RocketFuel Blockchain Inc (OTCQB:RKFL) has announced record-breaking financial performance for its first quarter of 2023 with a 127% quarter-over-quarter increase in revenue to $235,459.
The global payments solution provider said its notable growth can be attributed to the acquisition of multiple large new customers, as well as the expansion of services provided to existing customers.
RocketFuel also pre-announced 2Q anticipated revenue of $765,000, a 225% sequential increase.
"Our ability to consistently more than double our revenue every quarter in our first six quarters of operation is a testament to the strength of our solutions and the trust our customers place in us," RocketFuel Blockchain CEO Peter Jensen said in a statement.
The company noted that it has a current estimated Annual Run Rate (ARR) of $3.5 million, attracting a customer base that includes five enterprise customers with revenues exceeding $1 billion.
RocketFuel added that its success is further bolstered by its enterprise-class infrastructure, capable of processing more than 273,000 payment transactions in a single quarter.
RocketFuel is a global payments solution company that provides online shoppers with a simple, easy-to-use, one-click checkout process that accepts payments with bank transfers, Bitcoin and more than 160 cryptocurrencies.
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