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Marqeta Financial Results for April to June 2021

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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%.

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