SMART VALOR Publishes Q1 Report for 2022

The first quarter of 2022 has been a historical period for our company. We accomplished a lot and achieved our main goals in this quarter, which were: 

• We successfully closed our IPO transaction on Nasdaq First North;
• We signed a partnership with a Swiss bank, our first B2B customer;
• We continued to grow our customer base and kept our financial performance within a healthy boundary despite a challenging crypto market environment. 

These achievements were accompanied by building up the organization and achieving significant financial results. Our revenues reached CHF 2.5 million in the first quarter of 2022, which is 8.7% higher than average quarterly revenues during the previous year. Operating profit in the quarter was CHF 600,363, while Net profit was CHF 126,828.

The first quarter of 2022 (compared to the first quarter of 2021):

• Revenues decreased to CHF 2,459,889 (CHF 3,284,299)
• EBITDA amounted to CHF 600,363 (CHF 1,943,444)
• Net profit for the period was 126,878 (CHF 1,943,444)
• Earnings per share amounted to CHF 0.01 (CHF 0.03)

On the retail business side, we managed to further grow the user numbers. As per the 31^st of March 2022 the number of signed-up users reached 45,600, up 46% from 31,289 in Q1 2021. SMART VALOR followed this trend, with CHF 33.5 million in transactions executed on the platform. The total transaction volume increased by 116% compared to the first quarter in the previous year and the number of executed orders increased by 45%.

"Overall, the management team and the board view the result of the first quarter as positive and goals as achieved despite the shift to the negative dynamic in the crypto and stock markets which happened during this time. This is a great achievement for our team and our company and we would like to express gratitude to all of our stakeholders in making this possible" said Oliver Feldmeier, CEO of SMART VALOR.