08:54 AM EDT, 03/15/2024 (MT Newswires) -- Groupon ( GRPN ) reported Q4 non-GAAP net income Friday of $0.30 per diluted share, swinging from a loss of $0.38 a year earlier.

Two analysts polled by Capital IQ expected $0.12.

Revenue for the quarter ended Dec. 31 was $137.7 million, down from $148.2 million last year.

Two analysts surveyed by Capital IQ expected $139.1 million.

Groupon ( GRPN ) also said there is no longer "substantial doubt" about the company's ability to continue as a going concern as it has increased liquidity through improved cash flow performance and equity sales.

Shares of the company were up 4.6% in recent Friday premarket activity.

Price: 19, Change: +0.83, Percent Change: +4.57