ChainCatcher reported that according to The Block, the custodial wallet company Exodus Movement released its first quarterly financial report since its stock (stock code: EXOD) was listed on NYSE American, a subsidiary of the New York Stock Exchange, in May.
The report said that revenue in the second quarter increased 80% year-on-year to $22.3 million. However, the company's cost of revenue also increased, and it lost nearly $10 million in the quarter, compared with a profit of $1.9 million in the same period last year. The number of monthly active users also rose slightly to 1.5 million this quarter, from 1.2 million in the same period last year.
Exodus’ funds are primarily concentrated in digital assets. The company holds about $70.7 million in cash and cash equivalents, including stablecoins and U.S. Treasuries, and $195.5 million in digital assets, including $121.3 million in Bitcoin and Ethereum tokens.
