Ryvyl Inc. - Common Stock (RVYL)

RYVYL (NASDAQRVYL), a leading innovator of payment-transaction solutions leveraging proprietary blockchain ledger and electronic-token technology for diverse international markets, will be presenting at this month’s LD Micro Main Event XVII. The event is slated for Oct. 28–30, 2024, in Los Angeles. According to the announcement, RYVYL chair and cofounder Ben Errez and CFO George Oliva will be presenting at 11 a.m. PT on Oct. 29. The two executives will also meet one-on-one with investors throughout the three-day event.

RYVYL (NASDAQRVYL) is a global financial payment processing technology company that has developed applications to provide an end-to-end suite of turnkey financial products with enhanced security, data privacy, identity theft protection, and rapid speed to settlement. Taglich Brothers Inc., a full-service broker dealer focused exclusively on microcap companies, today announced that it has initiated coverage of RYVYL. According to the announcement, the company has paid Taglich Brothers to create and disseminate research reports.

RYVYL (NASDAQRVYL), a leading innovator of payment transaction solutions, today announced that it will participate at the H.C. Wainwright 26th Annual Global Investment Conference. The event is set for September 9-11, 2024, at the Lotte New York Palace Hotel in New York City. According to the announcement, Ben Errez, RYVYL Chairman and Co-Founder, and George Oliva, RYVYL Chief Financial Officer, will be in attendance to present to attendees. The presentation is scheduled for September 11 at 9:30 a.m. ET. Ben and George will also be available for 1×1 meetings with investors throughout the conference.

RYVYL (NASDAQRVYL), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for the diverse international markets, is reporting on its financial results for the second quarter of 2024, or the period ended June 30, 2024. The report noted that the company’s new private and white-label licensing is expected to attract new customers, lower certain processing costs and operational risks, and expand gross margins. The company anticipates that its latest Gen 4 software offers businesses and merchants highly customizable, advanced and efficient fintech payment solutions.

RYVYL (NASDAQRVYL), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for the diverse international markets, has licensed its payment-platform-as-a-service to a U.S. based licensee. According to the announcement, the licensee plans to deploy services nationwide for both card present (“CP”) and card not present (“CNP”) transactions, with RYVYL earning revenue on every transaction. The agreement capitalizes on RYVYL’s proprietary technology and creates revenue for the company in the fourth quarter.

RYVYL (NASDAQRVYL), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for the diverse international markets, is planning to release its second-quarter 2024 financial results on Aug. 13, 2024. The company will release the report after market close. In addition, RYVYL has scheduled a conference call and webcast for that same day to discuss the report and provide a corporate update; the call will begin at 4:30 p.m. ET. Those interested in accessing the call may dial 1-833-816-1437 (U.S. callers) or 1-412-317-0529 (international callers). Following the call, a replay of the event will be available by calling 1-844-512-2921 (U.S.) or 1-412-317-6671 (international), the enter access ID 10191677.

RYVYL (NASDAQRVYL), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for the diverse international markets, is planning to release its second-quarter 2024 financial results on Aug. 13, 2024. The company will release the report after market close. In addition, RYVYL has scheduled a conference call and webcast for that same day to discuss the report and provide a corporate update; the call will begin at 4:30 p.m. ET. Those interested in accessing the call may dial 1-833-816-1437 (U.S. callers) or 1-412-317-0529 (international callers). Following the call, a replay of the event will be available by calling 1-844-512-2921 (U.S.) or 1-412-317-6671 (international), the enter access ID 10191677.

