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

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Longfin Corp. Reports First Quarter 2018 Financial Results

May 21, 2018 4:00 PM EDT

New York, May 21, 2018 (GLOBE NEWSWIRE) --

New York, May. 21, 2018 (GLOBE NEWSWIRE) -- Longfin Corp. (Longfin or the Company) (LFIN), a global FinTech company, today released its financial results of the first quarter ended March 31, 2018.

First Quarter 2018 Financial Results

Revenue

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

Physical Commodities

Revenue related to the sale of physical commodities to the Companys customers was $53 million for the three months ended March 31,... More