Author Bio
Harsh has been covering technology, and sometimes retail, since 2011. He is focused on finding great businesses for the long run. You can follow him on twitter @techjunk13 Follow @techjunk13
Cathie Wood, the founder and CEO of ARK Investment Management, grabbed headlines last year thanks to the terrific performance of five of her exchange-traded funds (ETFs) that registered gains of over 100%.
As the Motley Fool s Danny Vena points out, Wood was able to deliver impressive gains because of her focus on finding disruptive companies sitting on long-term secular catalysts.
Twilio (NYSE:TWLO) is one such stock in Wood s portfolio. The cloud communications specialist is the 10th-largest holding in the
CHICAGO, May 13, 2021 /PRNewswire/ Opportunity Financial, LLC (
OppFi or the Company ), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today reported financial highlights for the first quarter ended March 31, 2021. On February 9, 2021, OppFi and FG New America Acquisition Corp. (NYSE: FGNA), a special purpose acquisition corporation, entered into a definitive agreement for a business combination that would result in OppFi becoming a public company. Our strong results in the first quarter of 2021 reinforce our efforts to efficiently serve the overlooked everyday consumer, stated Jared Kaplan, chief executive officer, OppFi. During the quarter, credit performance continued to show positive momentum from 2020, which drove improved profitability. Our ongoing artificial intelligence enhancements led to an increase in our auto-approval rate quarter over quarter to 41% from 26%, and we expect it will reach 60% by
How has the pandemic changed marketing? What has shifted and what has stayed the same?
Results from the 26th edition of The CMO Survey published in February 2021 and the Special COVID-19 version published in June 2020 reveal several important trends. Read on for our top 10 COVID updates for the marketing profession:
1. Marketer Optimism Reaches Near-Record High After Pandemic Brought It Close to Record Low
Pre-pandemic, The CMO Survey showed optimism hovering around 60 points (on a scale of 0 to 100). In the midst of the pandemic, the Special Covid Edition in June 2020 showed optimism plummeting to 50.9, with the only lower result coming in February 2009 during the Great Recession, when we recorded 47.7 points. February 2021 responses averaged 66.3 points â a 30.3% increase and the third highest value in the history of The CMO Survey.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Alkami Announces First Quarter 2021 Financial Results
Alkami Technology, Inc.May 11, 2021 GMT
PLANO, Texas, May 11, 2021 (GLOBE NEWSWIRE) Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for U.S.-based financial institutions, announced today results for its first quarter ending March 31, 2021.
First Quarter 2021 Financial Highlights
GAAP total revenue of $33.3 million, an increase of 43% year-over-year;
GAAP gross margin of 53.4%, an expansion of nearly 470 basis points year-over-year;
Non-GAAP gross margin of 54.5%, an expansion of approximately 540 basis points year-over-year;
GAAP net loss of ($10.9) million compared to a net loss of ($10.3) million in the prior year; and,
April 15, 2021
Focus on chasing growth and huge marketing costs are two major reasons India s most-valued edtech firm BYJU S, which was targeting $150 million in net profit, has not been able to achieve it despite being backed by the onrush of 25 million-plus new users on its platform in pandemic-struck 2020. The start-up has grown its registered student user base from 70 million 4.5 million annual paid subscriptions last October to 80 million registered students 5.5 million annual paid subscriptions at present.
Focus on chasing growth vs profitability, huge investments in marketing, increasing its penetration into tier 2, tier 3 and tier 4 towns, heavy investments in office space, and high price points of its annual subscriptions are some of the reasons that may have come in the way of BYJU’s achieving its net profit target.