Loading...
•
Dec 31, 2023
Forge Q4 2023 Earnings Report
Forge reported a slight revenue increase and a larger net loss compared to the previous quarter.
Key Takeaways
Forge Global Holdings, Inc. reported a 13% year-over-year increase in total revenue less transaction-based expenses, reaching $18.9 million in Q4 2023. Trading volume saw a modest increase, while net loss increased to $26.2 million. The company highlighted investments in technology development and data capabilities as key drivers for future growth.
Total revenue less transaction-based expenses increased 13% year-over-year to $18.9 million.
Trading volume increased 1% year-over-year to $250.4 million.
Net loss increased from $19.0 million in Q3 2023 to $26.2 million in Q4 2023.
Total assets under custody increased 5% year-over-year.
Forward Guidance
Forge estimates 180 million weighted average basic shares outstanding for the quarter ending March 31, 2024.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...