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Riskified Ltd. (RSKD) is a global leader in eCommerce fraud prevention, providing cutting-edge solutions to protect online merchants from fraudulent transactions. Trusted by hundreds of prestigious brands across various industries, including Wayfair, SHEIN, and Macy's, Riskified harnesses advanced machine-learning algorithms to differentiate between legitimate and fraudulent orders. This not only protects businesses from loss but also ensures a seamless shopping experience for consumers.
Riskified’s platform offers an unparalleled 100% chargeback protection guarantee on every order approved, allowing merchants to operate with confidence. By accurately identifying and eliminating fraud, Riskified enables merchants to increase revenue through higher approval rates for legitimate transactions.
The company operates in diverse sectors such as Payments, Money Transfer & Crypto, Tickets & Travel, Electronics, Home, Fashion & Luxury Goods, General Retail, and Food. This broad applicability underscores the versatility and efficacy of Riskified’s solutions in today’s complex eCommerce environment.
Recently, Riskified has made significant strides in enhancing its platform, incorporating state-of-the-art AI technologies to stay ahead of evolving fraud tactics. The company's commitment to innovation and excellence has earned it a reputation as a trusted partner for eCommerce businesses worldwide.
Riskified's new research reveals a significant shift in ecommerce return and refund policies due to increasing fraud and policy abuse. The study, covering seven major markets, shows that returns, refunds, and exchanges cost retailers $394 billion, with at least $28 billion impacted by fraud and abuse. 84% of merchants find abuse harder to detect, driven by Dark Web 'fraud-as-a-service' groups and malicious GenAI tools.
As a result, retailers are tightening their policies: one-third now charge return fees, another third offer exchange-only or store credit-only policies, and two in five allow just seven days to file claims. However, only 30% of merchants have implemented strategies to prevent fraudulent returns and refunds. Riskified (NYSE:RSKD) suggests adopting identity-based technology approaches to balance customer experience with fraud prevention.
Riskified (NYSE: RSKD), a leading ecommerce fraud and risk intelligence company, has announced its participation in two upcoming conferences. Management will present and host investor meetings at the Goldman Sachs Communacopia + Technology Conference in San Francisco on September 10th at 11:50 AM ET. A live and archived webcast of the presentation will be available on the company's Investor Relations website.
Additionally, Riskified's management team will host in-person investor meetings at the Piper Sandler Growth Frontiers Conference in Nashville on September 11th. These conferences provide opportunities for investors to gain insights into Riskified's operations and future plans.
Riskified (NYSE: RSKD), an ecommerce fraud and risk intelligence leader, announced financial results for Q2 2024. Key highlights include:
- GMV increased 13% year-over-year to $34.99 billion
- Revenue grew 8% to $78.73 million
- Adjusted EBITDA improved to $2.34 million, with a 3% margin
- Non-GAAP gross profit margin rose to 53%
- Operating cash flow turned positive at $4.3 million
The company expanded its leadership in the Tickets and Live Events sector, diversified geographically with new merchants, and landed a key account in Japan. Riskified also repurchased 6.8 million shares for $39 million and was named to CNBC's 2024 List of Top Fintech Companies.
For FY2024, Riskified now expects revenue between $320-$325 million and Adjusted EBITDA between $13-$19 million.
Riskified (NYSE: RSKD), a leader in ecommerce fraud and risk intelligence, has appointed David Meredith to its Board of Directors. Meredith brings extensive experience in corporate strategy, customer acquisition, and organizational leadership from his work with leading SaaS and cloud-based application businesses. His appointment is expected to help Riskified continue delivering long-term shareholder value.
Meredith has three decades of experience in senior executive leadership and board director roles across multi-billion-dollar public companies and private equity-backed technology firms. His notable positions include CEO of Everbridge and Boomi, as well as leadership roles at Rackspace, CenturyLink, and VeriSign. Following Meredith's appointment, Riskified's Board will consist of eight directors, six of whom qualify as independent under NYSE listing rules.
Riskified (NYSE: RSKD), a leader in ecommerce fraud and risk intelligence, will release its second quarter 2024 financial results on August 14, 2024, before market opening.
The company will also host a conference call and webcast at 8:30 a.m. ET to discuss the results. Participants are encouraged to register and dial in fifteen minutes early.
The event will be accessible live and archived via the 'Events & Presentations' section of Riskified's Investor Relations website.
Riskified (NYSE: RSKD), a leader in fraud and risk intelligence, has been named one of the World's Top 250 Fintech Companies by CNBC. This recognition highlights Riskified's market-leading position in the ecommerce fraud and risk intelligence sector. CNBC partnered with Statista to evaluate over 2,000 eligible companies based on various KPIs.
Riskified's AI-powered platform helps businesses boost ecommerce revenues and profit by mitigating risks. The company's vision is to build a safer ecommerce world through AI. Founded over a decade ago, Riskified pioneered a data and machine learning approach to protect online businesses as ecommerce fraud began to rise.
Today, Riskified's risk intelligence platform powers solutions that fight fraud and policy abuse at scale, enabling merchants like Wayfair, Booking.com, and Shein to win more customers, accept more orders, and retain more revenue.
Riskified (NYSE: RSKD) concluded its annual Ascend 2024 ecommerce summit in New York City, unveiling new AI-powered tools to combat fraud and drive growth for ecommerce merchants. This year's theme, 'Ecommerce Champions,' highlighted strategies to boost ecommerce growth amidst rising fraud and abuse. Key innovations include Policy Decisions, part of Riskified's Decision Studio, which allows merchants to manage customer-facing policies with greater precision and flexibility. The summit also celebrated the winners of the Titans of Ecommerce Awards, including leaders from BJ's and Gucci. Ascend 2024, held from June 25-27, gathered global merchants and industry leaders to discuss ecommerce trends and challenges.
Riskified, a leader in ecommerce fraud and risk intelligence, announced its upcoming conference schedule. Management will present and host investor meetings at the William Blair 44th Annual Growth Stock Conference in Chicago on June 4th at 11:00 AM ET, with a live webcast available on their Investor Relations website. Additionally, they will participate virtually in the Oppenheimer 25th Annual Israeli Conference on May 29th. Investors can access archived presentations on the company's website.
Riskified (NYSE: RSKD) announced record quarterly free cash flows and improved 2024 adjusted EBITDA guidance. The company reported a 17% YoY increase in GMV and an 11% YoY increase in revenue for Q1 2024. GAAP gross profit margin rose from 52% to 55%, and net loss margin improved from (26)% to (15)%. Notably, Riskified’s free cash flow increased to $10.5 million from $42 thousand YoY. The company also repurchased 6.4 million shares and authorized an additional $75 million share buyback program. Key achievements include expanded geographic reach, major wins in the Ticketing and Live Events sub-vertical, and several industry awards.
Riskified (NYSE: RSKD) will be presenting at various conferences to showcase its expertise in eCommerce fraud and risk intelligence. The presentations will occur at Barclays 14th Annual Emerging Payments and FinTech Forum in New York on May 16th, J.P. Morgan 52nd Annual Technology, Media and Communications Conference in Boston on May 21st, and Needham 19th Annual Technology, Media, & Consumer Conference on May 16th. The events will be live-streamed and available for viewing on the Company’s Investor Relations website.
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