RYVYL (NASDAQRVYL) is a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for diverse international markets. The company announced that it has aligned its U.S. operations to increase its focus on diversifying into new vertical markets within its Northeast Merchant Systems (“NEMS”) business unit. In addition to leading its licensing strategy, RYVYL’s VP of Revenue Christian Murray was promoted to a newly created position of managing director of NEMS effective July 15, 2024. “RYVYL has developed visionary technology to verify, secure and record payment transactions that has been enthusiastically received by merchants and end customers, despite recent changes in the regulatory environment that impacted our U.S. segment revenue in the past six months. To increase monetization of our technology, we have been focusing U.S. operations on diversifying vertical markets and leveraging software licensing to expand our market penetration,” said Fredi Nisan, co-founder, director and CEO of RYVYL. “In March 2024, we began streamlining operations, including outsourcing payment logistics to third-party partners and reducing approximately 25% of U.S.-based positions. These efforts are improving efficiencies, freeing up resources to reinvest in key growth areas, creating a more agile organization and positioning us to capture a growing pipeline of diversified opportunities within our NEMS business unit as well as to address changes within the fintech compliance landscape to deliver exceptional value and ensure strong positioning within the market.”

RYVYL (NASDAQRVYL), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for the diverse international markets, has entered into an agreement to extend the repayment date on an existing note. According to the announcement, the agreement is with a current noteholder of an 8% senior convertible note; the repayment date on the note was extended to April 5, 2026. In the agreement, the noteholder agrees to extend the repayment date one year, and in return, the company will pay $80,000 in cash now as an advance payment of the next interest payment due and payable under the note, which is scheduled for Oct. 1, 2024. The announcement noted that remaining terms of the note are unchanged, including the total in principal that remains outstanding — $19.1 million — which the company intends to pay in full on or before the new due date. “Extending our debt repayment obligation demonstrates the continued confidence and support of our noteholder and strengthens our financial flexibility as we continue driving growth in multiple verticals across diverse international markets,” said RYVYL Chairman Ben Errez in the press release. “Prepaying a portion of the scheduled interest payment underscores our commitment to maintaining strong relationships with our financial partners and our focus on investing in the Company’s long-term success.”

RYVYL (NASDAQRVYL), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for the diverse international markets, has entered into an agreement to extend the repayment date on an existing note. According to the announcement, the agreement is with a current noteholder of an 8% senior convertible note; the repayment date on the note was extended to April 5, 2026. In the agreement, the noteholder agrees to extend the repayment date one year, and in return, the company will pay $80,000 in cash now as an advance payment of the next interest payment due and payable under the note, which is scheduled for Oct. 1, 2024. The announcement noted that remaining terms of the note are unchanged, including the total in principal that remains outstanding — $19.1 million — which the company intends to pay in full on or before the new due date. “Extending our debt repayment obligation demonstrates the continued confidence and support of our noteholder and strengthens our financial flexibility as we continue driving growth in multiple verticals across diverse international markets,” said RYVYL Chairman Ben Errez in the press release. “Prepaying a portion of the scheduled interest payment underscores our commitment to maintaining strong relationships with our financial partners and our focus on investing in the Company’s long-term success.”

RYVYL (NASDAQRVYL), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for the diverse international markets, is reporting on its financial and operational results for the quarter ended March 31, 2024. Highlights of the report include a 49% increase in revenue for Q1 2024 compared to Q1 2023, with revenue reaching $16.8 million, and total processing volume for the quarter increasing by 4% compared to Q4 2023, with EU processing business volume reaching $755 million and North America processing business volume totaling $239 million. “RYVYL makes payment technology simple by enabling intuitive, secure and compliant payments,” said RYVYL CEO Fredi Nisan in the press release. “Leveraging this proprietary technology, we are actively pursuing new verticals and licensing opportunities, such as new PayFac as a service and new independent software vendor relationships, which we believe will drive long-term growth. In Q1 2024, our RYVYL EU efforts continued to gain traction and delivered processing volume and revenue growth. However, recent changes in the banking compliance environment in the U.S. are affecting some of our high-risk verticals. As we navigate this transition, we remain focused on efficient capital management, to date repatriating $7.5 million from Europe to the U.S. while implementing cost control measures projected to benefit us in future periods. Additionally, we are accelerating business development in new verticals. While we expect Q2 2024 revenue to continue to be impacted, we believe our robust pipeline will fuel growth in the second half of 2024.”

