Have you ever heard of Marqeta (ticker symbol: MQ), a U.S. stock?
It is a company that provides a card-issuing platform.
In this article, I will introduce the company’s financial results for the period from April to June 2021, which were announced on August 11, 2021.
Financial Results for April to June 2021
EPS of -29¢ versus -8¢ expected.
Net sales of $122 million vs. forecast of $102 million.
Sales growth rate was 76.2% YoY.
Gross profit was $46.98 million. Gross profit was $46.98 million, compared to $27.62 million in the same period last year.
Gross margin was 38%. In the same period last year, it was 40%.
Net income was -$6.855 million. In the same period last year, it was -$7.11 million.
Net income margin was -56%. In the same period last year, it was -10%.