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 .
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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.
For further details see:
MoneyLion reports mixed Q2 earnings; initiates Q3 outlook