RYVYL (NASDAQRVYL), a leading innovator of payment-transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, has commenced an underwritten public offering of shares of its common stock. According to the announcement, all of the shares are being offered by RYVYL. The announcement also noted that the company plans to grant a 45-day option to the underwriter to purchase an additional 15% of the number of shares of stock offered in the offering; those shares will be offered at the public offering price, after deductions for underwriting discounts and commissions. The company anticipates using the funds from the offering, which will be subject to market and other conditions, for working capital and general corporate purposes.

RYVYL (NASDAQRVYL), a leading innovator of payment-transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, is reporting on its Q4 and full-year financial report; the report shows record revenue for the fourth quarter, with revenue totaling $22.3 million, a 100% increase compared to Q4 2022, while revenue for the fiscal year totaled $65.9 million, also doubling from FY 2022. The company stated that the numbers exceeded its previously announced guidance of $19 million to $21 million. The report noted that the increase was primarily attributable to RYVYL’s larger ISO and partnership network and its growth in global payment processing businesses and banking-as-a-service offering. Specifically, RYVYL’s North America revenue increased 71% to $48.9 million while its European Union revenue jumped 294% to $16.9 million, compared to 2022. Other highlights included a Q4 processing volume of $1 billion, which exceeded guidance and increased 98% from Q4 2022; FX and International payments had $590 million in business volume, 14% higher than the third quarter 2023; RYVYL’s merchant acquiring business volume increased by 30%, totaling $278 million, with total processing volume increasing by 83% to $3.1 billion. In addition, the company reported total indebtedness went down, totaling $19.2 million after reducing the convertible note principal balance by $66.3 million, and its partnership with R3 resulted in RYVYL Block, a next-generation blockchain-as-a-service infrastructure that enables streamlined and secure digital transformation. “Continuing our path to shape the future of financial transactions, in 2023, we delivered the strongest year in our history,” said RYVYL CEO Fredi Nisan in the press release. “Impressive business volume growth resulted in record company revenues. RYVYL EU revenue nearly tripled, and the market continues to present a lucrative long-term opportunity, including our Visa Direct integration that we expect to complete by mid-2024. . . . Overall, our pipeline of business is robust with multiple opportunities to enter new markets and acquire new customers. There are underlying growth trends in business volume and international markets supported by new initiatives, and new partnerships such as ACI Worldwide and R3. Coupling our coyni platform with improved efficiencies, we expect to introduce services in new business verticals and to continue enabling transformation of the digital payments ecosystem.”

RYVYL (NASDAQRVYL) is a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets. The company today announced that it expects to report financial results for the fourth quarter and full year ended 2023 on Tuesday, March 26, 2024. At 4:30 p.m. Eastern Time on that same day, RYVYL management will host a conference call to discuss the results as well as provide a corporate update followed with a question-and-answer session. Interested parties should dial 1-877-407-4018 (U.S.) or 1-201-689-8471 (international) to join the call and visit https://ibn.fm/Mf5zw to register for and access the webcast. Additional details regarding the Call me(TM) link and information to access a replay of the call are covered in the announcement.

The Law Offices of Frank R. Cruz continues its investigation of potential claims against the board of directors of Ryvyl Inc. (“Ryvyl” or the “Company”) (NASDAQRVYL) concerning whether the board breached its fiduciary duties to shareholders.

The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Ryvyl Inc. (“Ryvyl” or the “Company”) (NASDAQRVYL) concerning whether the board breached its fiduciary duties to shareholders.

