Technology

Metalpha Reports Fiscal Year 2023 Financial Results

Published

2 years ago

February 16, 2024

HONG KONG, Feb. 15, 2024 /PRNewswire/ — Metalpha Technology Holding Limited (Nasdaq: MATH) (the “Company” or “Metalpha”), a global digital asset-based wealth management company, announced financial results for the fiscal year ended March 31, 2023 (the “FY 2023”). The Company reported the notional amount of derivative products issued of $382 million under its wealth management business arm, which generated fiscal-year income of $5.7 million. The adjusted loss of the Company in FY 2023 was about $0.7 million.

The Company recorded strong year-over-year growth driven by its wealth management business, a key pillar of its operations and revenue model. The Company designs and issues derivative products for institutions and professional investors and recognizes the fair value change of (i) trading of digital assets and derivative contracts and (ii) investment in trusts as income from our wealth management business.

Metalpha prides itself on being one of the world’s largest digital asset-based derivative trading firms. The notional amount of derivative products issued in FY 2023 was $382 million compared to only $49 million in the fiscal year ended March 31, 2022 (the “FY 2022”). The income from the wealth management business jumped from $0.1 million in FY 2022 to $5.7 million in FY 2023.

Metalpha aims to provide qualified investors with high-quality product design and trading capabilities and is committed to delivering structured derivative products to cryptocurrency market participants.

“We are pleased to see strong demand for customized products and earn high customer satisfaction. The fast growth of our wealth management business indicates the market’s confidence in our business approach. We strive to design products and services with compliance at the core. In the new year, we are confident about the improving market conditions which could lead to stronger demand for our derivative product subscriptions.

At the company level, we aim to maintain a high growth rate and significantly lower expenses as our business scale expands. We will also continue to innovate and diversify our business offerings in a bid to expand our market share in Asia,” said Adrian Wang, President of Metalpha.

FINANCIAL HIGHLIGHTS

Notional Amount of Derivative Products Issued

FY 2022

FY 2023

Notional Amount of Derivative Product Issued

49 million

382 million

Income from Wealth Management Business

FY 2022

FY 2023

Income from Wealth Management Business

0.1 million

5.7 million

Adjusted Loss to the Company

FY 2022

FY 2023

Loss of the Year

(14,428,033)

(20,167,351)

Add: Equity-settled share-based payments under share award scheme

1,468,800

1,045,315

Add: Share purchase warrants expenses

6,063,086

10,176,995

Add: Total loss from discontinued operation

3,193,385

8,248,013

Adjusted Loss

(3,702,762)

(697,028)

The Company filed its annual report on Form 20-F for the FY 2023 (the “2023 Annual Report”) with the U.S. Securities and Exchange Commission on February 12, 2024. The 2023 Annual Report included audited financial statements for the FY 2023. The 2023 Annual Report is available online at www.sec.gov.

About Metalpha Technology Holding Limited

Founded in 2015, Metalpha Technology Holding Limited (NASDAQ: MATH) went public on October 20, 2017. The listed Company is dedicated to providing investing and wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, the Company aims to become a leader in the field of crypto wealth management services, bringing robust innovation and transparency to the customers and businesses it serves.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause Metalpha’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

Non-IFRS Financial Measure

The Company uses adjusted loss for the period, which is a non-IFRS financial measure, in evaluating its operating results and for financial and operational decision-making purposes. Metalpha believes that adjusted loss helps identify underlying trends in the Company’s business that could otherwise be distorted by the effect of certain expenses that the Company includes in its loss for the period. Metalpha believes that adjusted loss for the period provides useful information about its results of operations, enhances the overall understanding of its past performance and future prospects and allows for greater visibility with respect to key metrics used by its management in its financial and operational decision-making.

Adjusted loss for the period should not be considered in isolation or construed as an alternative to loss for the period or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review adjusted loss for the period and the reconciliation to its most directly comparable IFRS measure. Adjusted loss for the period presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company’s data. Metalpha encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

Adjusted loss for the period represents profit for the period excluding (i) equity-settled share-based payments under the Company’s share award scheme, (ii) share purchase warrants expenses (i.e. expenses in relation to the issuance of warrants to certain consultants, employees and business partners); and (iii) loss from discontinued operation.

The table captioned “Reconciliations of Non-IFRS Measure to the Nearest Comparable IFRS Measure” included at the end of this announcement contains a full reconciliation of adjusted loss for the period to loss for the period.

