Riskified Ltd. - RSKD STOCK NEWS

Riskified Ltd. (NYSE: RSKD) has announced it will release its first quarter 2023 financial results on May 17, 2023, prior to market opening. A conference call is scheduled at 8:30 a.m. ET for management to discuss the results. Investors can join via telephone by registering through a provided link, ensuring they dial in 15 minutes early to avoid delays. A live and archived webcast will also be available on the company's Investor Relations website.

Riskified specializes in eCommerce fraud and risk intelligence, partnering with major brands to enhance revenues and mitigate risks through data analytics and machine learning.

Riskified (NYSE:RSKD), a leader in eCommerce risk intelligence, has partnered with Deloitte to launch an innovative benchmarking service for merchants. This service aims to provide real-time insights on chargebacks, approval rates, and fraud costs, allowing retailers to assess their operational efficiency. The offering leverages Riskified's analysis of over 2.5 billion transactions and Deloitte's expertise in payment fraud advisory.

Key metrics analyzed include approval rates, fraud losses, and chargebacks across various industries such as fashion and travel. The service is currently available via Deloitte Canada, with plans for future regional expansion. This collaboration seeks to enhance profitability for merchants by optimizing transaction metrics and reducing fraud-related losses.

Riskified (NYSE: RSKD) has appointed Jeff Otto as the new Chief Marketing Officer, effective immediately. Otto, a seasoned marketing leader with over 20 years of experience from Salesforce and Marqeta, will develop a global marketing strategy aimed at enhancing brand presence and accelerating demand for Riskified’s product offerings. CEO Eido Gal expressed confidence in Otto's ability to bolster the company’s growth while addressing eCommerce challenges, especially in fraud protection and profitability. Riskified provides risk intelligence solutions to help merchants combat fraud and chargebacks, enhancing their revenue potential.

Riskified Ltd. (NYSE: RSKD) announced a partnership with Gametime, a ticket marketplace, implementing Riskified’s Chargeback Guarantee solution. This collaboration has led to a 1.5% increase in transaction success rates and an eight-point rise in Gametime's Net Promoter Score, indicating enhanced customer satisfaction. Gametime faced unique fraud challenges in the ticketing sector and benefited from Riskified's machine-learning platform, which improved fraud detection and streamlined the purchasing process. The partnership aims to balance fraud prevention while enhancing the customer experience, aligning with Gametime's growth objectives.

Riskified Ltd. (NYSE: RSKD) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2022. The report is accessible through the company's investor relations website and on the SEC's website. Shareholders can request a hard copy of the report, including audited consolidated financial statements, free of charge. This filing underlines Riskified's commitment to transparency and offers insights into its financial health and operations in eCommerce fraud and risk intelligence.

Riskified Ltd. (NYSE: RSKD) has announced its financial results for Q4 and full year 2022, showing a 14% year-over-year revenue increase to $261.2 million. The company reported an operating loss of $108.6 million but improved cash flow by approximately 70%. Riskified ended 2022 with $483 million in cash and no debt. The company is optimistic about 2023, projecting revenue between $297 million and $303 million and a significant reduction in Adjusted EBITDA losses. The firm aims for profitability by strategically investing in technology and optimizing its expense base.