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Mar 31, 2024
Forge Q1 2024 Earnings Report
Forge reported its fourth consecutive quarter of revenue improvement, driven by market recovery and strategic focus on technology and data portfolio.
Key Takeaways
Forge Global Holdings, Inc. announced its Q1 2024 financial results, showing revenue improvement and strategic advancements, including the launch of ForgePro and key executive appointments.
Total revenue less transaction-based expenses was $19.2 million.
Trading volume reached $262.5 million.
Net take rate was 3.2%.
Launched ForgePro, the first major milestone in the Forge Next Generation Platform.
Forge
Forge
Forward Guidance
Forge estimates for the quarter ended June 30, 2024, that it will have 183 million weighted average basic shares outstanding, which will be used to calculate earnings per share in a loss position.