Analyst: Howard Halpern
Taglich Rating: Speculative Buy
Price Target: $2.50
Time Horizon: 12 Months
Rating Established: December 16, 2021
Price When Established: $4.96
Most Recent Report: August 29, 2022
Price When Issued: $1.14
What’s New
On November 21, 2022, RYVYL Inc. (RYVL), reported 3Q22 results for the three-months ended September 30, 2022.
In 3Q22, RYVL reported a net loss of $15.2 million or ($0.32) per share, on a 32.1% revenue increase to $10.6 million from $8 million in 3Q21. In 3Q21, the company reported a net loss of $6 million or ($0.14) per share. In the current period, excluding a $9.8 million negative change in fair value of derivative liability and derecognition (removal of) expense on conversion of convertible debt, the net loss was approximately $5.4 million or (0.11) per share.
Taglich Brothers estimated 3Q22 revenue of $10 million and net loss of $12 million or ($0.27) per share.
Company Description
Ryvyl, Inc., headquartered in San Diego, California, is a financial technology (fintech) company that aims to leverage its proprietary secure blockchain (a distributed digital encrypted ledger) based payment processing ecosystem to create customized payment solutions for its global customer base. The company’s technology solutions have been designed to enable its customers to have an end-to-end (closed loop) complete ecosystem that includes technologies that reduce fraud and improve the efficiency of handling large-scale commercial processing volumes for its customer base of global merchant clients.