RYVYL Inc. Files 8-K on Financial Results & Operations

TL;DR

**RYVYL just dropped an 8-K on financial results, time to check the numbers!**

AI Summary

RYVYL Inc. filed an 8-K on January 19, 2024, to report on Items 2.02 (Results of Operations and Financial Condition), 7.01 (Regulation FD Disclosure), and 9.01 (Financial Statements and Exhibits). This filing indicates that the company is providing an update on its financial performance and operations, likely through an earnings release or similar disclosure, which is crucial for investors to understand the company's current health and future prospects. For shareholders, this means new financial data is available that could influence the stock's valuation.

Why It Matters

This filing signals that RYVYL Inc. has released new financial information, which is essential for investors to assess the company's performance and make informed decisions about buying, holding, or selling the stock.

Risk Assessment

Risk Level: medium — The risk level is medium because while the filing itself is procedural, the undisclosed financial results could contain either positive or negative news, impacting the stock's volatility.

Analyst Insight

A smart investor would closely monitor RYVYL Inc.'s news releases and subsequent filings for the actual financial results and operational details that this 8-K indicates are forthcoming, as these will provide the substance for a valuation assessment.

Key Players & Entities

• RYVYL Inc. (company) — the registrant filing the 8-K
• January 19, 2024 (date) — date of earliest event reported and filing date
• Nevada (company) — state of incorporation for RYVYL Inc.
• 001-34294 (dollar_amount) — Commission File Number
• 3131 Camino Del Rio North, Suite 1400 San Diego, CA 92108 (company) — principal executive offices address
• (619) 631-8261 (dollar_amount) — registrant's telephone number

Forward-Looking Statements

• RYVYL Inc. will release detailed financial statements and operational results shortly after this 8-K filing. (RYVYL Inc.) — high confidence, target: Q1 2024
• The stock price of RYVYL Inc. will react to the content of the financial results disclosed under Item 2.02. (RYVYL Inc. stock) — high confidence, target: January 2024

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share RVYL The Nasdaq Stock Mar

Filing Documents

• ryvyl20240119_8k.htm (8-K) — 33KB
• ex_616996.htm (EX-99.1) — 14KB
• r_logo1.jpg (GRAPHIC) — 1KB
• 0001185185-24-000108.txt ( ) — 189KB
• rvyl-20240119.xsd (EX-101.SCH) — 3KB
• rvyl-20240119_def.xml (EX-101.DEF) — 10KB
• rvyl-20240119_lab.xml (EX-101.LAB) — 19KB
• rvyl-20240119_pre.xml (EX-101.PRE) — 11KB
• ryvyl20240119_8k_htm.xml (XML) — 2KB

02

Item 2.02. Results of Operations and Financial Condition. On January 19, 2024, RYVYL Inc., a Nevada corporation (the "Company"), issued a press release including certain preliminary financial and operating results for the year ended December 31, 2023. The press release also contains information providing certain 2024 revenue guidance for the Company. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (the "Current Report"). You are advised that the financial information presented in the press release is based on preliminary, unaudited financial statements prepared by management, for the year ended December 31, 2023, and has not yet been reviewed by the Company's independent auditors. Accordingly, such financial information may be subject to change. All information contained in the press release is qualified with reference to the audited financial results for the year ended December 31, 2023, which is expected to be released on or around March 26, 2024, in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, and will be posted on www.SEC.gov. While the Company does not expect there to be any material changes to the financial information provided in the press release, any variation between the Company's actual results and the preliminary financial information set forth in the press release may be material. The press release contains certain statements and information that speak to the Company's expectations or predictions of the future. These statements and information may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such forward-looking statements are subject to risks and uncertainties, many of which are beyond the Company's control, which could cause the Company's actual results to differ materially from those exp

01

Item 7.01. Regulation FD Disclosure. The Company also reported in the press release that it has decided to retain its wholly owned subsidiary coyni, Inc. and use the coyni technology platform to expand payment processing and banking-as-a-service solutions rather than pursue its merger and spin out into a new publicly traded entity, as it previously reported it had intended to do. The information in this Item 7.01 and Exhibit 99.1 will not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor will it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such filing.

Forward-Looking Statements

Forward-Looking Statements This Current Report may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Such forward-looking statements are characterized by future or conditional verbs such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate" and "continue" or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information. Such statements are only predictions and the Company's actual results may differ materially from those anticipated in these forward-looking statements. There may be events in the future that the Company is not able to accurately predict or control. Factors that may cause such differences include, but are not limited to, those discussed under risk factors in the Company's Amendment No. 1 to the Annual Report on Form 10-K/A for the year ended December 31, 2022 and other filings filed with the SEC, including the uncertainties associated with the regulatory environment in which the Company operates, rapid changes in blockchain technology and in the cryptocurrency industry, turmoil in the banking sector with respect to digital asset management, strategic growth opportunities and initiatives, and the Company's proprietary technology. Forward-looking statements speak only as of the date they are made. The Company does not assume any obligation to update forward-looking statements as circumstances change. The Company gives no assurance that it will achieve its expectations. You may access the Company's SEC filings by visiting SEC's website at http://www.sec.gov . This Current Report does not constitute an offer or invitation for the sale or purchase of securities or to engage in any other transaction with the Company or its affiliates. The information in this Current Rep

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. 99.1 Press Release, dated January 19, 2024. 104 Cover Page Interactive Data File SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 19, 2024 RYVYL Inc. By: /s/ Fredi Nisan Name: Fredi Nisan Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR