ATLANTA (AP) — ATLANTA (AP) — Cardlytics, Inc. (CDLX) on Wednesday reported a first-quarter loss of $24.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Atlanta-based company said it had a loss of 56 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 9 cents per share.
The company posted revenue of $67.6 million in the period.
Cardlytics shares have increased 59% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.60, more than doubling in the last 12 months.
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