Riskified (RSKD) Q3 Earnings and Revenues Surpass Estimates
Riskified (RSKD) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.02 per share a year ago.
Riskified: A Compelling Valuation Emerges Following The Recent Sell-Off (Rating Upgrade)
Shares have fallen more than 20% since Q2 results were released. Full-year revenue guidance was lowered, while adjusted EBITDA guidance was raised due to operating leverage in the business. The company is profitable and has a strong balance sheet, which management is leveraging to repurchase shares aggressively.
Riskified Ltd. (RSKD) Q2 2024 Earnings Call Transcript
Riskified Ltd. (NYSE:RSKD ) Q2 2024 Earnings Conference Call August 14, 2024 8:30 AM ET Company Participants Chett Mandel - Head, Investor Relations Eido Gal - Co-Founder and CEO Aglika Dotcheva - Chief Financial Officer Conference Call Participants Owen Callahan - Barclays Ryan Tomasello - KBW Cris Kennedy - William Blair Terry Tillman - Truist Timothy Chiodo - UBS Reggie Smith - JPM Clark Wright - D.A.
Riskified (RSKD) Surpasses Q2 Earnings and Revenue Estimates
Riskified (RSKD) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to break-even earnings per share a year ago.
Riskified: Strong Value Proposition, Large TAM; Multiple Expansion Likely
RSKD is recommended as a buy due to its focus on reducing fraud costs for e-commerce merchants and the potential for growth in the global e-commerce market. Fraud is a major challenge in the e-commerce space, impacting merchants' revenue and customer experience. RSKD's AI-powered fraud solution platform helps merchants approve orders, reducing fraud costs and improving customer satisfaction.
