01:00 PM EDT, 04/03/2024 (MT Newswires) -- WonderFi Technologies ( WONDF ) said Wednesday it is expecting first-quarter net revenue of C$18 million to C$18.8 million.

At the mid-point, this represents an increase of 42%, as compared with the fourth quarter of 2023.

WonderFi ( WONDF ) expects to generate positive EBITDA of $5.5 million to $6.5 million, and operating earnings of $3 million to $4 million on a consolidated basis for the quarter.

Cash and digital assets balance increased to more than $50 million as of March 31.

As of March 31, 2024, combined client assets under custody for Bitbuy and Coinsquare surpassed $1.5 billion.

The company's shares were last seen up C$0.005 to C$0.265 on the Toronto Stock Exchange