Exodus Movement (NYSEAMERICAN:EXOD) Issues Quarterly Earnings Results

Exodus Movement (NYSEAMERICAN:EXOD) posted its quarterly earnings data on Monday. The company reported ($0.62) EPS for the quarter, FiscalAI reports. The business had revenue of $26.23 million for the quarter. Exodus Movement had a negative return on equity of 11.78% and a negative net margin of 28.25%.

Here are the key takeaways from Exodus Movement’s conference call:

• Exodus is pivoting into payments through its Monavate and Baanx acquisition, aiming to diversify beyond crypto-dependent swap revenue with enterprise payments, stablecoin settlement, card issuing, and other financial infrastructure services.
• Monavate processed approximately $1.8 billion in gross transaction volume year to date, including about $900 million in Q2; normalized volume from its core client base rose 60% quarter over quarter, and the platform supports roughly 40 enterprise customers across more than 50 countries.
• Q2 revenue was $26.2 million and net loss was $18.6 million, while EBITDA loss reached $21.5 million, reflecting acquisition, integration, professional-services, and restructuring costs. The company said the quarter included about $17 million of transaction-related incentive costs and $5.8 million of professional-services expenses.
• Management expects the 25% workforce reduction to generate $10 million to $13 million in annualized operating-expense savings, with the full monthly run rate expected in Q4 2026 and the full cash benefit realized in 2027.
• Monavate’s European card issuance remains constrained following a regulatory setback, limiting new-program onboarding and delaying broader Exodus Pay adoption. Management expects to establish a new issuing arrangement in Q4, subject to Bank of Latvia approval for the TXIPay acquisition, a process that could take roughly 60 to 90 days after filing.

Exodus Movement Stock Performance

Exodus Movement stock opened at $4.99 on Wednesday. The stock has a 50-day simple moving average of $5.54 and a 200 day simple moving average of $7.71. The stock has a market capitalization of $149.75 million, a P/E ratio of -3.93 and a beta of 1.90. Exodus Movement has a 52 week low of $4.57 and a 52 week high of $32.92.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. BTIG Research dropped their target price on Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Zacks Research upgraded Exodus Movement from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Cantor Fitzgerald boosted their price target on Exodus Movement from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday. Benchmark dropped their price objective on Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Northland Securities set a $10.00 target price on shares of Exodus Movement in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Exodus Movement currently has a consensus rating of “Buy” and a consensus target price of $16.17.

Institutional Trading of Exodus Movement

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new position in shares of Exodus Movement during the 2nd quarter worth approximately $125,000. Bank of America Corp DE lifted its holdings in Exodus Movement by 17,155.2% during the 1st quarter. Bank of America Corp DE now owns 33,475 shares of the company’s stock valued at $218,000 after purchasing an additional 33,281 shares during the last quarter. Impact Partnership Wealth LLC acquired a new stake in Exodus Movement during the 1st quarter valued at $66,000. Aristides Capital LLC bought a new position in Exodus Movement during the fourth quarter worth $164,000. Finally, Invesco Ltd. boosted its position in Exodus Movement by 52.8% during the fourth quarter. Invesco Ltd. now owns 15,722 shares of the company’s stock worth $233,000 after purchasing an additional 5,436 shares during the period.

Exodus Movement Company Profile

Exodus Movement, Inc is a software company focused on developing user-friendly tools for managing digital assets. Its flagship product, the Exodus Wallet, is a non-custodial cryptocurrency wallet available on desktop and mobile platforms. The wallet enables users to secure, send, receive and exchange a broad range of digital currencies while retaining full control of their private keys. With built-in portfolio tracking and an integrated exchange feature powered by third-party liquidity providers, Exodus offers a one-stop interface for both newcomers and experienced crypto enthusiasts.

Since its initial release in mid-2016, Exodus has expanded support to over 100 cryptocurrencies and tokens, including major assets such as Bitcoin, Ethereum and Litecoin as well as numerous ERC-20 tokens.