DigitalX Limited Q4 FY2022 Earnings Call

· Earnings call transcript and AI-powered summary

DigitalX December 2022 Quarterly Investor Webinar Summary

Overview
  • CEO: Lisa Wade conducted DigitalX’s second quarterly investor webinar.
  • Core Focus: Strategic simplification aimed at reducing costs, growing revenues, and aligning organizational resources to scalable opportunities.
Key Financial Highlights
  • Sell My Shares Revenue: Achieved a record quarter. Revenues grew 33% QoQ (compared to September 2022 quarter).
  • Revenue Streams: Significant contributions from deceased estates (27% in November, 20% in December) and emerging growth from same day settlement (T+0).
  • Overall Recurring Revenue: Increased by 20% over previous quarter.
  • Cost Reduction: Down 36% compared to September 2022 quarter. Driven by organizational transformation and operational discipline.
  • Profitability Pathway: On track, emphasizing sustainable cost reduction and revenue growth with a target of an additional 10–15% cost reduction.
Digital Asset Fund Performance
  • Bitcoin Fund: Down -18.8% in December quarter.

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Operator: Okay, everyone. We have got a good forum to get started today. So welcome to the DigitalX December 2022 Quarterly Investor Webinar. Thank you for joining us this afternoon. Just a few housekeeping items before we get started today. If you have any questions, please direct them into the Q&A box and we’ll endeavor to answer those at the end of the session. The session will be 30 minutes. We do welcome as many questions as possible. If we can’t ask them today, we will reach out to you. I’d like to introduce the CEO of DigitalX, Lisa Wade to take us through the webinar today. Thank you, Lisa. Lisa Wade: Thanks, Liz and hi everybody. Well, I am super excited. This is as you probably all know our – only our second ever quarterly webinar. So thank you for joining us today. I wanted to start by acknowledging the traditional owners of the land, the Gadigal people of the Eora Nation and elder’s past, present and future and thank them very much for the land on which we work and live. We might just jump straight into the webinar. From there, usual disclaimers and obviously, this is the DigitalX webinar and we are an investment management company creating transparent investment management at the intersection of technology and finance. Next slide, please. So today, we thought we would start just by running over the strategy slides again and I am just getting really clear on the benchmark and the measurements that the leadership team and management team use. Firstly, we are aiming

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