Riskified Ltd. (NYSE:RSKD) Q4 2023 Earnings Conference Call March 5, 2024 8:30 AM ET Company Participants Chett Mandel - Head of IR Eido Gal - Co-Founder and CEO Aglika Dotcheva - CFO Conference Call Participants Will Nance - Goldman Sachs Ramsey El-Assal - Barclays Terry Tillman - Truist Securities Timothy Chiodo - UBS Brent Bracelin - Piper Sandler Reggie Smith - JPMorgan Operator Good day and thank you for standing by. Welcome to the Riskified's Fourth Quarter 2023 Earnings Conference Call. [Operator Ins ...

Financial Performance - Riskified achieved a record adjusted EBITDA of $9.7 million in Q4 2023, marking a significant improvement from a loss of $0.3 million in Q4 2022, representing a margin increase of 1,100 basis points year-over-year[6]. - Revenue for Q4 2023 was $84.1 million, a 6% increase compared to $79.3 million in Q4 2022, with full-year revenue of $297.6 million, reflecting a 14% growth from $261.2 million in 2022[6]. - Full-year revenue for 2023 reached $297,610,000, up 13.9% from $261,247,000 in 2022[28]. - The company reported a net loss of $3,265,000 for Q4 2023, an improvement from a net loss of $12,052,000 in Q4 2022[28]. - Non-GAAP net profit for Q4 2023 was $13.012 million, up from $4.869 million in Q4 2022[36]. - Non-GAAP net profit for the year 2023 was $9.324 million, a significant improvement from a loss of $32.433 million in 2022[36]. Cash Flow and Assets - The company generated positive free cash flow of $5.9 million for the full year 2023 and ended the year with $474.8 million in cash, deposits, and investments, with zero debt[5]. - Cash provided by operating activities for Q4 2023 was $7,423 million, compared to $(4,098) million in Q4 2022[35]. - Free Cash Flow for Q4 2023 was $7,142 million, a significant recovery from $(7,162) million in Q4 2022[35]. - Total cash, cash equivalents, and restricted cash at the end of Q4 2023 was $440,838 million, up from $191,017 million at the end of Q4 2022[31]. - Total current assets as of December 31, 2023, were $532,299,000, slightly up from $529,935,000 in 2022[26]. Growth Metrics - Gross merchandise volume (GMV) for Q4 2023 was $35.2 billion, a 9% increase from $32.2 billion in Q4 2022, and full-year GMV reached $123.1 billion, up 17% from $105.6 billion in 2022[6]. - Riskified expects revenue for the year ending December 31, 2024, to be between $323 million and $335 million, with anticipated adjusted EBITDA between $10 million and $17 million[7]. - The fourth quarter was the strongest ever for the Policy Protect product, with over 50% of deals going live during the quarter, reflecting increased merchant acceptance[5]. Profitability and Expenses - Riskified's gross profit for Q4 2023 was $48.5 million, with a gross profit margin of 58%, compared to 52% in Q4 2022[6]. - Operating expenses for the year 2023 were $229,368,000, down from $244,445,000 in 2022[28]. - Research and development expenses for Q4 2023 were $17,122 million, slightly down from $18,502 million in Q4 2022[35]. - Share-based compensation expense for Q4 2023 was $14.925 million, slightly down from $15.233 million in Q4 2022[36]. Shareholder Actions - The company has repurchased approximately 7.6 million shares at a total cost of approximately $34 million as part of its $75 million share repurchase program[5]. - The company issued ordinary share warrants to customers totaling $384 million in Q4 2023, consistent with Q4 2022[31]. Liabilities and Deficits - Total liabilities decreased to $110,211,000 as of December 31, 2023, from $112,548,000 in 2022[26]. - The company’s accumulated deficit increased to $411,569,000 as of December 31, 2023, compared to $352,534,000 in 2022[26]. Future Outlook - The company aims to enhance its machine learning models and expand its product offerings to mitigate risks and improve customer retention[23]. - Riskified expanded its Dispute Resolve platform to enhance chargeback operations, leveraging AI integrations to streamline processes for merchants[5].

