SoFi Technologies (NASDAQ: SOFI) shares gained more than 12% on Monday after the company reported its Q4 results, with EPS of ($0.05) coming in better than the Street estimate of ($0.09). Revenue was $443.42 million, beating the Street estimate of $425.37 million.
The company expects Q1/23 revenue to be in the range of $430-440 million, compared to the Street estimate of $425.84 million. For fiscal 2023, the company expects revenue in the range of $1.925-2.0 billion (up 25–30% year-over-year), better than the Street estimate of $1.53 billion. Adjusted EBITDA is expected around $260–280 million at a 30% incremental EBITDA margin.
Management expects to reach quarterly GAAP net income profitability by Q4/23, with GAAP net income incremental margins of 20% for 2023.
SoFi Technologies Gains 12 percent on Q4 Beat & Strong Outlook
SoFi Technologies Gains 12 percent on Q4 Beat & Strong Outlook
Date:
