Dossier
Exodus Movement
Coverage of Exodus Movement in the Nexus archive.
- Exodus sells over 1,000 Bitcoin as Q1 loss widens to $32M
Exodus Movement reported a $32.1 million net loss in Q1, with revenue down 36.8% to $22.7 million amid a drop in monthly active users. The company sold over 1,000 Bitcoin. Exodus Movement's financial performance declined significantly in the first quarter.
- Crypto wallet provider Exodus reports wider Q1 loss as revenue falls 37%
Exodus Movement reported a net loss of $32.1 million in Q1, compared to a net loss of $12.9 million a year earlier. The company's revenue fell by 37%. This significant decline in revenue and increase in net loss indicates a challenging quarter for the crypto wallet provider.