Media Contact

Yiwei Wang
info@metalpha.finance

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SOURCE Metalpha Technology Holding Limited

Technology

Nelnet Campus Commerce Named Top Higher Education Payment Solutions Provider by Education Technology Insights

Published

40 minutes ago

May 5, 2026

LINCOLN, Neb., May 5, 2026 /PRNewswire/ — Nelnet Campus Commerce, a division of Nelnet, Inc. (NYSE: NNI), announced it has been named Top Higher Education Payment Solutions Provider for 2026 by Education Technology Insights, a leading education technology publication. The recognition highlights payment providers making a measurable impact on how colleges and universities manage, process, and protect student-facing financial transactions.

This designation marks the second time in three years that Nelnet Campus Commerce has been honored by the Education Technology Insights publisher family. In 2023, sister publication Enterprise Security Magazine named Nelnet Campus Commerce a Top Payment Security Solutions Provider, reinforcing the company’s sustained focus on building secure, fully integrated payment technology for higher education.

Education Technology Insights is a monthly print and digital publication reaching more than 127,000 qualified subscribers. Honorees are selected through a structured evaluation process that includes subscriber nominations, editorial research, and review by an industry advisory panel.

For nearly 25 years, Nelnet Campus Commerce has maintained the highest levels of payment security and compliance in higher education, including Payment Card Industry (PCI) Level 1 validation, Point-to-Point (P2PE) Encryption, Family Educational Rights and Privacy Act (FERPA) compliance, and Nacha (the electronic payments association) Verified status. These credentials, combined with deep integrations across all major Enterprise Resource Planning (ERP) systems, have made Nelnet Campus Commerce a trusted partner for more than 1,100 higher education institutions navigating an increasingly complex payments landscape.

“Being recognized by Education Technology Insights, and by the same publisher that recognized our payment security leadership in 2023, reflects the sustained commitment our team brings to this work every day,” said Jackie Strohbehn, President of Nelnet Campus Commerce. “Higher education institutions deserve platforms that are not only flexible and intuitive for students and payers, but fundamentally secure. This recognition affirms that we are delivering on both, and we are grateful to our partner institutions who trust us to support their students and operations.”

The full editorial profile of Nelnet Campus Commerce is available on the Education Technology Insights website.

About Nelnet Campus Commerce
Nelnet Campus Commerce delivers unlimited payment opportunities across campus. Solutions use the latest technology to create a unique and integrated payment experience for more than 1,100 higher education institutions across the country. The intuitive and secure solutions are PCI Level 1 validated and integrate with every major ERP system. From payment processing and refunds to tuition payment plans and online storefronts, Nelnet Campus Commerce helps process every payment on campus. For more information, visit CampusCommerce.com.

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SOURCE Nelnet Campus Commerce

Technology

Cboe Global Markets Reports Trading Volume for April 2026

Published

40 minutes ago

May 5, 2026

CHICAGO, May 5, 2026 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity derivatives, today reported April trading volume statistics across its global business lines.

The data sheet “Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report” contains an overview of certain April trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines.

Average Daily Trading Volume (ADV) by Month

Year-To-Date

Apr

2026

Apr

2025

Chg

Mar
2026

%
Chg

Apr

2026

Apr

2025

%
Chg

Multi-listed options (contracts, k)

14,374

13,260

8.4 %

14,203

1.2 %

14,051

13,372

5.1 %

Index options (contracts, k)

6,257

5,087

23.0 %

6,876

-9.0 %

6,167

4,853

27.1 %

Futures (contracts, k)1

222

309

-28.0 %

338

-34.1 %

268

265

1.1 %

U.S. Equities – On-Exchange (matched shares, mn)

1,677

2,118

-20.8 %

2,048

-18.1 %

1,890

1,765

7.1 %

U.S. Equities – Off-Exchange (matched shares, mn)

220

125

75.7 %

240

-8.4 %

242

100

142.8 %

Canadian Equities (matched shares, k)

195,488

170,517

14.6 %

203,135

-3.8 %

210,630

162,357

29.7 %

European Equities (€, mn)

16,624

17,410

-4.5 %

18,629

-10.8 %

17,122

14,684

16.6 %

Australian Equities (AUD, mn)

1,125

1,047

7.4 %

1,318

-14.7 %

1,181

873

35.3 %

Global FX ($, mn)

57,873

65,340

-11.4 %

79,865

-27.5 %

67,171

55,398

21.3 %

Cboe Clear Europe Cleared Trades (k)

141,289

167,213

-15.5 %

169,513

-16.7 %

576,006

579,285

-0.6 %

Cboe Clear Europe Net Settlements (k)

1,285

1,099

16.9 %

1,431

-10.2 %

5,216

4,300

21.3 %

1 In the second quarter of 2025, Digital futures products were transitioned to Cboe Futures Exchange. Futures metrics prior to the second quarter of 2025 exclude Digital futures products.

