Anybody have a take on SOFI now- I kind of want to buy it. Biden has a new payback plan which I thought would of taken a chunk out of SOFI it didn't happen which is good because the whole student debt angle is blow way out of proportion in relation to SOFI. We now appear to be at hat level of support >$8... THOUGHTS-? SoFi Technologies, Inc. (SOFI) NasdaqGS - NasdaqGS Real Time Price. 8.12-0.31(-3.68%) At close: 04:00PM EDT
Key here is that operating margin. And they say " we intend to remain consistently positive on this metric going forward". The Street is gonna love that. Talk about turning a corner. ________________________________ Affirm said fiscal fourth-quarter revenue increased 22% year-over-year to $445.82 million, which beat the consensus estimate of $406.26 million. The company reported a quarterly adjusted loss of 69 cents per share, which beat analyst estimates for a loss of 85 cents per share. Gross merchandise volume achieved $5.5 billion, up 25% year-over-year. Active merchants grew 8% compared to the prior year, while active consumers increased 18%. The company said it saw 3.9 transactions per active consumer during the quarter, up 30% on a year-over-year basis. Affirm said it ended the quarter with $2.1 billion in cash and available-for-sale securities. "Affirm was adjusted operating income positive as the fiscal year came to a close. On an annual basis, we intend to remain consistently positive on this metric going forward," said Max Levchin, founder and CEO of Affirm. "Macroeconomic headwinds persist and more challenges are certain to come, but I think we have proven that Affirm has the talent and the grit to take them on." Affirm expects first-quarter revenue to be between $430 million and $455 million versus estimates of $429.86 million. First-quarter gross merchandise volume is expected to be between $5.3 billion and $5.5 billion. Adjusted operating margin is expected to be between 2% and 4%. Affirm said it expects to achieve full-year profitability on and adjusted operating income basis in fiscal year 2024. Full-year gross merchandise volume is expected to total more than $24 million. Adjusted operating margin is expected to be more than 2%.
lol If you had bought with me you wouldn't feel that way-- what if it rips to $90 + This whole waterfall decline is because of one bone headed purchase...
It's easy to get lost in the hype. And former SPAC etc. But we cannot deny total net revenue or the first two quarters of 2023 was $970 million, a 40% increase year over year. Net Loss was $82 mil for those qtrs (six months) and 1 year ago the number was Net Loss of $206 mil // That's called moving in the right direction.
This is interesting. Impressive they allowed for it in their guidance too. _________________________ Key Assumptions Incorporated in Outlook • We assume that student loan payments will resume on October 1, 2023. We are incorporating consumers’ student loan balances into our underwriting decisions, and therefore expect the resumption of loan repayments to be a modest headwind to our FY’24 GMV.