Cardlytics (NASDAQ: CDLX), a company that uses purchase information to help marketing providers improve their rewards programs and other customer services, jumped 22% early Tuesday after releasing a solid first-quarter result.
Revenue increased 26% over the prior year to $45.5 million, topping analysts' estimates of $44.2 million. Cardlytics' adjusted loss per share checked in at $0.26, worse than the prior year's $0.23 adjusted per-share loss, and wider than analysts' estimates of a $0.21 adjusted per-share loss. Investors shrugged off the losses in favor of other improved metrics, including a 16% jump in billings and gross profit, as well as a 30% increase in financial institution monthly active users (FI MAUs).
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