ML - MoneyLion reports mixed Q2 earnings; initiates Q3 outlook

2023-08-08 07:33:00 ET

• MoneyLion press release ( NYSE: ML ): Q2 GAAP EPS of -$2.71 misses by $1.12 .
• Revenue of $106.54M (+22.0% Y/Y) beats by $9.52M .

• Total Customers grew 114% year-over-year to 9.9 million for the second quarter of 2023. Total Products of 17.3 million grew 71% year-over-year for the second quarter of 2023. Total Originations grew 25% year-over-year to $550 million for the second quarter of 2023.

  Q3 2023 Financial Guidance:

  For the third quarter of 2023, MoneyLion expects:

  • Total revenues, net of approximately $110 to $115 million vs. consensus of $403.09M.
  • Gross profit margin of 55% to 60%.
  • Adjusted EBITDA of approximately $6 to $10 million.

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