UPDATE: Longfin (LFIN) Reports Q1 EPS Loss of $0.10 on Revenues of $54.26M

Longfin (NASDAQ: LFIN) reported Q1 EPS Loss of $0.10. Revenue for the quarter came in at $54.26 million.

First Quarter 2018 Financial Results

Revenue

For the three months ended March 31, 2018, the Company reported revenue of $54 million. The Company’s revenue consists of the following:

• Physical Commodities
  • Revenue related to the sale of physical commodities to the Company’s customers was $53 million for the three months ended March 31, 2018.
• Technology
  • Technology revenue for the three months ended March 31, 2018 consists of $1.61 million and is comprised of fees paid by third parties for using our proprietary risk management and trading infrastructure technology.
• Other Revenue
  • Other revenue consists of incentive income received from exchanges that is recognized when earned.
• For earnings history and earnings-related data on Longfin (LFIN) click here.

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