MoneyHero (NASDAQ:MNY) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

MoneyHero (NASDAQ:MNY) released its quarterly earnings data on Friday. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01), FiscalAI reports. MoneyHero had a negative net margin of 12.53% and a negative return on equity of 16.25%. The business had revenue of $15.75 million during the quarter, compared to the consensus estimate of $21.53 million.

Here are the key takeaways from MoneyHero’s conference call:

• Positive Sentiment: Adjusted EBITDA loss narrowed 17% year over year to $1.6 million in Q2 and 49% to $2.7 million for the first half, while the company ended the period with $28.2 million in cash and no debt.
• Neutral Sentiment: Reported Q2 revenue fell 13% year over year to $15.8 million, largely because $5.1 million of cash rewards are deducted from revenue under IFRS. Including rewards, transaction value was flat in Q2 and rose 9% year over year in the first half.
• Positive Sentiment: The company reported improved funnel quality and cost discipline, including a nine-percentage-point increase in approval rates to 48%, a 50% reduction in technology costs, and a 12% decline in advertising and marketing expenses.
• Positive Sentiment: Management highlighted new growth initiatives, including a Singapore home-loan comparison category, Hong Kong’s online life-insurance marketplace, exclusive banking partnerships, and AI-enabled products intended to improve engagement and lower acquisition and support costs.
• Negative Sentiment: Credit-card revenue declined 18% year over year, while management acknowledged softer application volumes and said it must stabilize Singapore and rebuild Taiwan volume on a more profitable basis amid dynamic market conditions.

MoneyHero Trading Down 8.6%

MoneyHero stock opened at $0.77 on Friday. The business’s fifty day simple moving average is $0.92 and its two-hundred day simple moving average is $1.17. MoneyHero has a 12 month low of $0.75 and a 12 month high of $2.40. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $33.66 million, a price-to-earnings ratio of -2.56 and a beta of 1.22.

Institutional Trading of MoneyHero

An institutional investor recently bought a new stake in MoneyHero stock. Virtu Financial LLC bought a new position in MoneyHero Limited (NASDAQ:MNY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,445 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned approximately 0.06% of MoneyHero at the end of the most recent quarter. 30.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of MoneyHero from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, MoneyHero currently has a consensus rating of “Reduce”.

MoneyHero Company Profile

MoneyHero Group Ltd (NASDAQ: MNY) operates an online comparison marketplace that helps consumers research, compare and select a broad array of financial and lifestyle products. Through its digital platform, MoneyHero presents side-by-side comparisons for credit cards, personal loans, mortgages, various insurance policies, broadband and mobile plans, as well as utility services. The site features interactive tools such as personalized calculators, user reviews and curated offer alerts, designed to simplify complex product information and enhance consumer decision making.

Founded in Hong Kong in 2014, MoneyHero has expanded its presence to serve customers in Singapore and Malaysia.