Remitly Global, Inc. (RELY) reported a quarterly loss of $0.03 per share, which is better than the Zacks Consensus Estimate of a $0.07 loss. This is an improvement compared to a loss of $0.19 per share from the same period last year.
In the fourth quarter, the number of active customers increased by 32%, and revenue rose by 33% compared to the previous year. However, there was a net loss of $5.7 million for the quarter, while the Adjusted EBITDA stood at $43.7 million.
In 2024, growth stocks are experiencing a revival. I've noticed that some specific stocks have increased by 100%, 200%, or even more this year.
SEATTLE, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a reliable provider of cross-border digital financial services, has announced that its management team will speak at the 2024 Wells Fargo TMT Summit.
Remitly Global, Inc. (NASDAQ:RELY) will hold its Q3 2024 Earnings Conference Call on October 30, 2024, at 5:00 PM ET. The call will feature company representatives including Stephen Shulstein, Matt Oppenheimer, and Vikas Mehta, along with various participants from financial institutions. The operator has announced that all attendees are currently in listen-only mode.
Remitly Global, Inc. (RELY) reported quarterly earnings of $0.01 per share, which is better than the Zacks Consensus Estimate that predicted a loss of $0.06 per share. This is an improvement compared to a loss of $0.20 per share from the same time last year.
Remitly's stock price jumped in after-hours trading after the Seattle-based digital money transfer company announced it had its first profitable quarter.
This year, Remitly (RELY) stock has not done well, dropping more than 22%, while the Nasdaq 100 and S&P 500 have risen over 20% and reached record highs. The stock is still 47% lower than its peak in 2023 and 72% below its all-time high, resulting in a market capitalization of $2.9 billion.
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SEATTLE, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a reliable provider of cross-border digital financial services, has announced that its management team will speak at the 2024 Goldman Sachs Communacopia + Technology Conference.