AWS Malta | A licensed money transfer operator that offers banking and financial services such as e-banking/internet banking, withdrawals and deposits, mobile banking, online money transfer to Nigeria, mobile and bill payment and more.
Shares of online money transfer platform Remitly (NASDAQ:RELY) jumped 24.5% in the pre-market session after the company reported fourth-quarter results that exceeded Wall Street's revenue and EPS expectations. The company also recorded strong user growth as active customer count grew 41% year on year, and came in ahead of analysts' expectations. Gross margin also improved significantly during the quarter. Looking ahead, revenue guidance for the full year came in ahead of consensus. Zooming out,
Online money transfer platform Remitly (NASDAQ:RELY) reported Q4 FY2023 results exceeding Wall Street analysts' expectations, with revenue up 38.6% year on year to $264.8 million. The company's full-year revenue guidance of $1.24 billion at the midpoint also came in 2.4% above analysts' estimates. It made a GAAP loss of $0.19 per share, down from its profit of $0.05 per share in the same quarter last year.