Q4 2024 Exodus Movement Inc Earnings Call Transcript

Mar 3, 2025 / 09:30 PM GMT

Transcript 10-K8-K

Key Points

Positve

Exodus Movement Inc (EXOD) achieved record revenue in Q4 2024, growing 143% year over year to $44.8 million.
The company successfully expanded its partnerships, with 11 partners signed for Exoswap, contributing 12% of Q4 revenue.
Exodus Movement Inc (EXOD) launched innovative products like Xopay and Pasky's wallet, enhancing user experience and simplifying crypto access.
The company ended 2024 with $116.3 million in revenue, marking a record year.
Exodus Movement Inc (EXOD) uplisted to the Nicey American exchange, improving liquidity and visibility with investors.

Negative

The company did not disclose gross margins or GNA expenses for Q4, leaving some financial details pending until the 10-K filing.
Exodus Movement Inc (EXOD) faces challenges from the volatile cryptocurrency market cycles, which can impact short-term business performance.
There were significant costs associated with the Nicey uplisting process, impacting financials.
The integration of Exopay with partners like Moon Pay is still in progress, aiming for a seamless user experience.
The company is cautious about sharing specific user onboarding impacts following major industry hacks, indicating potential sensitivity to security events.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EXOD.A - Exodus Movement Inc
Q4 2024 Exodus Movement Inc Earnings Call
Mar 03, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome everyone to Exodus's 4th quarter of 2024 earnings conference call. I'm your host, Greg McNiff, and joining us today are Exodus co-founder and CEO JP Richardson and Exodus CFO James Gronitski. During today's call, we may make forward-looking statements. The company cautions investors that any forward-looking statements involve risk and uncertainties and are not a guarantee of future performance. Actual results may vary materially from those expressed or implied in the forward-looking statements due to a variety of factors. These factors are described under forward-looking statements in our earnings press release and our most recent registration statement on Form 10 filed with the Securities and Exchange Commission, available on the

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