DigitalX Limited Q3 FY2023 Earnings Call

· Earnings call transcript and AI-powered summary

  • Quarter Period: January to March 2023
  • Company Focus: DigitalX is a "techfin" company merging finance and technology, aiming for transparency, ESG alignment, and sustainable financial returns.

Financial and Operational Highlights

  • Revenue Performance:
    • Sell My Shares Revenue: AUD $544,000 – Record brokerage revenue for the quarter, demonstrating 20% of revenue from the newly established Deceased Estates business (a strategic focus area).
    • Funds Performance:
      • Bitcoin Fund: +69% performance QoQ.
      • DigitalX Fund: +47% performance QoQ.
  • Operational Efficiency: Significant reduction in report turnaround time from 23 days to within first business week; implementation of formalized internal financial hurdle system ("economic engine").
  • Cost Control: Refined budget processes including real-time budget tracking, ROI evaluation, and stricter invoice authorization.

Strategic Partnerships

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Unidentified Company Representative: Hello, everyone, and welcome to the March 2023 Quarterly Investor Webinar of DigitalX. My name is Antonio Sherry [ph], I'm the Head of Marketing for DigitalX, and I'll be the host for today's session. Before we begin, I'd like to start by acknowledging the Gadigal people, the traditional custodians of the land on which I'm on right now, and pay my respects to their elders, past, present and emerging. Over the next 30 minutes, DigitalX's Chief Executive Officer, Lisa Wade will take you through our strategy, our highlights for the January to March quarter, our quarterly business activity, an update on our corporate activity and our outlook for the next quarter. Please note that this session is being recorded, and we will circulate the recorded version to you all afterwards. We have quite a lot to get through and although questions are welcome. Can you please post them in the chat related to respond to at the end of the session. If we run out of time for all questions during the presentation, we'll provide responses over e-mail afterwards. So with that said, I'll hand over to our Chief Executive Officer, Lisa Wade. Lisa Wade: Thanks very much, Antonio, and welcome, everybody. I do believe this is our third quarterly webinar that we've done, and I'm super excited to be coming to you today to report the results and to discuss the outlook. Just a little recap on who DigitalX is we are a transparent investment -- we run transparent investment man

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