Riskified .(RSKD)

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Riskified .(RSKD) - 2024 Q4 - Annual Report
2025-03-05 11:49
Exhibit 99.1 Riskified Exceeds High End of FY'24 Revenue Guidance and Achieves Full Year of Positive Adjusted EBITDA Provides Initial 2025 Outlook NEW YORK, March 5, 2025 - Riskified Ltd. (NYSE: RSKD) (the "Company"), a leader in ecommerce fraud and risk intelligence, today announced financial results for the three and twelve months ended December 31, 2024. The Company will host an investor call to discuss these results today at 8:30 a.m. Eastern Time. "We began 2024 with a clear focus on advancing our AI p ...
Riskified: I Am Still Confident In The Growth Outlook
Seeking Alpha· 2024-11-26 10:50
Group 1 - The previous investment thought on Riskified (NYSE: RSKD) was a buy rating due to the potential for long-term growth given the large addressable market [1] - The focus is on long-term investments while incorporating short-term shorts to uncover alpha opportunities [1] - The investment approach revolves around bottom-up analysis, examining the fundamental strengths and weaknesses of individual companies [1] Group 2 - The investment duration is medium to long-term, aiming to identify companies with solid fundamentals, sustainable competitive advantages, and growth potential [1]
Riskified (RSKD) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2024-11-13 14:06
Company Performance - Riskified reported quarterly earnings of $0.03 per share, exceeding the Zacks Consensus Estimate of $0.02 per share, compared to a loss of $0.02 per share a year ago, representing an earnings surprise of 50% [1] - The company posted revenues of $78.85 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 5.28%, and showing an increase from year-ago revenues of $71.87 million [2] - Over the last four quarters, Riskified has consistently surpassed consensus EPS and revenue estimates [2] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and the earnings outlook [3][4] - Current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $92.01 million, and for the current fiscal year, it is $0.18 on revenues of $322.05 million [7] - The estimate revisions trend for Riskified is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Internet - Software industry, to which Riskified belongs, is currently ranked in the top 18% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
Riskified .(RSKD) - 2024 Q3 - Quarterly Report
2024-11-13 11:51
Financial Performance - Gross Merchandise Volume (GMV) for Q3 2024 reached $34,706 million, a 17% increase year-over-year[4] - Revenue for Q3 2024 was $78,849 million, reflecting a 10% year-over-year growth[4] - GAAP Gross Profit for Q3 2024 was $38,956 million, with a gross profit margin of 49%, up from 43% in the prior year[4] - Net loss for Q3 2024 was $(9,699) million, improving from a net loss of $(20,925) million in Q3 2023[4] - Adjusted EBITDA for Q3 2024 was $899 million, compared to a loss of $(8,448) million in the same quarter last year[4] - Revenue for Q3 2024 was $78.849 million, a 9.7% increase from $71.872 million in Q3 2023[33] - Gross profit for Q3 2024 reached $38.956 million, compared to $31.140 million in Q3 2023, reflecting a 25.2% year-over-year growth[33] - Operating loss for Q3 2024 was $(14.330) million, an improvement from $(25.210) million in Q3 2023[33] - Net profit for Q3 2024 was $(9,699) million, an improvement from $(20,925) million in Q3 2023, while the net profit for the nine months ended September 30, 2024, was $(30,838) million compared to $(55,770) million in the same period last year[35] - Adjusted EBITDA for Q3 2024 was $899 million, a significant recovery from $(8,448) million in Q3 2023, with a nine-month adjusted EBITDA of $5,990 million compared to $(18,203) million in the prior year[37] Cash Flow and Assets - Free cash flow for Q3 2024 was $13.9 million, significantly improved from $3.7 million in Q3 2023[7] - Cash provided by operating activities for Q3 2024 was $14,012 million, a substantial increase from $4,493 million in Q3 2023, with a nine-month total of $29,005 million compared to $(144) million in the same period last year[38] - Free cash flow for Q3 2024 was $13,907 million, compared to $3,667 million in Q3 2023, with a nine-month free cash flow of $28,498 million compared to $(1,218) million in the prior year[38] - The total cash, cash equivalents, and restricted cash at the end of Q3 2024 was $356,398 million, down from $435,473 million at the end of Q3 2023[35] - Total current assets decreased to $433.756 million as of September 30, 2024, down from $532.299 million as of December 31, 2023[31] - Total liabilities decreased to $101.290 million as of September 30, 2024, compared to $110.211 million as of December 31, 2023[31] - Shareholders' equity as of September 30, 2024, was $393.548 million, down from $491.721 million as of December 31, 2023[31] Expenses and Costs - Research and development expenses for Q3 2024 were $16.671 million, slightly down from $17.397 million in Q3 2023[33] - Research and development expenses for Q3 2024 were $16,671 million, slightly down from $17,397 million in Q3 2023, with nine-month expenses totaling $51,522 million compared to $54,455 million last year[38] - Total share-based compensation expense for the three months ended September 30, 2024, was $13,905 million, down from $15,330 million in the same period of 2023[39] - Depreciation and amortization for the three months ended September 30, 2024, was $1,189 million, slightly down from $1,275 million in the same period of 2023[39] - Restructuring costs for the nine months ended September 30, 2024, amounted to $1,770 million, with no costs reported in the same period of 2023[39] - Litigation-related expenses for the three months ended September 30, 2024, were $0 million, compared to $48 million in the same period of 2023[39] Shareholder Information - The Board of Directors authorized an additional $75 million share repurchase program, bringing total repurchase authorization to approximately $85 million[3] - GAAP net loss per share for Q3 2024 was $(0.06), an improvement from $(0.12) in the prior year[7] - Non-GAAP net profit for the three months ended September 30, 2024, was $5,530 million, an improvement from $(4,163) million in the same period of 2023[39] - Basic and diluted net loss per share attributable to Class A and B ordinary shareholders for the three months ended September 30, 2024, was $(0.06), compared to $(0.12) in the same period of 2023[39] - Non-GAAP net profit per share attributable to Class A and B ordinary shareholders for the three months ended September 30, 2024, was $0.03, compared to $(0.02) in the same period of 2023[39] - Weighted-average shares used in computing net profit per share for the three months ended September 30, 2024, was 168,649,496, compared to 178,360,665 in the same period of 2023[39] Strategic Initiatives - The company expects revenue for FY 2024 to be between $322 million and $327 million[8] - The company onboarded a multi-billion dollar global money transfer company, expanding its reach in the Money Transfer & Remittance category[3] - The company anticipates continued margin expansion and growth potential in new verticals and geographies for fiscal year 2024[25] - The company is focused on enhancing its AI-powered products and capabilities to improve performance and customer retention[25] - The company reported a provision for income taxes of $639 million in Q3 2024, compared to $1,239 million in Q3 2023, indicating a decrease in tax burden[37] Cash Flow Changes - The company experienced a net increase in cash and cash equivalents of $(32,296) million in Q3 2024, compared to an increase of $49,378 million in Q3 2023[35]
Riskified: A Compelling Valuation Emerges Following The Recent Sell-Off (Rating Upgrade)
Seeking Alpha· 2024-09-28 08:36
Group 1 - Riskified (NYSE: RSKD) is positioned uniquely in online fraud management for e-commerce merchants, leveraging a strong technology platform and significant network effects [1] - The company is focused on identifying asymmetric investment opportunities within the technology, software, electronics, and energy transition sectors [1] - The analyst has a background in Electrical Engineering and experience in automotive battery R&D, which supports the analysis of small to mid-cap companies [1] Group 2 - The article emphasizes the importance of thorough research in uncovering potential investment opportunities that are often overlooked by others [1] - The analyst has been investing personal capital for over 7 years, indicating a long-term commitment to understanding market dynamics [1]
Riskified .(RSKD) - 2024 Q2 - Earnings Call Presentation
2024-08-14 17:36
✔ rıskıfied August 2024 Investor Presentation Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the U.S. Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the U.S. Securities Exchange Act of 1934, a ...
