NerdWallet, Inc. - NRDS STOCK NEWS

NerdWallet (NASDAQ: NRDS), a provider of financial guidance to consumers and small and mid-sized businesses, has announced its plans to release third quarter 2024 financial results on Tuesday, October 29, 2024. The company will host a conference call to discuss these results at 1:30 p.m. Pacific Time on the same day.

Investors and interested parties can access the webcast or audio conference by registering through the link available on NerdWallet's Investor Relations site. A letter to shareholders will also be posted on this site. The webcast replay will remain accessible on the Investor Relations website for 12 months following the event.

NerdWallet (NRDS) has announced a new $50 million share repurchase program, replacing its previous $30 million program which had been exhausted. The company's Board of Directors has authorized this program, allowing NerdWallet to purchase its Class A common stock from time to time, based on market conditions. Repurchases may be made in the open market, through private negotiations, or other means compliant with securities laws. The program has no time limit and can be amended, suspended, or discontinued at any time. The amount and timing of repurchases will be determined by management, considering factors such as market conditions, regulatory requirements, and stock prices.

NerdWallet (Nasdaq: NRDS) reported its Q2 2024 results, highlighting a 5% YoY revenue increase to $150.6M. Key financials include a GAAP net loss of $9.4M or $0.12 per diluted share and a non-GAAP operating loss of $2.7M. Adjusted EBITDA was $14.3M. The company faced headwinds in organic search traffic but sees early recovery signs and remains optimistic about its long-term targets.

Revenue segments showed mixed results: Credit cards down 10% YoY, Loans down 6% YoY, SMB products up 10% YoY, and Emerging verticals up 25% YoY. Average Monthly Unique Users (MUUs) rose 7% YoY to 23M.

NerdWallet announced a restructuring plan effective August 1, 2024, to reduce operating expenses by cutting 15% of its workforce, expecting annualized cost savings of $30M despite a pre-tax restructuring charge estimated between $8M and $10M.

NerdWallet (NASDAQ: NRDS) has announced it will release its second quarter 2024 financial results on July 31, 2024. A conference call to discuss these results will be held at 1:30 p.m. Pacific Time on the same day. Interested parties can access the call through a registration link available on NerdWallet's Investor Relations website. Additionally, a letter to shareholders will be posted, and a replay of the webcast will remain accessible for 12 months.

Education Loan Finance (ELFI) has been awarded the Best Student Loan Refinancing for Parents by NerdWallet in its 2024 Best-Of Awards. Announced on July 10, 2024, the awards highlight top financial products across various categories, based on evaluations by a team of experts. ELFI, a division of SouthEast Bank, offers refinancing options for undergraduate, graduate, and parent student loans, underlining its commitment to excellent service and product offerings. The recognition confirms ELFI's position as a reliable option for parents seeking student loan refinancing.

NerdWallet, Inc. (Nasdaq: NRDS) reported first quarter 2024 results with revenue of $161.9 million, down 5% year-over-year. The company exceeded guidance for adjusted EBITDA and non-GAAP operating income, reaching over 20 million registered users. Despite a tough lending environment, NerdWallet anticipates a return to revenue growth in Q2.

NerdWallet, Inc. (NRDS) to release first quarter 2024 financial results on April 25, 2024. Conference call scheduled at 1:30 p.m. Pacific Time. Investors can access the call via webcast or audio conference.

NerdWallet, Inc. (NRDS) will participate in the KeyBanc Capital Markets Emerging Technology Summit in San Francisco. CEO Tim Chen and CFO Lauren StClair will hold a fireside chat on March 5, 2024. Interested parties can access a live webcast and replay on NerdWallet's investor relations website.

NerdWallet, Inc. (NRDS) reported a fourth-quarter revenue of $133.7 million, down 6% year-over-year, with a full-year revenue of $599.4 million for 2023. The company's GAAP net loss was $2.3 million for Q4'23 and $11.8 million for the full year. Non-GAAP operating income was $12.6 million for Q4'23 and $26.4 million for the full year. Adjusted EBITDA stood at $29.3 million for Q4'23 and $97.6 million for the full year. Despite missing revenue and adjusted EBITDA outlook for Q4, NerdWallet saw an 11% increase in revenue over the previous year, reaching $599 million. The company aims for margin leverage and efficiency improvements to drive growth in the future.