Voyager Digital Ltd (OTCMKTS: VYGVF) was down 1.19% yesterday and closed at $16.98 with an average share volume of 3.8K until 4 pm. While its average day range is $16.59 – $18.30, the previous close had been $17.18. Over the previous year, this stock has also gone as high as $30.20. With the market capitalization of 2.92B CAD, its average share trading volume is 915.95K. Headquartered in the United States, Voyager Digital was established in the year 1993.
Contrasting rise and fall of revenue and net income, respectively
Looking at the first quarter financial report of this company, the revenue came in at $60.44M, a sharp rise of 21,325.78% in comparison with the previous year. But when we look at the net income of this company, it has fallen -3,936.54% from the previous year and is booked at -$68.56M.
The net profit margin has surged 81.16% and is registered at -113.44% for the first quarter. Operating income went up 1,784.12% in comparison with the previous year. It came in at $30.05M. The company’s cash on hand by the end of the first quarter of this year is $72.58M.
Voyager, a part of blockchain association
Earlier in the previous year, the company announced becoming a part of the blockchain association, comprising leaders specializing in supporting American leadership for the much-popular cryptocurrency. The company is the newest member of this association and shall henceforth be paying an active role in formulating policies around the blockchain and crypto industry.
Cryptocurrency has become the newest technological frontier with brimming interest from the new investors. Voyager has joined the association to improve the environment surrounding the public policy of this frontier.
Other pioneers are joining the association apart from the company, including Fireblocks, Grayscale, AAVE, and Circle.
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