The INX Digital Company Reports Net Income of Q1 2022 at $111.5M

The INX Digital Company, Inc., which is owned by the INX Group and operates digital asset trading platforms, a broker-dealer, and an inter-dealer broker, has released its financials for Q1 2022 ended March 31, highlighting that its quarterly net income reached $111.5M.

The company stated that its targeted goals for this period have been achieved. Other key financial metrics are as follows:

• INX equity shares have been listed on the NEO Canadian Exchange on Jan 24th, 2022.

• Cash and cash equivalents stood at $46.6M.

• The company has witnessed growth in new registrations on the INX platforms, with a total of 17,674.

• The revenue came in at $1.6M, mainly contributed by brokerage fees.

• ​The net cash for operating activities was $3.9M.

"The year has started out strong for INX with excellent momentum across all our business segments. Our performance for the quarter is a testament to the public's need and desire for a regulated environment for cryptocurrency and digital securities trading. The INX community has grown significantly as both token and equity holders join us in implementing our vision of a digital future. With multiple new hirings and considerable updates to our technology and capabilities, we continue to execute the objectives we have committed to and fulfill our mission of pioneering a new tokenized economy,"  said Shy Datika, CEO.