Remitly Global Full Year 2023 Earnings: EPS Beats Expectations
Remitly Global (NASDAQ:RELY) Full Year 2023 Results
Key Financial Results
Revenue: US$944.3m (up 45% from FY 2022).
Net loss: US$117.8m (loss widened by 3.4% from FY 2022).
US$0.65 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Remitly Global EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%.
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company's shares are up 13% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Remitly Global that you should be aware of.
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