Latest news with #DeFiTechnologiesInc
Cision Canada
30-06-2025
- Business
- Cision Canada
DeFi Technologies Announces 2025 AGM Results
TORONTO, June 30, 2025 /CNW/ - DeFi Technologies Inc. (the " Company" or " DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (" DeFi"), is pleased to , is pleased to provide the voting results from the 2025 Annual and Special Meeting of shareholders. The Company announces that the nominees listed in the management proxy circular dated May 20, 2025 (the " Circular") for the 2025 annual and special meeting of shareholders of the Company (the " Meeting") were elected as directors of the Company. Shareholders at the Meeting also approved the appointment of the Company's auditors and the adoption of the Share Incentive Plan.. Detailed results of the vote for the election of directors held at the Meeting on June 30, 2025 in Toronto, Ontario are set out below. The shareholders approved the election as directors of the persons listed below, based on the following vote. Shareholders voted 95.592% in favour of the approval of the appointment of the Company's auditors, with 4.408% of shareholders withholding their vote on the appointment of auditors. Shareholders at the Meeting also approved the Company's share incentive plan (the " Share Incentive Plan"), with 70.365% in favour and 29.635% against. A total of 127,577,203 common shares were voted in connection at the Meeting, representing approximately 38.69% of the issued and outstanding common shares of the Company. The Company's board would like to express its gratitude to its shareholders for their participation and support. About DeFi Technologies DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionising the way individuals and institutions interact with the evolving financial ecosystem. Follow DeFi Technologies on Linkedin and Twitter, and for more details, visit Cautionary note regarding forward-looking information: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the pursuit by DeFi Technologies and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of DeFi Technologies, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of exchange traded product by exchanges; change in valuation of digital assets held by the Company; growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. SOURCE DeFi Technologies Inc.
Yahoo
16-06-2025
- Business
- Yahoo
Jim Cramer Says 'DeFi Technologies is a Pretty Volatile Name'
DeFi Technologies Inc. (NASDAQ:DEFT) is one of the . The company was mentioned during the episode, and here's what Mad Money's host had to say: 'Naturally, DeFi is a pretty speculative name, and that's putting it lightly. It's got a market capitalization of just over $1 billion. This one's barely big enough for me to even mention an air. On top of that, DeFi doesn't even have $1 billion in assets under management. Now, in management's defense, the company was profitable last quarter and doesn't have any meaningful debt. A close up of a person's hands interacting with a digital financial asset tracker. DeFi Technologies (NASDAQ:DEFT) develops exchange-traded products tied to decentralized finance protocols, provides digital asset management and liquidity services, engages in early-stage investments in the digital asset sector, and operates an arbitrage trading desk focused on low-risk opportunities. While we acknowledge the potential of DEFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
DeFi Technologies Inc (DEFT) Q1 2025 Earnings Call Highlights: Record Revenue and Strategic ...
Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. DeFi Technologies Inc (NASDAQ:DEFT) reported a record quarter with a net revenue of $62.7 million Canadian. The company has successfully launched 65 exchange-traded products (ETPs) across multiple jurisdictions and plans to expand to over 100 by the end of the year. DeFi Technologies Inc (NASDAQ:DEFT) has upgraded its revenue guidance from $227.2 million Canadian to $285.6 million Canadian for 2025. The acquisition of Stillman Digital has enhanced trading execution capabilities and is expected to contribute significantly to the bottom line. DeFi Technologies Inc (NASDAQ:DEFT) has a strong presence in Europe and the Nordics and is expanding into new markets such as the Middle East, East Africa, and Southeast Asia. The company's total assets declined from 1.3 billion Canadian to just over 1 billion Canadian due to volatility in crypto prices. Despite a positive net inflow of $72.4 million into ETP products, the company is still susceptible to volatile crypto prices. Reflexivity Research recorded a decrease in revenue compared to the previous year, earning $262,000 Canadian in Q1 2025. The Genesis loan is fully collateralized by 359 Bitcoin, which have been fully impaired, affecting the balance sheet. The company faces challenges in entering new markets due to regulatory hurdles and the need for significant investment in relationships and time. Warning! GuruFocus has detected 6 Warning Signs with DEFT. Q: Can you detail what areas of business drove your 2025 guidance higher? A: The main drivers were the base cash flow from our ETPs, which is dependent on market levels and inflows. The market has risen over 20%, increasing our earnings from staking, lending, and management fees by about 25%. Additionally, DeFi Alpha saw a positive shift due to a recent trade not previously in our pipeline, and we have more insight into upcoming trades. The higher AUM from market increases also contributed significantly. Q: Could you talk about new geographies for ETPs and any rough timing for specific regions? A: East Africa is the most mature in the process, with high-level government and regulatory engagement. Southeast Asia and some Gulf Coast countries are also in advanced discussions. While timing depends on regulatory approvals, we are working at the highest levels to ensure timely listings and access for local populations. Q: What do you see as the tangible benefits of DeFi Technologies uplisting to NASDAQ in terms of cost of capital and other metrics? A: Uplisting to NASDAQ enhances liquidity, visibility, and access to larger institutions, leading to a more efficient cost of capital. This will support potential acquisitions and other strategic initiatives, forming a unique shareholder base around our equity. Q: Can you provide an update on your plans to launch ETFs in the US via the partnership with Professional Capital Management? A: We are assessing the viability of entering the US market, considering the competitive landscape with established players like BlackRock and Fidelity. We aim to identify a specific market niche to avoid direct competition with these large institutions. Q: Can you provide an update on your current thinking around returning excess capital to shareholders via share repurchases or potentially instituting a dividend? A: We have utilized share buybacks opportunistically when our share price is undervalued. While we are a growth company and currently focus on reinvesting profits, the board may consider dividends in the future when we reach a comfortable revenue milestone. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
