MarketWise ( (MKTW) ) just unveiled an announcement.
On January 15, 2025, MarketWise, Inc. announced a special dividend of $0.03 per share, payable on February 26, 2025, to holders of Class A common stock as of January 29, 2025. The company reported preliminary, unaudited financial results for the fourth quarter of 2024, showing billings of $55 million, a 10% increase from the previous quarter, marking a return to positive cash flow after three quarters of negative results. MarketWise also highlighted improvements in operational efficiencies and maintained a strong balance sheet with $98 million in cash and no outstanding debt, which may enhance intrinsic shareholder value over time.
More about MarketWise
MarketWise, Inc. operates as a multi-brand digital subscription services platform offering premium financial research, software, education, and tools tailored for self-directed investors.
YTD Price Performance: -9.46%
Average Trading Volume: 642,326
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $164.7M
For detailed information about MKTW stock, go to TipRanks’ Stock Analysis page.