Q: Your thoughts on DEFI's earnings that were reported this morning and outlook for the stock going forward?
Thanks
Phil
Thanks
Phil
5i Research Answer:
EPS of 13c rose sharply from 2c expected. Revenue of $62.6M beat estimates of $33M. Guidance for $286M in revenue is above estimates. AUM at Valour is $921M. Cash is $20M. Security and crypto holdings $43.4M. The press release was a bit heavy on promotion, but at the end of the day the results are fine and guidance was increased from current consensus.