OMAHA, Neb., Feb. 29, 2024 (GLOBE NEWSWIRE) — Exodus Movement, Inc. (OTCQB:EXOD), (“the Company” or “Exodus”) the leading self-custodial cryptocurrency software platform, today announced its fiscal 2023 results for the fourth quarter and full year ended December 31, 2023. The Company reported full year revenue of $56.2 million, an increase of 11% as compared to 2022.
Fourth Quarter and Full Year 2023 Financial Highlights
In USD millions, except percentages
Q4 2023
Q4 2022
% Change
2023
2022
% Change
Revenue
$
18.5
$
11.2
64%
$
56.2
$
50.6
11%
Total Cost of Revenues
8.8
4.4
99%
30.5
25.4
20%
Operating Expenses
3.0
5.2
(43%)
17.3
53.6
(68%)
Income from Operations1
$
6.7
$
1.6
313%
$
8.4
$
(28.3
)
Operating Margin
36
%
14
%
15
%
(56
%)
Net Income (loss)
$
10.4
$
(1.4
)