Tron founder Justin Sun, who we know with his extremely colorful personality in the cryptocurrency world, shared data about his group today. Accordingly, huge snowfall attracts attention. Let’s take a look at the details together.
Tron founder Justin Sun announces profit figures
Tron founder Justin Sun points out that the group’s actual revenue in the 3rd quarter was $202 million. Accordingly, he explains that his expenses are 104 million dollars. It says its quarterly profit was $98 million. It also makes forecasts for the fourth quarter. Accordingly, Justin Sun expects revenue of $190 million in the fourth quarter. Accordingly, it expects an expense of 88 million dollars and a profit of 104 million dollars.
Continuing his emphasis on the subject, Justin Sun points out that the third quarter is over and explains the targets for the new period. Accordingly, it indicates that the group’s measures to increase revenue and reduce costs continue. He points out that the measures they took at this point also bear fruit.
Emphasis on a difficult quarter for the sector
According to Tron founder Justin Sun, the entire third quarter was a challenging quarter for the industry. In response to the Federal Reserve’s high interest rates, overall industry income was in decline. However, Justin Sun points out that despite this difficult situation, they still maintain their revenue growth rate. According to Sun, the crypto market in general will recover in the fourth quarter.
He emphasizes that they are optimistic about the fourth quarter. On the other hand, he states that his expectations regarding revenue forecasts are still relatively cautious. That’s why the Tron founder points out that the financial performance in the fourth quarter is worth looking forward to. He also points out that the incoming data may significantly exceed his expectations.
Emphasis that the harshest winter is behind us
Regarding the future forecast of the industry, Tron founder Justin Sun’s expectations are quite optimistic. Accordingly, he thinks that the harshest winter is behind us. It is worth noting that they are in the background of the Bitcoin ETF about to be adopted. He also points to the fourth quarter of this year and the first quarter of next year, stating that this time period will be a crypto spring. Justin Sun expresses his full belief that the improvement in general financial indicators continues.
When we look at Kriptokoin.com, Tron founder Justin Sun states that these indicators are an operational indicator of the group’s financial situation. He also points out that it doesn’t include investment profits and losses. The quarter saw a sharp rise in the share prices of the group’s investment-related companies such as Luckin Coffee and other companies, he says. He also points out that this investment provides good returns.
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