Shares of Chime Financial (NASDAQ: CHYM) rallied 44% in August, according to data from S&P Global Market Intelligence.
Chime delivered an excellent second-quarter earnings report, showing stronger-than-expected growth and a significant inflection in profitability. With the stock having sold off since going public a little over a year ago, it's no surprise to see a rally in response to the strong numbers one year later.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In the second quarter, Chime's revenue grew 27% to $670 million, with earnings per share swinging from a loss in the prior-year quarter to a positive $0.07. Both figures handily beat **** yst expectations. Chime also raised its full-year revenue guidance to between $2.725 and $2.745 billion, up from the prior quarter's range of $2.66 billion to $2.69 billion, and adjusted EBITDA (earnings before interest, taxes, and depreciation, and amortization) between $465 and $475 million, up from the prior quarter's guidance between $416 million and $431 million.
While revenue growth came in ahead of expectations, the real story appeared to be the company's skyrocketing profit margins. Second quarter adjusted EBITDA margins of 15% marked a more than 12 percentage point improvement relative to the year-ago quarter.
#year #chime #signal
Chime delivered an excellent second-quarter earnings report, showing stronger-than-expected growth and a significant inflection in profitability. With the stock having sold off since going public a little over a year ago, it's no surprise to see a rally in response to the strong numbers one year later.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In the second quarter, Chime's revenue grew 27% to $670 million, with earnings per share swinging from a loss in the prior-year quarter to a positive $0.07. Both figures handily beat **** yst expectations. Chime also raised its full-year revenue guidance to between $2.725 and $2.745 billion, up from the prior quarter's range of $2.66 billion to $2.69 billion, and adjusted EBITDA (earnings before interest, taxes, and depreciation, and amortization) between $465 and $475 million, up from the prior quarter's guidance between $416 million and $431 million.
While revenue growth came in ahead of expectations, the real story appeared to be the company's skyrocketing profit margins. Second quarter adjusted EBITDA margins of 15% marked a more than 12 percentage point improvement relative to the year-ago quarter.
#year #chime #signal
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