Forge Global dips after bigger-than-expected Q4 loss

Forge Global Holdings

27/03/2024 10:44

** Shares of private securities marketplace Forge Global
 FRGE.N  fall ~12.1% to $2.33 premarket
    ** FRGE, after the bell on Weds, posts Q4 loss of 15
cents/shr, missing analysts' est of 10 cents/shr -LSEG data
    ** FRGE Q4 rev of $19.1 mln also missed estimates of $19.6
mln
    ** Co's FY 2023 trading volumes slumped 37%, hurt by rate
hikes, banking crisis, geopolitical uncertainty
    ** But CEO Kelly Rodriques says optimistic that the worst is
behind and looks ahead to a meaningful market recovery
    ** As of last close, FRGE shares down 22.7% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))