Cardlytics Full Year 2023 Earnings: EPS Misses Expectations
Cardlytics (NASDAQ:CDLX) Full Year 2023 Results
Key Financial Results
Revenue: US$309.2m (up 3.6% from FY 2022).
Net loss: US$134.7m (loss narrowed by 71% from FY 2022).
US$3.69 loss per share (improved from US$13.92 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cardlytics EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly.
The primary driver behind last 12 months revenue was the Cardlytics Platform segment contributing a total revenue of US$285.4m (92% of total revenue). Notably, cost of sales worth US$178.8m amounted to 58% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$71.0m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how CDLX's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Media industry in the US.
Performance of the American Media industry.
The company's shares are up 83% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Cardlytics (including 1 which is significant).
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
