Riskified Swings to Q1 Non-GAAP Earnings as Revenue Increases-March 2024-www.financetom.com

Riskified Swings to Q1 Non-GAAP Earnings as Revenue Increases

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Riskified Swings to Q1 Non-GAAP Earnings as Revenue Increases

May 15, 2024 4:55 AM

07:31 AM EDT, 05/15/2024 (MT Newswires) -- Riskified ( RSKD ) reported Q1 non-GAAP earnings Wednesday of $0.04 per diluted share, compared with breakeven a year earlier.

Analysts polled by Capital IQ expected $0.02 in adjusted EPS.

Revenue for the quarter ended March 31 was $76.4 million, up from $68.9 million a year earlier.

Analysts polled by Capital IQ expected $75.2 million.

The company said it continues to expect full-year revenue of $323 million to $335 million. Analysts polled by Capital IQ expect $329.2 million.

Riskified ( RSKD ) also said its board approved an additional $75 million share buyback program, subject to the completion of required Israeli regulatory procedures, increasing its repurchase capacity to about $92 million.

Price: 5.30, Change: -0.06, Percent Change: -1.12

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