Important factors that could cause actual results to differ materially from BIGG’s expectations include consumer sentiment towards BIGG’s products and Cryptocurrency, Blockchain and Metaverse technology generally, technology failures, the lack of demand for the company’s products and services, fluctuations in the price of cryptocurrency, the ability to successfully define, design, and release new products in a timely manner that meet customers’ needs; the ability to attract, retain, and motivate qualified personnel; competition in the industry; the ability to obtain and/or maintain licences, permits and approvals that are necessary to operate the business; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; increase in costs and expenses; the dependence on key personnel; competition; the demand and pricing of cryptocurrencies and NFTs (including digital assets); litigation; security threats, including a loss/theft of NFTs, cryptocurrencies, and other assets; and failure of counterparties to perform their contractual obligations.
These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the ability to manage operating expenses, which may adversely affect the Company’s financial condition, the ability to remain competitive as other better financed competitors develop and release competitive products, volatility in the trading price of the common shares of the Company, the demand and pricing of cryptocurrency, the Company’s ability to successfully define, design and release new products in a timely manner that meet customers' needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; and other factors, many of which are beyond the control of BIGG.
All figures are in Canadian Dollars (CAD) unless otherwise noted.2024 Highlights: Gross operating revenue of $12.43M (2023 - $6.5M), comprising $10.56M for Netcoins, $1.67M for Blockchain Intelligence Group and $0.2 for TerraZero Netcoins revenues were $10.56M (2023 - $4.99M), up 112% year over year (YoY), and its margin rate was down at 1.26% (2023 - 1.82%) based on gross trading volume of $831M (2023 - $288M) Q4 2024 transactional revenues increased by 112% over Q3 2024 and 106% over the comparative Q4 2023 period, marking a positive market shift largely driven by the price appreciation of Bitcoin (BTC)Netcoins active users totalled approximately 42,406 (2023 - 32,566), an increase of 30% YoY.
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