Cardlytics Inc (NASDAQ: CDLX) stock investors celebrates blockbuster returns

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Cardlytics Inc (NASDAQ: CDLX) stock surged 24.65% on January 13th, 2020 (Source: Google finance) after the company reported preliminary financial results for the fourth quarter ended December 31, 2019 that has beaten analysts’ expectations. Revenue in the fourth quarter is expected to be in the range of $68.5 million to $69.5 million, which is well above both the $59 million in sales that analysts were expecting. Billings is projected be in the range of $99 million to $101 million, compared to the company’s outlook of $82 million to $88 million.

Meanwhile, during the third quarter 2019, FI MAUs grew 116% to 128.3 million compared to 59.3 million in the third quarter of 2018. ARPU was $0.44, a decline of (24)%, compared to $0.58 in the third quarter of 2018. During the third quarter, the company had reported the Non-GAAP net income of $0.8 million, based on 23.6 million non-GAAP weighted-average common shares outstanding, compared to a non-GAAP net loss of $(3.1) million. Billings, a non-GAAP metric, was $82.8 million, which is a growth of 70% year-over-year, compared to $48.6 million in the third quarter of 2018. Adjusted contribution, a non-GAAP metric, was $24.7 million, which is an increase of 46% year-over-year, compared to $17.0 million in the third quarter of 2018. Further, for the third quarter 2019, the company had reported the revenue of $56.4 million, which is a growth of 63% year-over-year, compared to $34.6 million in the third quarter of 2018. The company has delivered the Non-GAAP net income of $0.8 million, or $0.03 per diluted share, based on 23.6 million non-GAAP weighted-average common shares outstanding, compared to a non-GAAP net loss of $(3.1) million, or $(0.15) per diluted share, which was based on 21 million non-GAAP weighted-average common shares outstanding in the third quarter of 2018.

On the other hand, after the successful rollout of Chase complete and the upcoming rollout of Wells Fargo, the company’s scale gives marketers the ability to reach bank customers at a massive scale.  The company’s ongoing initiatives are to penetrate new verticals and enable a more automated buying model positions Cardlytics extraordinarily well for continued growth.

Meanwhile, the company has recently appointed Michael Akkerman as the company’s Chief Product and Strategy Officer. Akkerman will lead Cardlytics’ overall product strategy, that includes the development of a multi-year high-impact, growth-driving strategic roadmap. He will see to the delivery of all enhancements and innovations for marketers, financial institutions, and consumers, along with the ongoing evolution of the Cardlytics platform.

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