RYVYL (NASDAQRVYL), a leading innovator of payment transaction solutions, is expecting to deliver fourth-quarter 2023 revenue of approximately $21 million, bringing the full-year 2023 revenue to over $64 million, a 94% increase over 2022. This expectation is part of several milestones RYVL announced as it gears toward reporting on Tuesday, March 26, 2024, after the markets close, its fourth quarter and year-end 2023 financial results and holding a conference call to discuss them. The company also announced that during the fourth quarter of 2023, it lowered its total debt to $19.7 million at Dec. 31, 2023. Other highlights included $2.7 million in gross proceeds from the sale of its Chicago office building in addition to cash flow from operations. As of Dec. 31, 2023, cash, cash equivalents and restricted cash were $61.6 million, with $11.7 million being unrestricted. The company’s management provided 2024 revenue guidance of between $95 and $100 million, up more than 67% over the expected 2023 revenue. In addition, RYVYL announced it is retaining its wholly owned subsidiary, coyni Inc., to drive substantial revenue growth. “RYVYL is shaping the future of financial transactions; in 2023, we drove meaningful operational and revenue growth while establishing a foundation to rapidly scale our processing volume, number of transactions, partnerships, and Banking-as-a-Service platform,” RYVYL Chairman Ben Errez said. “We exceeded our plan for 2023, with processing volume reaching $3 billion, a 58% increase over 2022.”

RYVYL (NASDAQRVYL), a leading innovator of payment-transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, will be presenting at this month’s Sequire Investor Summit 2024. The three-day event is slated for Jan. 23–25, 2024, in San Juan. According to the announcement, RYVYL chair and cofounder Ben Errez will be joined by CFO George Oliva at the elite event. The duo is scheduled to deliver a company presentation at 9 a.m. ET on Jan. 24 and will also be available for one-on-one meetings with registered conference attendees.

RYVYL (NASDAQRVYL) is a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets. The company today announced receipt of confirmation from the Nasdaq Stock Market LLC (“Nasdaq”) that it has regained compliance with Nasdaq’s listing requirements by satisfying the minimum stockholders’ equity requirement of $2.5 million under Nasdaq Continued Listing Rule 5550(b)(1). “The strategic financial transactions recently undertaken by RYVYL have resulted in the restoration of compliance with Nasdaq regulations as well as greater equity investment exposure by our largest investor,” said Ben Errez, chairman of RYVYL. “With a much stronger balance sheet and continued listing of our common stock on Nasdaq, we believe that we are well-positioned to invest in growth and drive the expansion of our payment transaction technology and expand our global reach.”

RYVYL (NASDAQRVYL) and R3, a leading provider of enterprise distributed ledger technology (“DLT”) software and services for the financial sector, today announced their collaboration to offer businesses a groundbreaking blockchain-as-a-service (“BaaS”) solution that enables streamlined and secure digital transformation. The collaboration marks the arrival of a leading-edge BaaS platform, “RYVYL Block,” designed to be an innovative and cost-effective solution, simplifying the adoption of blockchain technology for businesses in banking, payments and high-volume processing environments. “We’re excited about the prospects our partnership unlocks for businesses seeking agile and secure blockchain solutions,” said Fredi Nisan, co-founder and CEO of RYVYL. “By merging RYVYL’s expertise with R3’s leading distributed ledger technology, we’re setting a new standard for accessible, secure and transformative blockchain services.”

RYVYL (NASDAQRVYL), a leading innovator of payment-transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, has entered into a second exchange agreement with an existing noteholder. According to the announcement, the agreement will forbear the note repayment requirement until April 5, 2025, and exchange the outstanding principal in a new authorized series of preferred stock. The agreement outlines a series of exchanges as well as a cash payment of $3 million, which the company has agreed to make for an additional $3,600,000 reduction in principal of the note. At the anticipated closing date of the agreement, which is on or around Nov. 29, 2023, RYVYL’s debt is expected to be reduced to $19,700,000. “We believe that the noteholder’s agreement to convert a significant portion of its debt holdings to equity in the company evidences its continued support and its belief in RYVYL’s core mission,” said RYVYL chair Ben Errez in the press release. “Once completed, we will have a stronger balance sheet, significantly increasing net shareholder equity and reducing outstanding debt by more than $60 million. It is our hope that by bringing net shareholder equity back into compliance with NASDAQ’s listing standards, we will be able to maintain the listing of our common stock on NASDAQ as we look to continue to grow our disruptive payment transaction technology to diverse global markets.”

