Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
BM Technologies (BMTX)
NYSE MKT:BMTX
Holding BMTX?
Track your performance easily
Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.11Last Year’s EPS
-$0.34Same Quarter Last Year
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: 1.48%
|Next Earnings Date:Mar 26, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments, such as significant growth in interchange and card revenue, successful product launches, and strong client retention, alongside challenges like continued core EBITDA loss and a decline in servicing fee revenue and BaaS deposits. The sentiment remains balanced with promising growth potential in higher education and new product offerings, yet concerns persist about profitability in the BaaS business.Company Guidance
During the BM Technologies Q2 2024 earnings call, the company provided detailed guidance on various financial and operational metrics. Operating revenues for the second quarter were $12.5 million, consistent with the prior year, while interchange and card revenue increased by 57% to $2.3 million, attributed to a switch to a Durbin-exempt bank. The core EBITDA loss was slightly improved at $880,000 compared to $906,000 in the previous year. The company processed $1.9 billion in student financial refund disbursements, with 12% deposited into BankMobile Vibe accounts. BaaS business deposits decreased significantly by 47% year-over-year due to interest rate sensitivity. The higher education vertical remained stable, with average deposits at $425 million. The new Cash Back Rewards Engine, launched in July, showed promising engagement, with customers transacting 1.4 more times per month, leading to over $20,000 in cashback rewards. The company retained over 99% of its higher education clients and reported strong liquidity with $12.5 million in cash and no debt. Additionally, strategic investments in technology were highlighted, including the completion of a new platform architecture and the introduction of an Identity Verification Service, aiming to enhance operational efficiency and expand product offerings.Interchange and Card Revenue Growth
Interchange and card revenue increased by 57% year-over-year due to the switch to a Durbin-exempt bank.
New Product Launches
Launched the Cash Back Rewards Engine and Identity Verification Service, enhancing value for students and universities.
Strong Client Retention
The company retained over 99% of its higher education and institutional clients in the second quarter of 2024.
Technology Transformation
Completed technology platform transformation, enabling rapid addition of new products and services.
Increased Engagement with New Features
Early engagement metrics improved with the Cash Back Rewards Engine, with customers swiping one more time a month on average.
Strong Pipeline for ID Verification Product
Signed 15 universities for the IDV product with a strong sales pipeline anticipated for the remainder of the year.
---
BMTX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
BMTX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $4.73 | $4.77 | +0.85% |
| Aug 14, 2024 | $2.63 | $2.77 | +5.32% |
| May 15, 2024 | $1.71 | $2.80 | +63.74% |
| Apr 03, 2024 | $1.59 | $1.61 | +1.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does BM Technologies (BMTX) report earnings?
BM Technologies (BMTX) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is BM Technologies (BMTX) earnings time?
BM Technologies (BMTX) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BMTX EPS forecast?
BMTX EPS forecast for the fiscal quarter 2024 (Q4) is -$0.11.
---