MoneyLion Expects Q1'2024 Total Revenues, Net Of $115M-$118M, Reflecting 23-26% Growth Y/Y (Est $115.78M); Expects First Positive GAAP EPS Quarter In 2024
Portfolio Pulse from Benzinga Newsdesk
MoneyLion forecasts Q1'2024 revenues of $115M-$118M, indicating a 23-26% year-over-year growth, aligning with estimates of $115.78M. The company also anticipates its first positive GAAP EPS quarter in 2024, with an expected Adjusted EBITDA of $15M-$18M, showcasing a significant improvement in Adjusted EBITDA Margin from 7.8% in Q1 2023 to 13.0-15.3%.
March 07, 2024 | 12:42 pm
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MoneyLion expects a significant year-over-year revenue growth of 23-26% for Q1'2024, with revenues estimated between $115M-$118M. The company also anticipates its first positive GAAP EPS quarter in 2024, alongside an improved Adjusted EBITDA of $15M-$18M, reflecting a higher margin.
MoneyLion's forecasted revenue growth and the anticipation of its first positive GAAP EPS quarter in 2024 suggest a strong financial performance. The significant improvement in Adjusted EBITDA Margin from 7.8% in Q1 2023 to 13.0-15.3% indicates operational efficiency and profitability, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100