Grindr Full Year 2023 Earnings: US$0.32 loss per share (vs US$0.005 profit in FY 2022)
Grindr (NYSE:GRND) Full Year 2023 Results
Key Financial Results
Revenue: US$259.7m (up 33% from FY 2022).
Net loss: US$55.8m (down from US$852.0k profit in FY 2022).
US$0.32 loss per share (down from US$0.005 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
In the last 12 months, the only revenue segment was Internet Information Providers contributing US$259.7m. The most substantial expense, totaling US$111.2m 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 GRND's revenue and expenses shape its earnings.
Grindr shares are up 16% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Grindr has 2 warning signs we think you should be aware of.
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