Risquiped, a fintech company managed by co-founder Ido Gal, exceeded analysts’ forecasts in the first quarter and raised its annual EBITDA forecast slightly. Their quarterly revenues reached $76.4 million, an 11% increase from the previous quarter. According to GAAP rules, the company reduced its net loss by 35% to $11.6 million. On a Non-GAAP basis, they recorded a net profit of $7 million, compared to a balance in the corresponding quarter. Earnings per share were 4 cents, double market forecasts. Risquiped confirms its annual revenue forecast of $323-335 million and an annual EBITDA forecast of $12-18 million.
In response to the release of the Consumer Price Index (CPI), leading contracts in the United States are rising by 0.4% each hour. The inflation data in the USA showed an increase this month of 0.3% and a 3.4% increase in the last 12 months, which is slightly lower than expectations, pointing towards a possible interest rate cut at the Fed meeting in September.
Automotive company REE announced a partnership with Penske Truck Leasing to offer electric vehicles for demonstrations and orders. The P7-C truck, with steering and drive on all four wheels, is the first world truck that is software-based and licensed by the American Ministry of Transportation.
stock Monday.com saw a jump of about 20% in early trading after publishing its financial results for Q1 2023 – their revenues reached $216.9 million, a whopping 34% increase from Q4 2022! Looking ahead into Q2 2023 earnings anticipation sits at around $226-$230 million – so keep your eye on this tech giant as they continue to grow!
