MoneyLion stock rises 26% as Q1 revenue soars Y/Y, maintains FY22 outlook [Seeking Alpha]
MoneyLion Inc. Class A (ML)
Company Research
Source: Seeking Alpha
MoneyLion stock rises 26% as Q1 revenue soars Y/Y, maintains FY22 outlookMay 12, 2022 12:03 PM ETMoneyLion Inc. (ML)By:RavikashSA News EditorEoneren/E+ via Getty ImagesMoneyLion's (NYSE:the company affirmed its FY22 outlook.The company saw anet incomeTotal net revenue increased +110.43% Y/Y to $69.71M, while adjusted revenue grew +105% Y/Y to $66.5M.The company said total customers grew +117% to 3.9M for Q1; Record New Customer Adds of ~645K; Total products of 9M rose 76%. Total originations grew 116% to $408M in Q1.Outlook"Our first quarter results and second quarter guidance reflect our confidence in MoneyLion’s ability to achieve approximately 100% Adjusted Revenue growth in 2022 and breakeven Adjusted EBITDA exiting the year," said MoneyLion's CFO Rick Correia.Q2 OutlookThe company expects adjusted revenue of $78M to $83M, reflecting +121% Y/Y at midpoint. Adjusted Gross Profit margin of 60% to 65%; Adjusted EBITDA of -$20M to -$15M.FY22 OutlookThe company is targeting to exit 202
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ML
News
- MoneyLion to Participate in Upcoming Investor Conferences [Yahoo! Finance]Yahoo! Finance
- MoneyLion to Participate in Upcoming Investor ConferencesBusiness Wire
- Growth Equity Firm Edison Partners Opens New Nashville Office [Yahoo! Finance]Yahoo! Finance
- MoneyLion Inc. (NYSE: ML) had its price target raised by analysts at Lake Street Capital from $75.00 to $109.00. They now have a "buy" rating on the stock.MarketBeat
- MoneyLion to Announce First Quarter 2024 Financial Results on Tuesday, May 7, 2024Business Wire
ML
Earnings
- 8/8/23 - Miss
ML
Sec Filings
- 3/19/24 - Form 4
- 3/15/24 - Form 144
- 3/13/24 - Form 4
- ML's page on the SEC website