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From: truluck (Rep: 52) reply to stormcatDate: 02/02/2018 09:39
Forum: Pinks and BB - Msg #125140Thread #673988079 (Rec: 0)
I joined The Cat on this thing, too.Re: bitcoin play with monster numbers just out.. very nice .. LOOK at these n...

Reply to stormcat - Msg #125136 - 02/02/2018 09:06

bitcoin play with monster numbers just out.. very nice .. LOOK at these no.s

Goldmoney earns $4.1M in Q3

2018-02-02 08:59 ET - News Release

Mr. Josh Crumb reports


Goldmoney Inc. has provided financial results for the quarter ended Dec. 31, 2017. All amounts are expressed in Canadian dollars unless otherwise noted.

Financial Highlights

Consolidated Revenue of $150.4 million, an increase of $23.5 million (+19%) quarter over quarter ("QoQ") and quarterly record for the company.

Cryptocurrency Business Revenue of $22.4 million in just 7 weeks of operation.

Group Gross Operating Profit of $9.3 million, an increase of $7.7 million (+481%) QoQ.

IFRS Net Income of $4.1 million, a quarterly record for the company.

Basic and diluted net income per share of $0.06 and $0.05 respectively.

Non-IFRS Cash Gain1 of $6.1 million, also a record for the company.

Raised $28 million net of fees in a private placement to new institutional investors.

Tangible Common Equity2 of $109.3 million at December 31, 2017 vs. $61.1 million at September 30, 2017.

Cryptocurrencies position of $0.64 million at December 31, 2017. The Company, currently only managing inventory for client dealing, has no meaningful long positions in cryptocurrencies as of the date of this release.

Currency loans totaling $19.3 million of balance sheet capital extended to users against their pledged precious metals earning an average interest rate of 3.6%.

Corporate precious metal position of $16 million at December 31, 2017, reflecting the company's commitment to grow long-term precious metal ownership per share from surplus returns on capital.

Client assets under custody stable at $1.76 billion as of December 31, 2017.

Operational Highlights

Signed Letter of Intent with Zhaojin Mining (1818:HK) to form Goldmoneytrademark China Joint Venture. The venture is advancing and expected to launch by March 31, 2018.

Launched crypto asset business within the Goldmoney Holding by signing on asset managers, crypto miners, and HNWI investors, which led to $22.4 million of revenue and 0.5 million of operating profit in less than 8 weeks of operation.

Formed BlockVault Inc. subsidiary and announced pending launch of ColdBlocksTM: an insurable, auditable-custodial cold storage technology for crypto assets.

Completed Mene 24 karat jewelry private beta launch and "Series A" Financing, raising up to $33 million ($12 million from unit subscription and the balance from outstanding warrants that may be exercised) in marketing and growth capital for an important Goldmoney "ecosystem" dealing client.

Announced the spin-off and go-public listing of Mene, which will likely take place by June 30, 2018.

Record quarter for FCA-regulated lending associate Lend & Borrow Trust Company Ltd. The company plans to expand into cryptocurrency loans in the future using the group's propriety insured-custody solution and regulated asset-backed lending license.
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