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Voyager Therapeutics (VYGR) Reports Q3 Revenues Beat; Revenues 'Up Over 16x' from 2Q21

May 25, 2021 4:22 PM

Voyager Therapeutics (NASDAQ: VYGR) reported Q3 EPS of $. Revenue for the quarter came in at $60.4 million versus the consensus estimate of $6.38 million.

Voyager reported another record quarter, with momentum continuing in the fiscal fourth quarter to date.

"Voyager reported another record period with strong third quarter results. This momentum has continued into our fiscal 2021 fourth quarter to date, as we continue to see an acceleration in all of our key metrics," said Steve Ehrlich, Voyager's CEO and Co-founder. "It is clear that Voyager's strategy to be the most consumer friendly, transparent, and easy-to-use platform with leading offerings of altcoins and interest-yielding assets has gained significant market share. Our focus on a wide range of coins has contributed to a long-term economic model with fiscal third-quarter operating margins increasing to 50%. Given our success to date, we anticipate that our operating margin should continue to scale in future periods."

During the fiscal 2021 third quarter, Voyager continued to make significant upgrades to its systems infrastructure and staff with a focus on platform security, scalability and customer support. Since calendar year end, the Company has increased its headcount by approximately 4x in support of these initiatives and Voyager's rapid growth.

Mr. Ehrlich continued, "In the March quarter, we saw exponential adoption of cryptocurrencies as a recognized and investable asset class, which translated into significant growth for Voyager. The U.S. market continues to outperform given our compelling and competitive differentiation. The management team is committed to continuing our strong execution, even as we expand our international market reach. Our team is extremely proud of what we have accomplished to date."

For earnings history and earnings-related data on Voyager Therapeutics (VYGR) click here.

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