Future

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div>
<p class="has-drop-cap">Riskified Ltd. (NYSE: RSKD), a leader in e-commerce fraud prevention and risk management, reported a significant achievement in its financial results for the <a href="https://ir.riskified.com/news-releases/news-release-details/riskified-outperforms-fy23-adjusted-ebitda-guidance-37-and-ends" target="_blank" aria-label="fourth quarter and full year (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">fourth quarter and full year</a> ending December 31, 2023. The company’s innovative approach to combating e-commerce fraud has resulted in its strongest adjusted EBITDA outcome in history, marking a notable milestone. <br><br>The fourth quarter’s performance showcases Riskified’s ability to capitalize on strategic initiatives, leading to a remarkable 37% outperformance of its FY’23 Adjusted EBITDA guidance and concluding the year with a positive free cash flow.</p>
<p>The diversification strategy, including adding new merchants and expanding into new categories like money transfer &amp; remittance, has been pivotal in Riskified’s success. The company’s achievements are in client acquisition and deepening relationships with existing clients in fashion and luxury verticals, further underlining its commitment to delivering value to merchants and shareholders alike.</p>
<h3 id="riskified-rskd-outperforms-expectations-in-q4">Riskified (RSKD) Outperforms Expectations in Q4</h3>
<p>Riskified’s fourth quarter results have exceeded expectations, with the company outpacing the anticipated earnings per share (<a href="https://tokenist.com/investing/fundamental-analysis-stocks/" rel="noopener noreferrer nofollow" class="deco-link">EPS</a>) of -$0.05 and revenue forecast of $84.04 million. The reported revenue stood at $84.065 million, reflecting a year-over-year increase of 6%, and surpassing the projected figures. This performance indicates not only the strength of Riskified’s business model but also its effectiveness in navigating the challenges posed by the e-commerce fraud landscape.</p>
<p>The company’s strategic focus on expanding its merchant base and enhancing product offerings has led to significant operational successes. These include the onboarding of a global money transfer company and the strong quarter for the Policy Protect product, indicating the adaptability and appeal of Riskified’s solutions across diverse e-commerce environments.</p>
<div class="cta-referral"><img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
 <div class="cta-referral__text">
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p>
 </div>
</div>
<h3 id="guidance-for-future-growth">Guidance for Future Growth</h3>
<p>Looking ahead, Riskified has provided an optimistic outlook for 2024, with revenue projections ranging between $323 million and $335 million. The expectation of positive Adjusted EBITDA, estimated to be between $10 million and $17 million, reflects confidence in the company’s growth trajectory and its ability to maintain strong financial health. This guidance underscores Riskified’s strategic planning and its dedication to achieving long-term profitability and value creation for its stakeholders.</p>
<p>The company’s focus on innovative solutions and expanding its market presence sets a positive tone for its future performance. Riskified’s commitment to driving shareholder value through operational excellence and disciplined business management is expected to further solidify its position as a leader in the e-commerce fraud prevention space.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/riskified-rskd-reports-q4-revenue-of-84m-exceeding-market-expectations/">Riskified (RSKD) Reports Q4 Revenue of $84M, Exceeding Market Expectations</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Riskified (RSKD) Reports Q4 Revenue of $84M, Exceeding Market Expectations

Table of Contents

Tokenist

Other articles published on Mar 5, 2024

OKX Ventures Backs BounceBit to Strengthen Bitcoin’s Technical Backbone

Floki Inu Surges in Crypto Market

VeChain Hits Key Fibonacci Levels: What's Next for Investors?

NFPrompt Partners with Nvidia to Bolster AI and Web3 Development

Massive Ethereum (ETH) Purchase Reportedly Linked to PulseChain/X

AfreecaTV BJ Stars Fell Victim To South Korean Crypto Scammers

Join our free newsletter for daily crypto updates!