Remitly Global, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 21, 2024 at 04:05 pm EST
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Remitly Global, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 264.76 million compared to USD 191.03 million a year ago. Net loss was USD 35.02 million compared to USD 19.4 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to USD 0.11 a year ago.
For the full year, sales was USD 944.29 million compared to USD 653.56 million a year ago. Net loss was USD 117.84 million compared to USD 114.02 million a year ago. Basic loss per share from continuing operations was USD 0.65 compared to USD 0.68 a year ago.
Remitly Global, Inc. is a digital financial services provider for immigrants and their families in over 170 countries around the world. The Company helps customers send money internationally by leveraging digital channels and supporting cross-border transmissions across the globe. The Companyâs technology platform is purpose-built to localized consumer experiences, enables a robust network of partner integrations, and uses data to optimize business performance. The Company provides a digital cross-border remittance product that is accessible via its mobile app or the Web. It offers a mobile-centric suite of products, global network, localization expertise at scale and data-driven approach. Its mobile app for cross-border remittances provides an easy-to-use, end-to-end process. Its global network of funding and disbursement partnerships enables it to complete money transfers in over 5,000 corridors without the need to deploy local operations in each country.
REMITLY GLOBAL, INC. 
