Exodus, a crypto wallet company, reported $13.3 million in revenue for Q1 2023, with a 13% decrease from Q1 2022. However, CEO JP Richardson noted growth in transactions, exchange volume, and downloads compared to an unspecified period.
The company's year-over-year statistics showed a small decline in monthly active users, download count, and exchange provider volume. Despite this, Exodus reported $800,000 in net income for Q1 2023, a significant improvement from the $3.4 million net loss in Q1 2022. The company holds $101 million in digital assets, including $41.3 million in Bitcoin and $54 million in cash and cash equivalents and Treasury bills.
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