RYVYL (NASDAQRVYL), a leading innovator of payment-transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, has entered into a second exchange agreement with an existing noteholder. According to the announcement, the agreement will forbear the note repayment requirement until April 5, 2025, and exchange the outstanding principal in a new authorized series of preferred stock. The agreement outlines a series of exchanges as well as a cash payment of $3 million, which the company has agreed to make for an additional $3,600,000 reduction in principal of the note. At the anticipated closing date of the agreement, which is on or around Nov. 29, 2023, RYVYL’s debt is expected to be reduced to $19,700,000. “We believe that the noteholder’s agreement to convert a significant portion of its debt holdings to equity in the company evidences its continued support and its belief in RYVYL’s core mission,” said RYVYL chair Ben Errez in the press release. “Once completed, we will have a stronger balance sheet, significantly increasing net shareholder equity and reducing outstanding debt by more than $60 million. It is our hope that by bringing net shareholder equity back into compliance with NASDAQ’s listing standards, we will be able to maintain the listing of our common stock on NASDAQ as we look to continue to grow our disruptive payment transaction technology to diverse global markets.”

RYVYL (NASDAQRVYL), a leading innovator of payment-transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, is reporting financial results for the third quarter ended Sept. 30, 2023. Financial highlights of the report indicate record quarterly revenue for the fourth consecutive quarter, reaching $17.5 million, an increase of 64% year over year, and processing volume of $861 million, an increase of 27% from the second quarter 2023 and above guidance range of $720 to $800 million. The company’s EU business, which included its new banking-as-a-service (“BAAS”) offering, processed $517 million in the third quarter, a 21% increase compared to business volume in Q2, and RYVYL’s North America acquiring business volume was $171 million, 17% higher than the second quarter 2023 volume of $146 million. Corporate highlights include the launch of the coyni mobile point of sale (“mPOS”) app, the appointment of George Oliva as chief financial officer, and the signing of an exchange agreement with the holder of a RYVYL-issued convertible note resulting in a $6 million debt reduction and an increase in cash flow.

RYVYL (NASDAQRVYL), a leading innovator of payment-transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, is reporting anticipated third-quarter 2023 revenues will increase 60% compared to the same quarter in 2022, reaching a new company quarterly record of an estimated $17 million. According to the announcement, the company plans to release its full Q3 2023 financial results on Monday, Nov. 13, 2023, after the market closes. The company also announced that at 4:30 p.m. ET on that same day, management will host an earnings conference call and webinar. During the event, company officials will provide an overview of RYVYL’s financial results for the quarter ended Sept. 30, 2023; the event will also include a corporate update and an interactive Q&A session. To access the call, dial 1-844-826-3035 (in the United States) or 1-412-317-5195 (internationally). A replay of the conference call will be available through Jan. 13, 2023, by dialing 1-844-512-2921 (in the United States) or 1-412-317-6671 (internationally) and using the access ID 10183517. An archived version of the event will also be available on the company’s website.

RYVYL (NASDAQRVYL), a leading innovator of payment-transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, has appointed a new CFO. George Oliva has accepted the role and will be replacing interim chief financial officer Gene Jones. According to the announcement, Oliva has been working for three decades in the finance space, specifically in corporate finance, treasury, financial planning and analysis, international tax, and strategic planning. Before joining RYVYL, he was CFO and corporate secretary at WiSA Technologies Inc. and a partner at Hardesty LLC, a national executive services company, where he provided financial consulting services to public and private companies nationwide. He has also served as interim CFO of SpineEx Inc., where he oversaw the company’s financial, human resources and information technology departments; VP of finance at GameWorks, where he developed a restructuring plan in connection with an acquisition; and controller at Eva Automation, where he implemented purchase accounting in connection with a $180 million acquisition.