DeFi Technologies Inc. (DEFT) Beats Q1 Earnings and Revenue Estimates
DeFi Technologies Inc. (DEFT) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 60%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.04, delivering a surprise of -20%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. DeFi Technologies Inc. , which belongs to the Zacks Technology Services industry, posted revenues of $43.65 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 64.44%. This compares to year-ago revenues of $-3.65 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. DeFi Technologies Inc. Shares have added about 56.3% since the beginning of the year versus the S&P 500's gain of 0.1%. While DeFi Technologies Inc. Has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for DeFi Technologies Inc. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.09 on $40.76 million in revenues for the coming quarter and $0.32 on $153.32 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the top 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Sprinklr (CXM), is yet to report results for the quarter ended April 2025. This customer experience software developer is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +11.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Sprinklr's revenues are expected to be $201.89 million, up 3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sprinklr, Inc. (CXM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
12-05-2025
- Business
- Cision Canada
DeFi Technologies Begins Trading on Nasdaq, Announces Shareholder Call to Discuss Q1 2025 Financial Results
TORONTO, May 12, 2025 /CNW/ - DeFi Technologies Inc. (the " Company" or " DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance (" DeFi"), is pleased to announce that its common shares (the " Common Shares") will begin trading today on the Nasdaq Capital Market (" Nasdaq"). under the symbol "DEFT". Upon commencement of trading on Nasdaq, the Company's Common Shares will cease to be quoted on the OTC Markets. DeFi Technologies will continue to trade on the CBOE Canada (CBOE CA: DEFI) and the Börse Frankfurt exchanges (GR: R9B). The Nasdaq listing did not involve any capital raising activity as DeFi Technologies maintains a strong financial position of C$61.9M (US$44.7M) in cash, USDT, and other digital asset treasury holdings as of April 30, 2025. "This Nasdaq listing marks a historic moment—not just for DeFi Technologies, but for the broader digital asset industry. We are proud to be the first company of our kind to offer equity investors direct exposure to decentralized finance, institutional-grade trading infrastructure, and dozens of the world's most innovative digital assets. This milestone reinforces our commitment to making the decentralized economy more accessible to traditional investors." — Olivier Roussy Newton, CEO of DeFi Technologies The Company is also pleased to announce it will conduct a shareholder call on Tuesday, May 14, 2025, at 12:00 PM EST to discuss its financial performance for the three months ending March 31, 2025. IMPORTANT – To register for the webcast, see below: When: May 14, 2025 Time: 12:00 PM EST Topic: DeFi Technologies Q1 2025 Financial Results Register in advance for this webinar: After registering, you will receive a confirmation email containing information about joining the webinar. About DeFi Technologies DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA:DEFI) (GR: R9B) is a financial technology company bridging the gap between traditional capital markets and decentralized finance (DeFi). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour Inc., its subsidiary offering access to over 65 of the world's most innovative digital assets via regulated exchange traded products (ETPs); Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Neuronomics, which develops quantitative trading strategies and infrastructure; and DeFi Alpha, the company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the institutional gateway to the future of finance. Follow DeFi Technologies on Linkedin and X/Twitter, and for more details, visit DeFi Technologies Subsidiaries About Valour Valour Inc. and Valour Digital Securities Limited (together, " Valour") issues exchange traded products (" ETPs") that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit About Stillman Digital Stillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit About Reflexivity Research Reflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights. For more information please visit About Neuronomics AG Neuronomics AG is a Swiss asset management firm specializing in AI-powered quantitative trading strategies. By integrating artificial intelligence, computational neuroscience and quantitative finance, Neuronomics delivers cutting-edge solutions that drive superior risk-adjusted performance in financial markets. For more information please visit Cautionary note regarding forward-looking information: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the trading of the Common Shares on Nasdaq; the shareholder call; the pursuit by DeFi Technologies and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of DeFi Technologies, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of exchange traded product by exchanges; change in valuation of digital assets held by the Company; growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
