Riskified: Q2 Earnings Snapshot

August 10, 2022 GMT

TEL AVIV-YAFO, Israel (AP) _ Riskified Ltd. (RSKD) on Wednesday reported a loss of $33 million in its second quarter.

On a per-share basis, the Tel aviv-Yafo, Israel-based company said it had a loss of 20 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 8 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.

The provider of fraud-prevention services posted revenue of $59.9 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $58 million.

Riskified expects full-year revenue in the range of $255 million to $258 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RSKD at https://www.zacks.com/ap/RSKD