Banking, finance, and taxes
Green Dot Sees Strong Growth In First Earnings Report (GDOT)
Published:
Last Updated:
Green Dot Corporation (NYSE: GDOT) just reported its first earnings report as a public company. The prepaid financial services company reported a 48% jump up in Non-GAAP operating revenues to $92.8 million, followed by a 20% gain in non-GAAP income of $15.5 million.
The company has now issued well over 12 million general purpose reloadable card accounts since our founding. Here were the remaining stats:
- General purpose reloadable debit cards activated was 1.5 million, up 67%.
- Cash transfers was 6.4 million, up 56%.
- Active cards was 3.2 million, up 60%.
- Gross dollar volume was $2.4 billion, up 77%.
Unfortunately, there are no estimates available yet as the quiet period is still ongoing. Shares closed down 0.79% at $46.56 on only 59,000 shares. Not bad considering the IPO priced at $36.00 just last month, above the range indicated of $32.00 to $35.00.
JON C. OGG
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
