earnings
confidence high
sentiment negative
materiality 0.75
Green Dot posts Q3 net loss of $6.3M, revenues up 3% YoY; non-GAAP EPS down 68%
GREEN DOT CORP
- Total operating revenues $353M, up 3% YoY; net loss of $6.3M vs net income of $4.7M.
- GAAP diluted EPS $(0.12) vs $0.09; non-GAAP diluted EPS $0.14, down 68% from $0.44.
- Adjusted EBITDA $23.7M, down 48% YoY; adjusted EBITDA margin 6.8% vs 13.5%.
- Completed processor conversions; management expects momentum in GO2bank and B2B segments.