Exodus Reports Revenue Decline in First Quarter

Exodus has announced its financial results for the first quarter, revealing a revenue of $22.7 million, which marks a 37% decrease compared to the same period last year. According to NS3.AI, the company attributed this decline primarily to a 40.8% reduction in revenue from its integrated exchange services. Additionally, Exodus reported a net loss of $32.1 million, a significant increase from the $12.9 million loss recorded in the first quarter of the previous year.