Riskified .(RSKD) - 2024 Q2 - Earnings Call Transcript
2024-08-14 17:35
Financial Data and Key Metrics Changes - Revenue for Q2 2024 was $78.7 million, reflecting an 8% year-over-year increase, while GMV reached $35 billion, up 13% year-over-year [13][21] - Non-GAAP gross profit margin was 53%, up from 52% in the same quarter last year, with a first-half gross profit margin of approximately 54%, the highest since the IPO [16][12] - Adjusted EBITDA was positive at $2.3 million for Q2 2024, compared to negative $4.6 million in Q2 2023, marking the eighth consecutive quarter of year-over-year improvements [19] Business Line Data and Key Metrics Changes - The home category grew by 21% year-over-year, while the general vertical, including food and retail, grew by 7% [13][14] - Payments and money transfer category saw over 40% growth, driven by new business activity [13] - Fashion and luxury category grew by 5%, with expectations of continued same-store sales pressures in the second half of the year [14] Market Data and Key Metrics Changes - The United States, the largest region, grew by 11% in Q2, while APAC grew approximately 35% [15] - EMEA is expected to be relatively flat for the year due to a high concentration of merchants in fashion and travel, which are experiencing softness [15][62] Company Strategy and Development Direction - The company is focused on building a market-leading platform to solve real problems for merchants and expand its total addressable market (TAM) [8][12] - There is an emphasis on cross-selling multiple products to existing clients, with a strong pipeline of merchant activity anticipated for the second half of the year [6][31] - The company aims to enhance its technology and expand its market share while managing operational expenses effectively [7][12] Management's Comments on Operating Environment and Future Outlook - Management anticipates softer trends in the third and fourth quarters due to macroeconomic headwinds affecting consumer spending, particularly in high-end fashion and travel [6][21] - Despite challenges, management remains optimistic about new business activity in the second half of the year, which is expected to partially offset macro headwinds [6][21] - The company is updating its 2024 revenue guidance to between $320 million and $325 million, reflecting anticipated headwinds [21][22] Other Important Information - The company ended Q2 2024 with approximately $422 million in cash and zero debt, having repurchased 6.8 million shares for about $39 million [20] - The company expects to generate approximately $30 million in positive free cash flow for 2024 [20] Q&A Session Summary Question: Impact of CrowdStrike outage on Q3 expectations - Management confirmed no impact on Riskified or its merchants related to the CrowdStrike issue [24] Question: Update on platform penetration rates - Management indicated ongoing improvements in gross profit margins and a strong pipeline for new products [26] Question: Net dollar retention expectations - Management expects net dollar retention to be slightly below 100% due to macro factors, with a slight uptick in loss volume anticipated [28][29] Question: Sales strategy evolution for platform offerings - Management highlighted a focus on new logos and the ability to sell multiple products to clients, enhancing win rates [31] Question: Growth expectations for 2025 - Management stated it is too early to model 2025 but noted acceleration in growth due to new business activity [34] Question: Margin targets for 2026 - Management remains confident in achieving the 15% to 20% EBITDA margin target for 2026 [36] Question: Enhancements in go-to-market strategy - Management emphasized the importance of product differentiation and a strong sales force in driving new business success [40] Question: Implementation pipeline for the back half of the year - Management confirmed a robust pipeline expected to go live by year-end, despite some seasonal considerations [54] Question: Comparisons to last year and easier growth rates - Management acknowledged easier comparisons in the back half of the year, particularly in high fashion and home categories [55]
Riskified (RSKD) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-14 13:00
Riskified (RSKD) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this provider of fraud-prevention services would post earnings of $0.02 per share when it actually produced earnings of $0.04, delivering a surprise of 100%. Over the last f ...
Riskified .(RSKD) - 2024 Q2 - Quarterly Report
2024-08-14 10:46
Exhibit 99.1 Riskified Improves Adjusted EBITDA Guidance for Second Quarter in a Row Continues to Diversify Network of Global Merchants through New Logo Wins NEW YORK, August 14, 2024 - Riskified Ltd. (NYSE: RSKD) (the "Company"), a leader in ecommerce fraud and risk intelligence, today announced financial results for the three and six months ended June 30, 2024. The Company will host an investor call to discuss these results today at 8:30 a.m. Eastern Time. "We believe that Riskified remains well positione ...
Why Riskified Stock Jumped Today
The Motley Fool· 2024-05-15 20:38
The company is growing and achieving record cash flow. Shares of enterprise software company Riskified (RSKD 15.30%) jumped on Wednesday after the company reported financial results for the first quarter and showed meaningful progress in important areas. As of 3:10 p.m. ET today, the stock was up 14%. A marginal improvement Riskified's software helps companies detect a more-accurate number of fraudulent purchases, boosting sales and lowering charge-backs, in theory. In the first quarter, the company's merch ...