financial loss - FinTecBuzz

Bank of Botetourt posts profitable 3rd quarter financial results

PRNewswireOctober 29, 202119 min

Buchanan-based Bank of Botetourt (OTCPK: BORT) announced today its unaudited financial results for the three and nine months-end September 30, 2021. The Bank produced net income amounting to $1,816,000 or $1.04 per basic share in the third quarter. This amount compares to a net income of $1,095,000 or $0.64 per share, for the same period last year, an increase of $721,000 or 65.9%. For the nine months-ended the Bank produced net income amounting to $5,378,000 or $3.10 per basic share. This amount compares to a net income of $3,305,000 or $1.92 per share for the same...

Crypto Currencies

Bit Digital, Inc. Announces Second Quarter Financial Results

PRNewswireAugust 23, 2021382 min

Bit Digital, Inc. (Nasdaq: BTBT) (the “Company”), a bitcoin mining company headquartered in New York, today announced its unaudited financial results for the second quarter ended June 30, 2021. Financial Highlights for the Second Quarter 2021 Revenue from bitcoin mining was $28.3 million. The number of bitcoins earned was 562.9. 70.8% of our miner fleet was deployed, in transit to, or awaiting installation in North America at June 30, 2021. We owned 32,500 miners, with 3,515 miners acquired in the second quarter...

Crypto Currencies

BIT Mining Limited Announces Unaudited Financial Results

PRNewswireAugust 18, 202139 min

BIT Mining Limited (NYSE: BTCM) (“BIT Mining,” “the Company,” “we,” “us,” or “our company”), a leading cryptocurrency mining enterprise, today reported its unaudited financial results for the second quarter ended June 30, 2021. Cryptocurrency Business Progress BIT Mining has completed the transition of its business to an enterprise that covers cryptocurrency mining, data center operation and mining pool. The Company has commenced ethereum mining operations outside of mainland China, with a theoretical maximum total hash rate capacity of 600 GH/s deployed...

Payments

Payment Company Mogo Reports Second Quarter 2021 Financial Results

BusinessWireAugust 12, 202116 min

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company, today announced its financial and operational results for the second quarter ended June 30, 2021. Second Quarter Financial Highlights (All comparisons are relative to the three-month period ended June 30, 2020 unless otherwise stated) Revenue increased 29% to $13.7 million. Subscription and services revenue growth accelerated, up 81% year over year to a record $8.2 million (60% of total revenue). Record...

Investments

Morningstar, Inc. Reports First-Quarter 2021 Financial Results

PRNewswireApril 29, 202118 min

Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported first-quarter 2021 financial results. “Broad-based growth reflects strength across our business,” said Kunal Kapoor, Morningstar’s chief executive officer. “Our license-based offerings keep resonating with both public and private market investors, DBRS Morningstar remains focused on cementing its position as the leading alternative to legacy rating agencies, and our ongoing expansion of environmental, social, and governance (ESG) solutions fulfills rising interest in sustainable investing. Recent ESG-related...

Banking Platform

Metropolitan Bank Appoints New Chief Financial Officer

BusinessWireAugust 7, 20204 min

Metropolitan Bank Holding Corp. (NYSE: MCB) (“Metropolitan” or the “Company”), the holding company for Metropolitan Commercial Bank (the “Bank”), today announced that the Company has hired Greg Sigrist as Executive Vice President and Chief Financial Officer. He will join the Company on August 10, 2020 and officially assume the role of Executive Vice President and Chief Financial Officer on September 4, 2020. He will report to Mark DeFazio, President and Chief Executive Officer, and will...

In-House Features

5 Ways in Which the Pandemic Has Affected the Financial Business

Ashish Y.June 9, 202013 min

ERP CRM PSA

FinancialForce Adds Significant Global Firepower to Executive Sales Team

PRNewswireJune 5, 20205 min

Technology leaders David Schloss and Stewart Monk join company as VP & General Manager, Americas and EMEA, respectively

In-House Features

Top 5 Security Guidelines That Financial Services Should Follow

Chandrima S.June 3, 202016 min

Investment Platforms

Darqube – Democratizing Financial Technology for Smarter Investing

PRNewswireMay 8, 20205 min

Beating Wall Street means staying ahead of the curve. Darqube, a London based Fintech start-up, provides the solution that revolutionizes the way retail investors make their decisions. Current trading analytics tools for retail investors provide limited insights, while professional platforms used by financial institutions are too expensive. Studies show that 90% of retail traders lose money, and one of the reasons is the lack of access to technology. Machines perform over 80% of trades in the financial markets. Therefore, to generate profits...

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