MoneyHero Q3 Sales $20.25M Up From $17.33M YoY; Adjusted EBITDA Loss $(1.26)M Down From $(3.04)M YoY
Portfolio Pulse from Benzinga Newsdesk
MoneyHero (NASDAQ:MNY) reported a 16.85% increase in Q3 sales to $20.25M, up from $17.33M in the same period last year. The company also saw an improvement in its adjusted EBITDA loss, which narrowed to $(1.26)M from $(3.04)M YoY.
December 06, 2023 | 12:05 pm
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MoneyHero reported a significant increase in Q3 sales and a reduction in adjusted EBITDA loss compared to the same period last year.
The reported increase in sales and the reduction in adjusted EBITDA loss are positive indicators of MoneyHero's financial performance and operational efficiency. This is likely to be viewed favorably by investors, potentially leading to a short-term positive impact on the stock price.
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