Riskified Ltd. - RSKD STOCK NEWS

Riskified Ltd. (NYSE: RSKD) released its 2021 Holiday Season Report, highlighting record US online sales projected to exceed $206 billion, with an 11.3% increase expected. The report indicates that fraud attempts during the holidays are significantly higher, particularly in categories like cosmetics, which saw a 47% rise. Additionally, the survey reveals a growing trend in Buy Now Pay Later solutions, especially among Gen Z consumers, with 37% having utilized such services. Merchants are advised to adopt flexible payment options and prioritize fraud mitigation to enhance customer retention.

Riskified Ltd. (NYSE: RSKD) announced its participation in the J.P. Morgan Ultimate Services Conference, featuring a fireside chat and one-on-one investor meetings.

The event is set for November 18, 2021, at 2:30 p.m. Eastern Time. Interested parties can join the webcast here.

An archived version will be available on Riskified's Investor Relations website. The company focuses on eCommerce fraud management, enhancing user experiences and supporting merchants in reducing fraud.

Riskified Ltd. (NYSE: RSKD) reported Q3 2021 financial results showing a 28% increase in gross merchandise volume to $20.9 billion and a 26% growth in revenue to $52.5 million year-over-year. Despite this growth, the net loss surged to $86.9 million, mainly due to non-recurring charges linked to the IPO. The company holds $534.1 million in cash as of September 30, 2021, attributed to IPO proceeds. Riskified anticipates 2021 revenue between $226.2 million and $227.2 million but expects negative Adjusted EBITDA. A conference call is scheduled for November 16 to discuss these outcomes.

Riskified Ltd. (NYSE: RSKD) will announce its third quarter 2021 financial results before the market opens on November 16, 2021. The company will hold a conference call at 8:30 a.m. ET to discuss these results. Investors can access the call by dialing 1-(877) 311-0521 or 1-(470) 495-9499 for international callers, using conference ID 8665109. A live webcast will also be available. Riskified's platform aims to enhance eCommerce by mitigating fraud and improving sales through machine learning.

Riskified Ltd. (NYSE: RSKD) reported significant Q2 2021 financial results, with revenue increasing by 47% to $55.7 million and gross merchandise volume (GMV) rising 55% to $21.5 billion compared to Q2 2020. Despite a net loss of $20.5 million, adjusted EBITDA improved to $1.6 million. The company onboarded new merchants, expanded internationally, and recently completed a successful IPO raising $386.7 million. For Q3 2021, projected revenue is between $50.7 million and $51.2 million.

Riskified (NYSE: RSKD) has renewed its partnership with Wayfair, enhancing fraud management solutions for the eCommerce giant. This collaboration, which began in 2018, aims to further reduce fraud losses and streamline customer experiences. Wayfair's continued investment in Riskified's proprietary machine learning platform has yielded significant returns, demonstrating less fraud and improved transaction approvals. The partnership is set to innovate online shopping and payment processes, leveraging advanced technology to ensure safe and seamless transactions for over 31 million Wayfair customers.

Riskified Ltd. (NYSE: RSKD) announced that its Q2 2021 financial results will be released before the market opens on September 9, 2021. A conference call will follow at 8:30 a.m. ET for management to discuss the results. Riskified's platform aims to enhance eCommerce by providing effective fraud management, which helps merchants increase sales while reducing operational risks. The webcast of this call can be accessed through the company’s Investor Relations website.

Riskified Ltd. successfully closed its initial public offering of 20,125,000 Class A ordinary shares on August 2, 2021, raising approximately $418 million. The shares, priced at $21.00 each, include 19,925,000 offered by Riskified and 200,000 by an existing shareholder. The Class A shares began trading on the NYSE under the ticker symbol RSKD on July 29, 2021. Major firms like Goldman Sachs, J.P. Morgan, and Credit Suisse were involved as lead managers. Riskified aims to enhance eCommerce safety and reduce fraud through its advanced risk management platform.

Riskified announced its initial public offering (IPO) of 17,500,000 Class A ordinary shares priced at $21.00 per share. The offering consists of 17,300,000 shares from Riskified and 200,000 shares from an existing shareholder. Riskified won’t receive proceeds from the latter. The underwriters can purchase an additional 2,625,000 shares within 30 days. Trading on the New York Stock Exchange under the symbol RSKD begins on July 29, 2021, with closing expected on August 2, 2021.