Liquid Meta Reports Q1 2023 Financial Results – QNT Press Release

TORONTO, Oct. 17, 2022 /PRNewswire/ – Liquid Meta Capital Holdings Ltd. (“Liquid Meta” or the “Company“) (NEO: LIQD) (FRANKFURT: N5F) (OTCQB:LIQQF) 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 ending August 31, 2022.

All dollar figures are in United States dollars (“USD”), unless otherwise stated.

Q1 2023 Highlights
  • Quarterly net revenues of $200,748
  • Total Reward Tokens, Staking, and Trading Fee revenues of $421,440 for the three months ended August 31, 2022
  • Net loss, of $831,922largely due to higher General and Administrative and Professional Service Fee Costs, resulting in a net loss per share of $0.02.
  • Excluding non-cash Share Based Compensation expense of $322,042Net loss would have been $509,890 or $0.01 per share.
  • Total Shareholders’ Equity of approximately US$21.0 M (CAD$29.0 M) or US$0.40 (CAD$0.54) per share
  • Deployed capital across 10 blockchains, 31 different decentralized platforms and 5 different strategies
  • Incorporated direct node integration to 7 different blockchains on our search engine. Blockchains include EthereumBinance Smart Chain, Polygon, Avalanche, Fantom, Solana, Arbitrum.
  • Completion of the first phase of technology development: multi chain auditing software capabilities, enabling automatic capture of transactions for record keeping, financial performance, and auditing purposes across blockchains, decentralized applications and liquidity pools (LP’s)
  • The multi chain auditing software represents a key component of the platform Liquid Meta is building, which will facilitate the way institutions …

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