BM Technologies, Inc.

Equities

BMTX

US05591L1070

Financial Technology (Fintech)

Market Closed - Nyse Other stock markets 04:00:00 2023-12-01 pm EST			5-day change	1st Jan Change
3.160 ^USD	+3.27%		+3.27%	-39.35%

Nov. 20	BM Technologies Seeks M&A Opportunities	CI
Nov. 20	Transcript : BM Technologies, Inc., Q3 2023 Earnings Call, Nov 20, 2023	CI

BM Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

November 20, 2023 at 04:14 pm EST

BM Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 14.74 million compared to USD 19.86 million a year ago. Net loss was USD 3.95 million compared to USD 4.92 million a year ago. Basic loss per share from continuing operations was USD 0.34 compared to USD 0.41 a year ago. Diluted loss per share from continuing operations was USD 0.34 compared to USD 0.41 a year ago.
For the nine months, revenue was USD 41.21 million compared to USD 67.91 million a year ago. Net loss was USD 13.37 million compared to net income of USD 3.41 million a year ago. Basic loss per share from continuing operations was USD 1.16 compared to basic earnings per share from continuing operations of USD 0.29 a year ago. Diluted loss per share from continuing operations was USD 1.16 compared to diluted earnings per share from continuing operations of USD 0.28 a year ago.

Latest news about BM Technologies, Inc.

BM Technologies Seeks M&A Opportunities	Nov. 20	CI
Transcript : BM Technologies, Inc., Q3 2023 Earnings Call, Nov 20, 2023	Nov. 20	CI
Earnings Flash (BMTX) BM TECHNOLOGIES Posts Q3 Revenue $14.7M, vs. Street Est of $13.8M	Nov. 20	MT
BM Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 20	CI
BM Technologies, Inc. Announces Resignation of Rajinder Singh as Co-CEO	Sep. 01	CI
Maxim Adjusts Price Target on BM Technologies to $8 From $10, Maintains Buy Rating	Aug. 25	MT
Transcript : BM Technologies, Inc., Q2 2023 Earnings Call, Aug 22, 2023	Aug. 22	CI
Earnings Flash (BMTX) BM TECHNOLOGIES Reports Q2 Revenue $13M	Aug. 22	MT
BM Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	Aug. 21	CI
Chardan Cuts Price Target on BM Technologies to $8 From $13, Maintains Buy Rating	Jul. 26	MT
BM Technologies, Inc. Announces the Appointment of Michael Pavone as Board Member	Jul. 20	CI
BM Technologies, Inc. Announces Board Changes	Jul. 17	CI
BM Technologies, Inc.(NYSEAM:BMTX) dropped from Russell 3000E Growth Index	Jun. 23	CI
BM Technologies, Inc.(NYSEAM:BMTX) added to Russell Microcap Value Index	Jun. 23	CI
BM Technologies, Inc.(NYSEAM:BMTX) added to Russell 3000E Value Index	Jun. 23	CI
BM Technologies, Inc.(NYSEAM:BMTX) dropped from Russell Microcap Growth Index	Jun. 23	CI
Transcript : BM Technologies, Inc. - Shareholder/Analyst Call	Jun. 20	CI
BM Technologies, Inc. entered into a definitive asset purchase agreement to acquire Software Technology of Envel, Inc.	Jun. 19	CI
Transcript : BM Technologies, Inc., Q1 2023 Earnings Call, May 22, 2023	May. 22	CI
Earnings Flash (BMTX) BM TECHNOLOGIES Posts Q1 Revenue $13.5M	May. 22	MT
Tranche Update on BM Technologies, Inc.'s Equity Buyback Plan announced on December 23, 2022.	May. 22	CI
Tranche Update on BM Technologies, Inc.'s Equity Buyback Plan announced on December 23, 2022.	May. 22	CI
BM Technologies, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023	May. 22	CI
Transcript : BM Technologies, Inc., Q4 2022 Earnings Call, Mar 27, 2023	Mar. 27	CI
Earnings Flash (BMTX) BM TECHNOLOGIES Reports Q4 Revenue $15.7M, vs. Street Est of $18M	Mar. 27	MT

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Company Profile

BM Technologies, Inc. is a financial technology company. The Company facilitates deposits and banking services between a customer and its partner bank, Customers Bank. The Company provides high-tech digital banking and disbursement services to consumers and students nationwide through a full service fintech banking platform, accessible to customers anywhere and anytime through digital channels. Its banking platform provides access to checking and savings accounts, personal loans, and financial wellness. Its fintech business model leverages Banking-as-a-Service (BaaS) partnersâ and University partnersâ existing customer bases to achieve high volume, low-cost customer acquisition in its Higher Education Disbursement, BaaS, and niche Direct to Consumer (D2C) banking businesses.

Sector

Financial Technology (Fintech)

Calendar

2024-03-26 - Q4 2023 Earnings Release (Projected)

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Ratings for BM Technologies, Inc.

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3.160USD

Average target price

6.750USD

Spread / Average Target

+113.61%

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Sector Financial Technology (Fintech) (NEC)

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Financial Technology (Fintech) (NEC)