The following is a summary of the Ryvyl Inc. (RVYL) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Ryvyl Inc. reported a third-quarter 2024 revenue of $12.6 million, down from $17.5 million the previous year, driven by sequential growth but offset by international revenue recognition delays.

• Gross margin improved slightly to 38.5% in Q3 2024 from 38.2% in Q3 2023.

• Adjusted EBITDA was negative $1.7 million compared to $50,000 in the third quarter of 2023.

Business Progress:

• Strong growth in international performance, driven by PayFac licensing and banking services.

• Completed two European software integrations and activated partnerships, enhancing regional expansion.

• Expanded Visa Direct integration into 13 countries, increasing revenue potential.

• Launched the Manna Card and expanded Payback as a service model in Europe, contributing to a $50-$70 million expected increase in monthly processing volumes.

• Introduced a private label partnership in a high-risk vertical, diversifying revenue sources.

• Aiming for continued growth in 2025 with a robust pipeline and strategic partnerships.

Opportunities:

• The company expects Ryvyl's top-line growth trajectory to continue gaining momentum into 2025, driven by international markets.

• Expanding product lines and entering high-margin verticals.

• Strategic focus on underserved market segments for significant business development potential.

Risks:

• Some challenges in U.S. operations and delayed software implementations affecting revenue recognition.

• Dependent on forming new client relationships and expanding operational compliance for sustainable growth.

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