RocketFuel Blockchain pre-announces impressive 3Q revenue growth

3 views 4:37 am 0 Comments February 16, 2024

RocketFuel Blockchain Inc (OTCQB:RKFL) saw significant growth during the fiscal third quarter as it expanded its customer base, with revenue growing 24 times over the year-ago quarter’s $42,000 to $646,000.

Pre-announcing its fiscal 3Q results for the three months ended December 31, 2023, the company attributed its revenue growth to new product launches, the acquisition of multiple large new customers, and increased adoption of its products by existing clients and partners.

It said this combination has driven average revenue growth of 100% quarter over quarter for the last seven quarters.

For the calendar year 2023, RocketFuel said it processed 525,000 transactions across about 125,000 customers.

“We have a healthy pipeline and we feel good about continuing our pattern of doubling our revenue on average every quarter, driven by new products, customers, and adoption as long as there are no major unexpected challenges,” RocketFuel CEO Peter Jensen said in a statement.

The company will be hosting an investor call on Thursday, February 15, 2024, at 1.30 pm Eastern Time to discuss its fiscal 3Q revenue pre-announcement.

Investors can access the call by dialling +1 720 707 2699 and inputting the meeting ID 81959604733 and passcode 252944 or online here.

RocketFuel is a leading provider of payment processing solutions, offering innovative and secure services to businesses of all sizes.