Riskified rises after strong core profit forecast for FY24

Riskified

15/05/2024 15:11

** Shares of fraud and risk intelligence platform Riskified
 RSKD.N  rise 12.7% to $6.04 in morning trading
    ** RSKD forecasts FY24 core profit above Street estimates
and posts Q1 revenue and core profit that beat analysts
estimates
    ** RSKD forecasts full-year adjusted core profit of between
$12 mln and $18 mln, the midpoint of which is above analysts'
estimates of $13.67 mln - LSEG
    ** Posts quarterly revenue of $76.4 mln vs analysts'
estimates of $75.2 mln
    ** Adjusted core profit comes in at $2.75 mln vs estimates
of a $376 thousand loss
    ** Gross merchandise volume increased 17% from year-ago
period to $32 mln 
    ** Including sessions move, RSKD has gained about 29% YTD

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))