NEW YORK (AP) — NEW YORK (AP) — Riskified Ltd. (RSKD) on Wednesday reported a loss of $4.1 million in its fourth quarter.
On a per-share basis, the New York-based company said it had a loss of 2 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 6 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The provider of fraud-prevention services posted revenue of $93.5 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $90.2 million.
For the year, the company reported a loss of $34.9 million, or 20 cents per share. Revenue was reported as $327.5 million.
Riskified expects full-year revenue in the range of $333 million to $346 million.
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