WEJO - Wejo Group GAAP EPS of -$0.58 misses by $0.24 revenue of $1.6M in-line reaffirms FY guidance
- Wejo Group press release ( NASDAQ: WEJO ): Q2 GAAP EPS of -$0.58 misses by $0.24 .
- Revenue of $1.6M (+198% Y/Y) in-line.
- OUTLOOK:
- Wejo is maintaining its prior full-year 2022 guidance of net revenue of $10 million vs consensus of $9.63M and vehicles on platform in the range of 27 million to 32 million. As previously announced, the Company has raised its Adjusted EBITDA loss outlook to a loss in the range of $85 million to $95 million as a result of the cost saving initiatives that have been implemented.
- Shares +1.68% PM.
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Wejo Group GAAP EPS of -$0.58 misses by $0.24, revenue of $1.6M in-line, reaffirms FY guidance