Cardlytics Stock Price, News & Analysis

Cardlytics, a digital advertising platform, is set to release its first quarter financial results for the period ending March 31, 2023, on May 4, 2023, after the market close. The company will conduct a conference call at 5:00 PM ET to discuss these results, which can be accessed through their Investor Relations website. Cardlytics collaborates with financial institutions to enhance customer loyalty through rewards programs, providing insights into consumer spending to assist marketers in reaching potential buyers effectively. This strategic focus on data-driven marketing aims to deepen relationships between banks and their customers, with the company headquartered in Atlanta and a presence in major U.S. cities and London.

Cardlytics (NASDAQ: CDLX) updated its Q1 2023 guidance, projecting billings between $93.0 - $97.0 million, revenue of $63.5 - $66.5 million, adjusted contribution at $30.0 - $33.0 million, and improved adjusted EBITDA ranging from ($8.0) to ($5.0) million. CEO Karim Temsamani attributed the optimistic revisions to stronger-than-expected growth in the U.S. market and effective product enhancements. Additionally, the company implemented $3.5 million in one-time cost savings to better manage expenses.

These results are preliminary and subject to change pending final quarter-end reviews.

Cardlytics (NASDAQ: CDLX) announced that Chief Financial Officer Andy Christiansen will resign effective July 21, 2023, after over three years in the role. The company is in the process of finding a successor through an executive search firm. CEO Karim Temsamani and Chairman John Balen praised Christiansen's contributions, particularly in achieving short- and long-term financial goals. Notably, Cardlytics aims for positive free cash flow in Q3 2023 and anticipates resolving the Bridg earnout dispute next month. These developments highlight ongoing financial strategies crucial for the company’s future performance.

On March 14, 2023, Cardlytics (NASDAQ: CDLX) announced borrowing $30 million from its $60 million line of credit with Pacific Western Bank. CEO Karim Temsamani emphasized this move as a proactive measure amid financial sector uncertainties. The company is also implementing a multi-bank deposit program to reduce dependence on single institutions and maximize FDIC insurance coverage. Cardlytics aims for liquidity and long-term profitability, while its advertising platform continues to enhance customer loyalty for financial partners. Further details can be found in its latest Annual Report.

Cardlytics, Inc. (NASDAQ: CDLX) reported financial results for Q4 and FY 2022, revealing total revenue of $82.5 million for Q4, down 8.4% from the previous year, and $298.5 million for the full year, a 11.8% increase. The net loss for Q4 was $(378.3) million or $(11.32) per share. Non-GAAP net loss for Q4 stood at $(9.7) million. Despite macroeconomic challenges, the company achieved double-digit growth in 2022. Looking ahead, Cardlytics expects modest growth for 2023, with Q1 guidance for revenue between $54.0 and $63.0 million.

Cardlytics, Inc. (NASDAQ: CDLX) announces its fourth-quarter financial results will be released on March 1, 2023, after market close. The company, which focuses on digital advertising within banks' channels, will host a conference call at 5:00 PM ET to discuss these results. Investors can access a live audio webcast on the Cardlytics Investor Relations website and a replay will be available until March 8, 2023. Cardlytics leverages partnerships with financial institutions to enhance customer loyalty and provide insights into consumer spending patterns for effective marketing strategies.

Cardlytics (NASDAQ: CDLX) has appointed Amit Gupta as Chief Operating Officer, effective January 23, 2023. Gupta will oversee overall operations and strategy, aligning with sales and engineering teams to enhance the platform's offerings. He also takes the role of general manager at Bridg, working closely with current CEO Amit Jain during a transition period. Gupta brings significant experience from Stripe and Google, particularly in strategy and operations related to digital advertising and financial technology. His appointment is expected to drive operational excellence and growth for the company.

Cardlytics (NASDAQ: CDLX) announced the grant of 350,000 restricted stock units to new Chief Operating Officer, Amit Gupta, as a part of its 2022 Inducement Plan. This grant is a material inducement for Gupta’s employment and adheres to Nasdaq Listing Rule 5635(c)(4). The vesting schedule includes 50% on the first anniversary and the remaining 50% quarterly over the subsequent year, contingent on Gupta's ongoing service. Cardlytics operates as a digital advertising platform leveraging banking data to enhance customer loyalty and marketer engagement.