MoneyHero (NASDAQ:MNY) Issues Quarterly Earnings Results

MoneyHero (NASDAQ:MNY) posted its earnings results on Friday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01), FiscalAI reports. MoneyHero had a negative return on equity of 16.25% and a negative net margin of 12.53%.The business had revenue of $15.75 million for the quarter, compared to analyst estimates 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 Stock Down 8.6%

Shares of NASDAQ MNY opened at $0.77 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $0.92 and its two-hundred day moving average is $1.17. MoneyHero has a 52-week low of $0.75 and a 52-week high of $2.40. The firm has a market cap of $33.66 million, a price-to-earnings ratio of -2.56 and a beta of 1.22.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Institutional Investors Weigh In On MoneyHero

An institutional investor recently bought a new stake in MoneyHero stock. Virtu Financial LLC acquired a new stake in MoneyHero Limited (NASDAQ:MNY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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.

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.