April 2026 Trading Volume Highlights

U.S. Options

Cboe’s proprietary index options set a single-day record on April 14 with 9.0 million contracts traded.S&P 500 Index (SPX) options set a single-day record on April 17 with 6.7 million contracts traded.Several areas across the business saw the second-highest monthly ADV on record, including Cboe’s proprietary index options (6.3 million), SPX options (5.0 million), mini-SPX options (XSP) (188 thousand contracts), and trading during Cboe’s Global Trading Hours (GTH) session (8:15 p.m. to 9:25 a.m. ET) (175 thousand contracts).

About Cboe Global Markets

Cboe Global Markets (Cboe: CBOE) is a leading global markets operator with a long history of innovation in equity derivatives. Since launching the world’s first listed options exchange in 1973, Cboe has pioneered landmark products, including the introduction of S&P 500® index options and the creation of the VIX® Index, the world’s leading gauge of market volatility, reshaping how investors manage risk and access opportunity. Today, Cboe operates derivatives, equities, and FX markets, providing trading, clearing, and investment solutions for customers worldwide. To learn more, visit www.cboe.com.

Cboe Media Contacts

Cboe Analyst Contact

Angela Tu

Tim Cave

Kenneth Hill, CFA

+1-646-856-8734

+44 (0) 7593-506-719

+1-312-786-7559

atu@cboe.com

tcave@cboe.com

khill@cboe.com

CBOE-V

Cboe®, Cboe Global Markets®, Cboe Clear®, Cboe Futures Exchange®, CFE®, Cboe Volatility Index®, and VIX® are registered trademarks of Cboe Exchange, Inc. or its affiliates. Standard & Poor’s®, S&P®, SPX®, and S&P 500® are registered trademarks of Standard & Poor’s Financial Services, LLC, and have been licensed for use by Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

Any products that have the S&P Index or Indexes as their underlying interest are not sponsored, endorsed, sold or promoted by Standard & Poor’s or Cboe and neither Standard & Poor’s nor Cboe make any representations or recommendations concerning the advisability of investing in products that have S&P indexes as their underlying interests. All other trademarks and service marks are the property of their respective owners.

Cboe Global Markets, Inc. and its affiliates do not recommend or make any representation as to possible benefits from any securities, futures or investments, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with S&P. Investors should undertake their own due diligence regarding their securities, futures, and investment practices. This press release speaks only as of this date. Cboe Global Markets, Inc. disclaims any duty to update the information herein.

Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities or futures in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.

Cboe Global Markets, Inc. and its affiliates make no warranty, expressed or implied, including, without limitation, any warranties as of merchantability, fitness for a particular purpose, accuracy, completeness or timeliness, the results to be obtained by recipients of the products and services described herein, or as to the ability of the indices referenced in this press release to track the performance of their respective securities, generally, or the performance of the indices referenced in this press release or any subset of their respective securities, and shall not in any way be liable for any inaccuracies, errors. Cboe Global Markets, Inc. and its affiliates have not calculated, composed or determined the constituents or weightings of the securities that comprise the third-party indices referenced in this press release and shall not in any way be liable for any inaccuracies or errors in any of the indices referenced in this press release.

There are important risks associated with transacting in any of the Cboe Company products discussed here. Before engaging in any transactions in those products, it is important for market participants to carefully review the disclosures and disclaimers contained at: https://www.cboe.com/us_disclaimers/.

Options involve risk and are not suitable for all market participants. Prior to buying or selling an option, a person should review the Characteristics and Risks of Standardized Options (ODD), which is required to be provided to all such persons. Copies of the ODD are available from your broker or from The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606.

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SOURCE Cboe Global Markets, Inc.

Technology

Danaher Announces Quarterly Dividend

Published

40 minutes ago

May 5, 2026

WASHINGTON, May 5, 2026 /PRNewswire/ — Danaher Corporation (NYSE: DHR) announced today that its Board of Directors has approved a regular quarterly cash dividend of $0.40 per share of its common stock, payable on July 31, 2026 to holders of record on June 26, 2026.

ABOUT DANAHER
Danaher is a leading global life sciences and diagnostics innovator, committed to accelerating the power of science and technology to improve human health. Through our connected ecosystem of industry-leading businesses, we work side by side with customers to solve many of their most complex scientific and clinical challenges—helping move innovations from discovery to delivery faster for patients who depend on them.

Powered by the Danaher Business System, our advanced science and technology and proven ability to innovate help enable faster, more accurate diagnoses and reduce the time, cost, and risk required to discover, develop, and deliver life-changing therapies. Through continuous improvement and operational excellence, our approximately 60,000 associates worldwide are focused on delivering lasting impact and improving quality of life around the world, while building a healthier, more sustainable tomorrow. Explore more at www.danaher.com.

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SOURCE Danaher Corporation