UP Fintech stock drops after Q4 earnings fall short of analysts' expectations [Seeking Alpha]
UP Fintech Holding Limited - American Depositary Shares representing fifteen Class A Ordinary Shares (TIGR)
US:NASDAQ Investor Relations:
tigerlogic.com/company/press/sap.jsp
Company Research
Source: Seeking Alpha
Q4 non-GAAP earnings per ADS of $0.007 , trailing the $0.07 Visible Alpha consensus, dropped from $0.029 in Q4 2022. Total revenue of $70.0M, lagging the $72.0M consensus, rose 9.6% from $63.9M a year ago, but slipped from $70.1M in Q3 2023. During the quarter, trading volume increased to $87.8M from $80.3M in the previous quarter and $68.5M a year ago, but the trading volume of stocks declined to $19.7M in Q4 2023 from $22.1M in Q3 and $20.5M in Q4 2022. Total operating costs and expenses of $52.5M increased from $48.8M in Q3 and $50.9M in Q4 2022. Employee compensation and benefits costs of $26.5M climbed from $26.0M in the prior quarter and $24.5M a year ago. Communication and market data costs jumped to $8.53M from $7.58M in Q3 and $7.06M in Q4 2022. General and administrative costs increased to $7.29M from $5.45M in the prior quarter and $5.93M a year ago. UP Fintech ( TIGR ) has been expanding in international markets. "By leveraging our strong presence in the Singapore
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News
- UP Fintech Holding Limited’s Hong Kong Subsidiary Receives SFC Approval on Type 9 License to Provide Asset Management ServicesGlobeNewswire
- UP Fintech Holding Full Year 2023 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- UP Fintech Holding Limited (NASDAQ: TIGR) had its price target lowered by analysts at Citigroup Inc. from $8.01 to $6.22. They now have a "buy" rating on the stock.MarketBeat
- UP Fintech Holding Limited (NASDAQ:TIGR) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- UP Fintech: Client Assets Hit Record High, Over 75% from Clients in Markets such as SG; 2023 Net Income Surged by 237% [Yahoo! Finance]Yahoo! Finance
TIGR
Sec Filings
- 4/22/24 - Form 20-F
- 3/22/24 - Form 144
- 3/20/24 - Form 6-K
- TIGR's page on the SEC website