Riskified Clocks 47% Revenue Growth In Q2, Issues Q3 Outlook Above Consensus

September 9, 2021 7:43 AM | 1 min read | Make a Comment

Fraud management platform Riskified Ltd RSKD reported second-quarter FY21 revenue growth of 47% year-on-year to $55.7 million, beating the consensus of $54.98 million.
The gross merchandise volume grew 55% Y/Y to $21.5 billion.
EPS loss of $(1.41) beat the consensus of $(1.49).
Riskified held $149.7 million in cash and equivalents. It generated $5.3 million in operating cash flow during the six months ended June 30.
Riskified expects to continue to benefit from underlying growth in global eCommerce, fueled by expanding omnichannel purchase options and higher eCommerce penetration rates.
Outlook: Riskified sees Q3 revenue of $50.7 million - $51.2 million, above the consensus of $50.4 million.
Price Action: RSKD shares traded higher by 0.48% at $35.90 in premarket on the last check Thursday.