MarketWise (MKTW) Plunges 60%: What Financial Results You Should Be Aware Of?

On the chart for the last month, we can see how the stock slowly falling down with the small volatility. The highest price of the stock was $16.78 on July 30 and the lowest one is $6.79 for today. Just recently, the financial results of the MarketWise were announced. The total revenue increased 71.7% and reached  $142.1 million which is higher compared to $82.8 million in the last year. Total Billings rose by more than  50.4% to $185.1 compared to the $123.1 million in the previous year.

 Also, the total net loss is $8.4 million while in the last year it was $81.0 million. The net loss this quarter was totally driven by $47.4 million in stock-based compensation, whereas stock-based compensation was $78.6 million in the moment quarter of 2020. Cash flow from operations is $58.9 million this year and in the last year, it was $31.6 million. A non-GAAP measure pops for more than  59.0% and totaled $59.4 million in second-quarter 2021 compared to $37.3 million in second-quarter 2020. 

Agneta Johansen

Agneta is still enjoying her trips to Asia and Africa while she works at Own Snap as an author and reporter. Very soon she will settle somewhere in Europe and run her startup enterprise.