news - The SiLLC Assembly

Neptune Digital Assets Reports Positive Net Income in Q1 2023 and Increases Crypto Holdings

May 2, 2023 [crocon media – dgoldsmith] – Neptune Digital Assets Corp., a publicly traded blockchain company in Canada, has released its February 28, 2023 quarterly consolidated financial statements and management discussion and analysis, providing a snapshot of its performance during the first half of 2023.

The company’s financial highlights include ending the quarter with $37.7 million in assets and no debt, earning total revenues and other income of $1.9 million through Bitcoin mining, staking, DeFi and other income-generating activities during the six month period, mining $1,106,951 worth of Bitcoin up to February 28, 2023, and holding a total balance of 244 Bitcoin in cold storage and an additional 64 Bitcoin under chapter 11 claims with Genesis and Celsius.

The company’s two largest digital asset holdings are 244 BTC and 175,000 ATOM, and it also holds positions in ETH, FTM, wMemo, DASH, Lif3, Tomb, GRT, OCEAN and other tokens, as well as an investment in SpaceX valued at approximately $2 million USD.

While Neptune has had a number of difficult quarters, it finished the quarter with a positive net income and a healthy treasury balance for further growth as the markets improve.

Check out the full details here: https://neptunedigitalassets.com/neptune-digital-assets-announces-comprehensive-net-income-of-2-7-million-in-q2/

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Disclaimer
All transactions are carried out by The SiLLC Assembly, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to provide general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions, and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relate to The SiLLC Assembly International.

WISeKey Reports Strong Growth in Full-Year 2022 Audited Consolidated Financial Results

crocon media, April 28, 2023 — [msch] WISeKey, a leading global cybersecurity and IoT company, has reported its full-year 2022 audited consolidated financial results. The company achieved strong growth in revenue and gross profit, driven by the continued expansion of its cybersecurity and IoT offerings.

In 2022, WISeKey generated a total revenue of $67.6 million, representing a growth of 34% over the previous year. Gross profit for the year reached $44.8 million, up by 41% compared to the previous year. The company’s gross margin increased from 59.4% in 2021 to 66.3% in 2022, reflecting the increasing contribution from high-margin cybersecurity and IoT services.

During the year, WISeKey continued to expand its offerings and partnerships, further strengthening its position in the global cybersecurity and IoT market. The company launched its WISeID Mobile Authentication Solution and its WISeKey IoT Security Platform, which provide advanced security solutions for mobile devices and IoT applications.

Commenting on the results, WISeKey CEO Carlos Moreira said, “We are pleased with the strong growth and continued expansion of our cybersecurity and IoT offerings in 2022. Our focus on delivering advanced, high-margin security solutions has enabled us to achieve solid financial results and position ourselves for long-term success in the growing global cybersecurity and IoT market.”

WISeKey’s strong financial performance and growth outlook have generated positive attention from investors, and the company’s stock price has seen significant gains in recent months. With its strong financial position and growing portfolio of cybersecurity and IoT solutions, WISeKey is well-positioned to continue delivering value for its customers and shareholders in the years ahead.

Check out the full details here: https://www.globenewswire.com/news-release/2023/04/28/2657869/0/en/WISeKey-Reports-Full-Year-2022-Audited-Consolidated-Financial-Results.html

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

Lightning Networks Power Arcario’s LN Markets to Record Q1 2023 Trading Volume

crocon media, April 21, 2023 — [msch] LN Markets, a subsidiary of Arcario, has recorded a record-breaking performance in Q1 2023, according to a report by the company. LN Markets, which uses the Lightning Network to facilitate fast and secure trading of Bitcoin and other digital assets, has reported an all-time high trading volume of over $10 billion. The remarkable growth in trading volumes comes amid growing institutional and retail investor demand for digital assets and financial technology.

The Lightning Network is a payment protocol that enables fast and secure transactions on the Bitcoin network. LN Markets leverages this technology to offer a decentralized trading platform that provides users with a seamless trading experience. LN Markets’ success is testament to the growing acceptance of digital assets in mainstream finance, as more investors look for alternative investment opportunities in a low-interest-rate environment.

Arcario, the parent company of LN Markets, is a leading provider of digital asset trading and investment solutions. The company is committed to providing innovative solutions that enable clients to access the growing digital asset market. Arcario has recently announced plans to expand its offerings to include tokenization and staking services, which will enable clients to invest in a range of blockchain-based projects.

In conclusion, the remarkable performance of LN Markets in Q1 2023 is a testament to the growing demand for digital asset trading and investment solutions. As more investors embrace the opportunities offered by digital assets and financial technology, companies like Arcario are well-positioned to benefit from this trend.

Check out the full details here: https://www.linkedin.com/pulse/arcarios-ln-markets-hits-all-time-high-trading-volumes-remarkable/

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