Welcome to our dedicated page for Riskified Ltd. news (Ticker: RSKD), a resource for investors and traders seeking the latest updates and insights on Riskified Ltd. stock.
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 (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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