Personal finance fintech SoFi Technologies ( US:SOFI ) began the trading week with a 12.5% gain on Monday after reporting fourth quarter results which showed continued positive momentum. For the final quarter of 2022, SoFi reported continued growth in sales and tracked closer towards profitability. SoFi generated GAAP net revenues of $456.68 million for Q4, which grew from $423.99 million in Q3 and was ahead of analyst forecasts of around $425 million. On an adjusted view, net revenue grew from $423.99 million in Q3 to $456.68 million in Q4. Underlying profits measured by adjusted EBITDA grew from $44.30 million in the third quarter to $70.06 million and beat consensus forecasts of $43 million by 62%. The group’s net loss improved significantly from -$74.21 million in Q3 to -$40.00 million in Q4, equating to an EPS loss of -5 cents per share. The EPS figure was well ahead of analyst estimates of -9 cents per share. The positive business performance was supported by new member additions of around 480,000 and new products added of over 695,000. With the year now ended, SoFi’s CEO Anthony Noto provided an updated outlook picture with guidance for 2023. Noto expects SoFi to generate adjusted […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
