ATLANTA (AP) — ATLANTA (AP) — Cardlytics, Inc. (CDLX) on Wednesday reported a loss of $4.3 million in its second quarter.
On a per-share basis, the Atlanta-based company said it had a loss of 9 cents. Losses, adjusted for non-recurring gains, came to 15 cents per share.
The company posted revenue of $69.6 million in the period.
For the current quarter ending in September, Cardlytics said it expects revenue in the range of $56 million to $63 million.
Cardlytics shares have dropped 25% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.90, a fall of 53% in the last 12 months.
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