Riskified Ltd - RSKD STOCK NEWS

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.

Riskified (NYSE: RSKD) has established a new entity in Tokyo, appointing Anthony Guercio as Country Manager to enhance its eCommerce fraud prevention services in Japan. The market, valued at USD 177.5 billion, faces challenges with a 43% year-over-year increase in fraud due to stolen credit cards. Riskified's platform aids merchants by providing real-time fraud decisioning to increase approval rates. Noteworthy clients include DMM.com, which has adopted Riskified’s Chargeback Guarantee. The company will also participate in the eCommerce Fair Tokyo 2023 on February 9 and 10.

Riskified Ltd. (NYSE: RSKD) announced that it will release its fourth quarter and full-year 2022 financial results on February 23, 2023, before market opening. A conference call will follow at 8:30 a.m. ET to discuss the results and company performance. This presentation is crucial for investors as Riskified focuses on eCommerce fraud and risk intelligence, providing insights into financial progress and strategic direction. The webcast will be accessible on the Company's Investor Relations website.

Riskified (NYSE: RSKD), a leader in eCommerce risk intelligence, has unveiled 'Identity Explore', a new feature enhancing its Policy Protect product. This innovation allows merchants to visualize customer identities, tailoring experiences and policy decisions. After refining its fraud prevention technology for a decade, Riskified's Policy Protect uses machine learning to combat policy abuse, resulting in significant cost savings for retailers. Notably, leading merchants have reported a 15x increase in thwarting policy-related abuses and 70% savings on promotion budgets. The introduction signifies Riskified's commitment to empowering merchants while minimizing losses.

Riskified (NYSE:RSKD) has announced its integration with the SAP Commerce Cloud, enhancing access to its fraud prevention services for merchants. Partnering with EPAM Systems, a recognized digital transformation firm, Riskified simplifies integration, which reduces costs for eCommerce merchants.

This strategic move expands Riskified's reach across major platforms and supports merchants in combating fraud and chargebacks effectively. The integration demonstrates Riskified's commitment to providing advanced risk management solutions and improving the eCommerce experience.

Riskified Ltd. (NYSE: RSKD) announced participation in the Credit Suisse 26th Annual Technology Conference, taking place on November 29, 2022. CEO Eido Gal will host a fireside chat at 3:40 PM ET in Scottsdale, Arizona. The event aims to highlight Riskified's fraud management platform, enhancing eCommerce by ensuring safety and reducing operational costs through advanced machine learning. A live webcast will be available on the company's Investor Relations website.

Riskified Ltd. (NYSE: RSKD) reports robust financial results for Q3 2022, showcasing a 20% revenue increase to $63.2 million, driven by a 21% rise in gross merchandise volume to $25.3 billion. The company has raised its full-year revenue guidance to between $257 million and $261 million, alongside an improved Adjusted EBITDA outlook. Strong growth in upsell activity, particularly from larger merchants, and enhanced leadership in the tickets and travel vertical were highlighted. Despite net losses, the firm expects a profitable trajectory heading into Q4 2022.

Riskified Ltd. (NYSE: RSKD) is set to announce its third quarter 2022 financial results before market opening on November 9, 2022. The management team will hold a conference call and webcast at 8:30 a.m. ET to discuss the company's performance and business updates. The event can be accessed via a registration link or through their Investor Relations website at riskified.com.

Riskified Ltd. (NYSE:RSKD) has partnered with Aurus, Inc. to enhance payment management for merchants. This collaboration allows AurusPay users to leverage Riskified’s machine-learning risk management solution, ensuring a full chargeback guarantee. A Forrester TEI study highlighted that clients using Riskified have realized $71.3 million in benefits, including $13.1 million in chargeback savings over three years. Both companies aim to streamline payment processes while reducing fraud and operational costs.