Cryptyde, Inc. Announces Quarterly Results and Operational Update
August 19 2022 - 4:20PM
Cryptyde, Inc., or the Company, (NASDAQ: TYDE) a company offering
comprehensive, scalable Web3 services utilizing blockchain
technologies, NFTs, Smart Contracts, Metaverse and Crypto,
announced financial results for the three and six months ended June
30, 2022. The financial statements are available in the Company’s
Quarterly Report on Form 10-Q for the period ended June 30, 2022,
filed with the Securities and Exchange Commission on August 19,
2022.
“We are excited with where we are in such a
short period of time operating as an independent company,” said
Brian McFadden, President and CEO of Cryptyde, Inc. “We continued
to make significant progress with our ambitious growth initiatives
within our core verticals over the last quarter and look to
continue that momentum forward.” added McFadden.
About Cryptyde
Cryptyde, Inc. (Nasdaq: TYDE), is focused on
leveraging blockchain technologies to disrupt consumer facing
industries. http://www.cryptyde.com/
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. All statements in this press release other than
statements of historical fact could be deemed forward looking,
including, but not limited to, the statements regarding the
spin-off of the Company from Vinco Ventures, Inc. Words such as
“plans,” “expects,” “will,” “anticipates,” “continue,” “expand,”
“advance,” “develop” “believes,” “guidance,” “target,” “may,”
“remain,” “project,” “outlook,” “intend,” “estimate,” “could,”
“should,” and other words and terms of similar meaning and
expression are intended to identify forward-looking statements,
although not all forward-looking statements contain such terms.
Forward-looking statements are based on management’s current
beliefs and assumptions that are subject to risks and uncertainties
and are not guarantees of future performance. Actual results could
differ materially from those contained in any forward-looking
statement as a result of various factors, including, without
limitation: risks and uncertainties regarding achievement of the
expected benefits of the Company’s spin-off from Vinco Ventures,
Inc.; tax treatment of the spin-off; market and other conditions;
the risks that the ongoing COVID-19 pandemic may disrupt the
Company’s business more severely than it has to date or more
severely than anticipated; the inability to develop the planned
infrastructure for Cryptyde to offer Bitcoin mining services,
unexpected costs, charges or expenses that reduce the Company’s
capital resources; the Company’s inability to raise adequate
capital to fund its business; the Company’s inability to innovate
and attract users for the Company’s products; future legislation
and rulemaking negatively impacting digital assets; and shifting
public and governmental positions on digital asset mining activity.
Given these risks and uncertainties, you are cautioned not to place
undue reliance on such forward-looking statements. For a discussion
of other risks and uncertainties, and other important factors, any
of which could cause the Company’s actual results to differ from
those contained in the forward-looking statements, see the
Company’s filings with the Securities and Exchange Commission
(SEC), including the section titled “Risk Factors” in the Company’s
Registration Statement on Form 10, as amended, filed with the SEC
on May 13, 2022, and the Company’s Registration Statement on Form
S-1, filed with the SEC on August 12, 2022. All information in this
press release is as of the date of the release, and the Company
undertakes no duty to update this information or to publicly
announce the results of any revisions to any of such statements to
reflect future events or developments, except as required by
law.
For further information, please contact:
Investor RelationsRichard
Brown617-819-1289investors@cryptyde.com
Crptyde (NASDAQ:TYDE)
Historical Stock Chart
From Apr 2024 to May 2024
Crptyde (NASDAQ:TYDE)
Historical Stock Chart
From May 2023 to May 2024