Liquid Meta reports Q1 2023 financial results

TORONTO, October 17, 2022 /PRNewswire/ – Liquid Meta Capital Holdings Ltd. (“Liquid Meta” or the “Company”) (NEO: LIQD) (FRANKFURT: N5F) (OTCQB: LIQQF) is a decentralized finance infrastructure and technology company focused on bridging the gap between traditional and decentralized finance, today announced its Financial results for the three months ended August 31, 2022 announced.

Liquid Meta Capital Holdings Ltd (CNW Group/Liquid Meta Capital Holdings Ltd) Logo

All dollar numbers are in United States Dollars (“USD”) unless otherwise noted.

Highlights of Q1 2023

• Quarterly net sales of $200,748

• Total earnings from reward tokens, staking and trading fees from $421,440 for the past three months August 31, 2022

• net loss, from $831,922mainly due to higher general and administrative and professional services fees, resulting in a net loss per share of $0.02.

• Excluding non-cash stock-based compensation expense $322,042would have been a net loss $509,890 or $0.01 per share.

• Total shareholders’ equity of approx $21.0 million (CAD$29.0 million) or $0.40 (C$0.54) per share

• Deploying capital across 10 blockchains, 31 different decentralized platforms and 5 different strategies

• Built-in direct node integration with 7 different blockchains in our search engine. Belong to the blockchains etherBinance Smart Chain, Polygon, Avalanche, Fantom, Solana, Arbitrum.

• Completion of the first phase of technology development: multi-chain audit software capabilities that enable automatic capture of transactions for record-keeping, financial performance and auditing purposes across blockchains, decentralized applications and liquidity pools (LPs).

• The multi-chain audit software represents a key component of the platform that Liquid Meta is building, which will make it easier for institutions to allocate capital to Defi in a simple and secure manner. MetaBrigde will include key features including automatic yield optimization, verified transaction reports, multichain engagement, risk analysis, automatic recompounding and rebalancing.

Liquid Meta is a DeFi-focused infrastructure and technology company. The Company has a liquidity mining operation where it generates returns using its own balance sheet on a variety of blockchains and decentralized applications. The company is also developing technologies to bridge the gap between traditional finance and the emerging open finance protocols being developed in Web3. This technology is designed to make on-chain operations simpler, more secure and more efficient for traditional financial institutions to access Web3.

The story goes on

Since its inception, Liquid Meta’s approach to liquidity mining has been designed to generate returns within DeFi with a market-neutral approach. The rationale was to limit the risk of intense price volatility while generating returns that were not dependent on rising prices. I am pleased that we have continued to generate returns while maintaining our balance sheet relative to the market in an otherwise challenging macroeconomic environment in capital markets. While yields and on-chain volumes have been depressed, our strategy has allowed us to continue to build confidently and remain in a position to add risk should we see a prudent opportunity should the market rally,” he said Jonas Wiesblatt, CEO of LiquidMeta. “Despite the macroeconomic environment, we continue to advance our growth plans as we believe open financial infrastructure is not a fad – it is the future of finance. Our growing expertise in on-chain activities is directly linked to our design and development of “MetaBridge”, which is our internal name for the technology stack we are building. Our platform is being built with the goal of billions of Integrate dollars of institutional capital into an open financial infrastructure in a secure, simple and curated experience. Move on Our technology development is exciting and on track.” adds Wiesblatt.

Financial Statements and MD&A

Liquid Meta’s financial statements for the past quarter August 31, 2022 and Management’s Discussion and Analysis (the “MD&A”) for the past three months August 31, 2022 are available on SEDAR at www.sedar.com.

About liquid meta

Liquid Meta is a decentralized financial infrastructure and technology company driving the next generation of open access protocols and applications. The company bridges the gap between traditional and decentralized finance while ushering in a new era of financial infrastructure that benefits everyone, everywhere.

To learn more, visit the site | LinkedIn | Twitter

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Neo Exchange has not reviewed or approved this press release for the adequacy or accuracy of its content.

Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this press release. Any statement that involves discussions regarding predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, expressions such as “expects” or “does not expect”, “expected”) , “expects” or “does not expect”, “plans”, “budgets”, “planned”, “forecast”, “estimates”, “believes” or “intends” or variations of such words and phrases or an indication that certain actions events or results that “may” or “could”, “would”, “could” or “will” occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause Liquid Meta’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are discussed under the heading “Risks and Uncertainties” in the Company’s filing statement dated December 17, 2021 which is available on SEDAR at www.sedar.com. The forward-looking statements contained herein are made as of the date of this press release and, except as required by law, Liquid Meta disclaims any obligation to update any forward-looking statement, whether as a result of new information, results, future events, circumstances, or if the estimates or opinions of the Management should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on any forward-looking statements.

Liquid Meta’s operations could be materially adversely affected by the effects of a widespread global outbreak of a contagious disease, including the recent outbreak of the disease caused by COVID-19. It is not possible to accurately predict the impact of COVID-19 on operations and the ability of others to meet their obligations, including uncertainties related to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the Travel duration and quarantine restrictions imposed by the governments of the countries concerned. In addition, a significant outbreak of infectious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn affecting its operations and the ability to fund its operations could further affect .

For more information:

Jonas WiesblattPresident and CEO
Liquid Meta Investor Relations
[email protected]
[email protected]

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SOURCE Liquid Meta Capital Holdings Ltd

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