Riskified Q2 Revenue Surges 22%, Raises Full-Year Outlook
RSKD sits 56% above its 52-week low of $3.7.
Summary
Riskified delivered its strongest revenue growth in over four years, with Q2 revenue jumping 22% YoY to $98.7M, accelerating sharply from 7% growth in Q1. The company reported a Q2 loss of $9.11M, or 7 cents per share. Adjusted EBITDA came in at $3.9M, up from $2.1M a year ago, while the company continued aggressive buybacks, repurchasing 13.7M shares for $63.9M in the quarter. Gross margin dipped to 46% from 49% a year ago, but the top-line acceleration and guidance raise signal improving demand. The company raised its full-year revenue and adjusted EBITDA guidance for the second time this year, citing strong new logo wins and multi-product adoption. The stock is trading near its 52-week high, and this report could push it through that level.
At the time of this announcement, RSKD was trading at $5.79 on NYSE in the Technology sector, with a market capitalization of approximately $705.1M. The 52-week trading range was $3.70 to $5.49. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.