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Upstart | 8-K: Upstart Announces Second Quarter 2024 Results

Upstart | 8-K: Upstart Announces Second Quarter 2024 Results

Upstart | 8-K:Upstart 公布2024年第二季度业绩
美股SEC公告 ·  08/07 04:12

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On August 6, 2024, Upstart Holdings, Inc., a leading AI lending marketplace, disclosed its financial results for the second quarter ended June 30, 2024. The report, filed with the SEC, showed a total revenue of $128 million, marking a 6% decrease from the same quarter in the previous year. The company experienced a loss from operations of $55.5 million, widening from a $33.3 million loss in the prior year's quarter. GAAP net loss was reported at $54.5 million, compared to a $28.2 million loss in the second quarter of 2023. Despite the downturn, Upstart's CEO Dave Girouard highlighted significant advances in AI, a revitalized funding supply, and increased operating efficiency as foundational elements for the company's anticipated comeback. The company also provided a financial outlook for the third quarter of 2024, expecting approximately $150 million in revenue and a contribution margin of about 57%. Upstart's forward-looking statements indicate a positive EBITDA by the fourth quarter of 2024.
On August 6, 2024, Upstart Holdings, Inc., a leading AI lending marketplace, disclosed its financial results for the second quarter ended June 30, 2024. The report, filed with the SEC, showed a total revenue of $128 million, marking a 6% decrease from the same quarter in the previous year. The company experienced a loss from operations of $55.5 million, widening from a $33.3 million loss in the prior year's quarter. GAAP net loss was reported at $54.5 million, compared to a $28.2 million loss in the second quarter of 2023. Despite the downturn, Upstart's CEO Dave Girouard highlighted significant advances in AI, a revitalized funding supply, and increased operating efficiency as foundational elements for the company's anticipated comeback. The company also provided a financial outlook for the third quarter of 2024, expecting approximately $150 million in revenue and a contribution margin of about 57%. Upstart's forward-looking statements indicate a positive EBITDA by the fourth quarter of 2024.
2024年8月6日,领先的人工智能借贷市场Upstart Holdings,Inc.披露了截至2024年6月30日的第二季度财务业绩。该报告已向美国证券交易委员会提交,显示总营业收入为1,2800万美元,较上年同期下降6%。公司的经营亏损为5550万美元,较去年同期的3330万美元的亏损扩大。根据GAAP,报告显示净亏损为5450万美元,较2023年第二季度的2820万美元的亏损有所增加。尽管出现了下行趋势,Upstart的CEO Dave Girouard强调了人工智能方面的重大进展、复苏的融资供应和提高的运营效率,这些因素是公司预期复苏的基石。该公司还为2024年第三季度提供了财务展望,预计营业收入约为1,5000万美元,贡献率约为57%。Upstart的前瞻性声明表明,预计到2024年第四季度将实现正的EBITDA。
2024年8月6日,领先的人工智能借贷市场Upstart Holdings,Inc.披露了截至2024年6月30日的第二季度财务业绩。该报告已向美国证券交易委员会提交,显示总营业收入为1,2800万美元,较上年同期下降6%。公司的经营亏损为5550万美元,较去年同期的3330万美元的亏损扩大。根据GAAP,报告显示净亏损为5450万美元,较2023年第二季度的2820万美元的亏损有所增加。尽管出现了下行趋势,Upstart的CEO Dave Girouard强调了人工智能方面的重大进展、复苏的融资供应和提高的运营效率,这些因素是公司预期复苏的基石。该公司还为2024年第三季度提供了财务展望,预计营业收入约为1,5000万美元,贡献率约为57%。Upstart的前瞻性声明表明,预计到2024年第四季度将实现正的EBITDA。
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