CDLX - Cardlytics slumps 16% after missing top and bottom line estimates

• Cardlytics ( NASDAQ: CDLX ) shows a topline miss of $0.71M to $75.4M, a jumps of 28% from last year.
• Non-GAAP billings were $107.7Mn, an increase of 26% Y/Y, vs. $85.3M prior.
• MAUs were 179.9 million, an increase of 7%; ARPU was $0.38, an increase of 12%; Bridg ARR was $21.8M.
• Gross profit was $27M, an increase of 16% Y/Y.
• Non-GAAP Adjusted EBITA was -$15.8M vs -$5.7M last year.
• GAAP EPS of -$3.75 misses consensus by $2.82.
• CEO and co-founder Lynne Laube commented,“I am pleased with our growth in the first half of the year despite the growing pressure macro conditions are having on consumer spending and ad budgets.We are also pleased with the progress we are seeing in the Bridg acquisition and expect to see further proof points in future quarters. The combination of the Cardlytics and Bridg data sets has us on the cusp of being able to scale the business beyond our core platform, while our focus on financial goals will allow us to control our own destiny moving forward.”
• Contributor commentary on the stock: 'Cardlytics has issues conducting multi-touch attribution models , which might hinder some advertisers from adopting the platform.'
• Another ' CDLX is building a true ecosystem for advertising and consumer research . It benefits every participant on the platform!'
• SA Authors give the stock a Buy rating with 4.00 score; Quant rating of Hold with lowest factor grades momemtum.
• Stock down 16% after hours
• Previously (Aug. 2): Cardlytics GAAP EPS of -$3.75 misses by $2.82, revenue of $75.4M misses by $0.71M

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