Ryvyl Inc reports results for the quarter ended September 30 - Earnings Summary

RTB Digital

15/11/2024 14:02

* Ryvyl Inc  RVYL.OQ  reported a quarterly adjusted loss
of 76
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of -60
cents.  The mean expectation of two analysts for the quarter was
for a loss of 26 cents per share. Wall Street expected
results to range from -33 cents to -20 cents per share.
    * Revenue fell 27.9% to $12.61 million from a year ago;
analysts
expected $13.91 million. 
    * Ryvyl Inc's reported EPS for the quarter was a loss of 76
cents​.
    * The company reported a quarterly loss of $5.17 million.
    * Ryvyl Inc shares had risen by 28.8% this quarter and
lost 59.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 32.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is  "hold."

Wall Street's median 12-month price target for Ryvyl Inc is 5.00
This summary was machine generated from LSEG data November 15 at
02:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.26          -0.76          Missed
 Jun. 30 2024      -0.96          -0.59          Beat
 Dec. 31 2023      -0.40          -5.43          Missed