secwatch.observer — SEC 8-K summary
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Issuer:     Cardlytics, Inc. (CDLX)
CIK:        0001666071
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001666071-24-000129
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cardlytics Q2 revenue down 9% to $69.6M, CEO Temsamani resigns, Gupta appointed
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- Q2 2024: Revenue $69.6M (-9% YoY); net loss $4.3M vs $23.5M loss YoY; adjusted EBITDA loss $2.3M.
- Billings $110.4M (+1% YoY); MAUs 165.5M (+3% YoY).
- Q3 2024 guidance: Revenue $56-63M (-29% to -20% YoY); Adjusted EBITDA loss $6.0-3.5M.
- CEO Karim Temsamani resigns effective Aug 16; COO Amit Gupta appointed CEO and to Board.
- Gupta previously COO and GM of Bridg; was with Stripe and Google; Temsamani departure not due to disagreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666071/000166607124000129/0001666071-24-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666071/000166607124000129/cdlx-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001666071-24-000129

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer