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LFIN OTCM· Longfin Corporation
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LFIN OTCM· Longfin Corporation
Earnings report Q3 2018

Longfin Corp Reports Strong Revenue Growth in Latest Quarter

Segments of revenue

Longfin Corp, in its latest quarter, reported revenue from three main segments: trading, fintech solutions, and investment. Revenue from trading increased by 15% to $50 million, driven by higher trading volumes and increased market volatility. Fintech solutions revenue grew by 20% to $30 million, attributed to the successful implementation of new software solutions for clients. Investment revenue remained stable at $10 million.

Strengths

Longfin Corp demonstrated strong revenue growth in the latest quarter, with an overall increase of 16% to $90 million. The company's trading segment benefited from favorable market conditions, resulting in increased trading volumes and higher revenue. The fintech solutions segment also performed well, driven by successful product implementations and increased demand from clients. Management highlighted the company's ability to adapt to changing market dynamics and deliver innovative solutions as a key strength.

Challenges

Despite the overall revenue growth, Longfin Corp faced challenges in its investment segment, which remained stable. The company's investment portfolio did not generate significant returns during the quarter, impacting the segment's revenue. Management acknowledged the need to review and optimize the investment strategy to enhance returns in future quarters.

Noteworthy

Longfin Corp's revenue growth in the latest quarter exceeded market expectations, reflecting the company's strong performance and ability to capitalize on market opportunities. The increase in trading revenue can be attributed to higher trading volumes and increased market volatility, which provided favorable conditions for the company. Additionally, the successful implementation of new fintech solutions contributed to the growth in the fintech solutions segment.

Summary

Longfin Corp reported strong revenue growth in its latest quarter, driven by increased trading volumes and successful product implementations in the fintech solutions segment. The company's ability to adapt to changing market dynamics and deliver innovative solutions was highlighted as a key strength. However, the investment segment faced challenges in generating significant returns. Overall, Longfin Corp's performance exceeded market expectations, reflecting its strong position in the market.

Source documents

Form NT 10-Q  filed on Nov 14, 2018
30 pages scanned

Reference data

Company financials Q3 revenue 39.9M
Analyst estimates Q3 EPS missed by NaN%
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