Attention cryptocurrency investors and those interested in decentralized finance (DeFi): Liquid meta released its latest quarterly results. Liquid Meta is a publicly traded company with the symbol LIQD on the NEO and 5NF on the Frankfurt Stock Exchange. The DeFi technology and infrastructure specialist is working to bridge the gap between DeFi and conventional finance. The company’s most recent quarterly results relate to the third quarter of the financial calendar. Let’s take a look at those numbers and what the company has in store for the coming year.
Notable numbers from Liquid Meta
The Liquid Meta company was proud to report that they had over a million dollars in revenue for the quarter. Liquid Meta had quarterly sales of $1.1 million. In terms of annual revenue to date, the company has earned $1.5 million. Of note are the financial proceeds from the financing related to the RTO completed in the third quarter, meaning it was fully deployed in two months of the quarter.
The company’s net loss was just over $4,500,000. After accounting for stock-based compensation and listing costs, the company’s net loss was $1,025,050. Liquid Meta had total assets of $26,558,562 as of the last day of February. The financial metrics above prove that Liquid Meta’s all-weather strategy has merit.
The company’s balance sheet was strong throughout the quarter, setting the stage for success in the months and years to come even as the crypto industry remains volatile. After all, January turned out to be one of the most volatile months for crypto assets in the past half decade.
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Liquid Meta strengthened its engineering team last quarter. The company also appointed a new chief technology officer (CTO), Daniel Opperman, to oversee its proprietary MetaBridge platform, which enables institutional investors to deploy capital safely and at scale with a litany of DeFi applications and protocols . The hope is that the new CTO will accelerate the creation of essential application and development protocols for the commercialization of the platform.
The CEO of Liquid Meta, Jonathan Wiesblatt, went out of its way to note that the company has made great strides since launching in winter 2021. He highlighted the company’s main goal, namely the development of its MetaBridge terminal platform. Liquid Meta has successfully added key MetaBridge modules used during its daily liquid mining activities. Wiesblatt continued that the advancement of MetaBridge will set the stage for an even stronger balance sheet, increased shareholder value and an acceleration of the company’s technical development.
Wiesblatt also highlighted that the company has deployed capital across its balance sheet in specific blockchains, liquidity pools and DeFi applications known as Dapps. The company’s all-weather liquidity mining strategy has resulted in steady daily earnings despite the crypto market becoming increasingly volatile. The head of Liquid Meta concluded his comments by saying that his team will continue to build what he believes will be the optimal gateway offering institutions access to DeFi solutions.
Liquid Meta’s focus moves forward
In the coming quarters, Liquid Meta will commercialize and further develop a tech stack designed to make DeFi solutions easier for institutional investors to access. That goal will be much easier to achieve now that the company has expanded its engineering department. The company’s new CTO will also help drive the development of protocols that will help commercialize its MetaBridge technology.
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