"We are pleased with our results for the quarter - we saw exciting liquidity services growth, executed on a successful Consensus conference, and prepared for what would be a successful IPO. We're excited that the work we did in the second quarter is already directly contributing to strong business momentum in the third quarter and beyond. Our recent receipt of the prestigious New York DFS Bitlicense is testament to our institutional rigor and truly global reach."
"Securing the New York BitLicense is a significant regulatory milestone for our growth in the U.S. and also signals our credibility to operate within the financial capital of the world,"
Bullish reported net income of $108.3 million, or $0.93 per share, in the second quarter, reversing a year-earlier loss of $116.4 million, or $1.03 per diluted share. Revenue totaled $57 million, above estimates of $55.8 million, while digital asset sales rose to $58.6 billion from $49.6 billion. The company projects adjusted revenue of $69 million to $76 million for the third quarter, exceeding the estimated $57.1 million. Bullish received the New York DFS BitLicense to accelerate U.S. expansion. Compass Point raised its price target to $56 from $45. Management pointed to liquidity services growth, Consensus execution, and IPO preparation as drivers of momentum.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]