UP Fintech Holding (TIGR) has released earnings for the second quarter of fiscal 2019 (April-Jun) with appealing results on the surface.
Digging dipper shows that the growth in revenues is not as satisfactory as it looks like, while the decrease in bottom-line is appealing, pointing to near-term profitability.
The narrative now includes key operating data that were missing in the previous quarter’s release, such as trading volume and total account balance.
These operating data are worsening as trading volume continues to decrease Q/Q, while total trading balance does the opposite on the same