Riskified Ltd (NYSE:RSKD) Q3 2023 Earnings Conference Call November 15, 2023 8:30 AM ET Company Participants Chett Mandel - Head of Investor Relations Eido Gal - Co-Founder and Chief Executive Officer Aglika Dotcheva - Chief Financial Officer Conference Call Participants Owen Callahan - Barclays Robert Napoli - William Blair Terry Tillman - Truist Securities Reginald Smith - JPMorgan Hannah Rudoff - Piper Sandler Operator Good day and thank you for standing by. Welcome to Riskified's Third Quarter 2023 Fina ...

Exhibit 99.1 Riskified Continues to Execute on Land and Expand Strategy to Achieve Third Quarter Revenue Growth of 14% Raises Adjusted EBITDA Guidance for FY 2023 NEW YORK, November 15, 2023 - Riskified Ltd. (NYSE: RSKD) (the "Company"), a leader in eCommerce fraud and risk intelligence, today announced financial results for the three and nine months ended September 30, 2023. The Company will host an investor call to discuss these results today at 8:30 a.m. Eastern Time. "I am extremely proud of the team fo ...

Riskified Ltd (NYSE:RSKD) Q2 2023 Earnings Conference Call August 15, 2023 8:30 AM ET Company Participants Chett Mandel – Head-Investor Relations Eido Gal – Co-Founder and Chief Executive Officer Agi Dotcheva – Chief Financial Officer Conference Call Participants Brent Bracelin – Piper Sandler Will Nance – Goldman Sachs Owen Callahan – Barclays Robert Napoli – William Blair Terry Tillman – Truist Securities Operator Good day, and thank you for standing by. Welcome to the Riskified’s Second Quarter 2023 Earn ...

1 Analysis performed using the ten largest merchants that provided pre-Riskified performance data to us. These merchants were ranked by Billings over the period from November 1, 2020 to January 31, 2021 and collectively represent approximately 35% of total Billings for the year ended December 31, 2020. 2 The change in sales approval rate represents the difference in total dollar-based orders cleared and accepted by the merchant's fraud review process, expressed as a percentage of dollar-based order volume. ...

Exhibit 99.1 Riskified Reports Strong Second Quarter Revenue Growth of 21%; Board Authorizes $75 Million Share Repurchase Program Intends to File Motion Seeking Court Approval in Israel for its Repurchase Program NEW YORK, August 15, 2023 - 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, 2023. The Company will host an investor call to discuss these results today at 8:30 a.m. Eastern ...

Riskified Ltd. (NYSE:RSKD) Q1 2023 Earnings Conference Call May 17, 2023 8:30 AM ET Company Participants Chett Mandel - Head, Investor Relations Eido Gal - Co-Founder and CEO Agi Dotcheva - Chief Financial Officer Conference Call Participants Brent Bracelin - Piper Sandler Will Nance - Goldman Sachs Rob Napoli - William Blair Tim Chiodo - Credit Suisse Terry Tillman - Truist Securities Reggie Smith - JPMorgan Josh Beck - KeyBanc Capital Markets Operator Good morning, and thank you for standing by. Welcome t ...

| --- | --- | --- | |-------|-------|----------| | | | | | | | | | | | May 2023 | 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 o ...

Exhibit 99.1 Riskified Starts Year Strong By Improving Adjusted EBITDA Guidance by 41% Raises Adjusted EBITDA Guidance for FY 2023 NEW YORK, May 17, 2023 - Riskified Ltd. (NYSE: RSKD) (the "Company"), a leader in eCommerce fraud and risk intelligence, today announced financial results for the three months ended March 31, 2023. The Company will host an investor call to discuss these results today at 8:30 a.m. Eastern Time. "We remain confident in our ability to continue to drive growth and deliver value to o ...