Market DisconnectDespite the beat and solid guidance, shares were down over 10% on the day, indicating a disconnect in the market.
Market ReactionDespite strong Q4 results and solid guidance, shares were down over 10%, indicating a market disconnect possibly due to management’s wide guidance range or concerns around US unsecured consumer credit.
Uncertain GuidanceManagement targets a conservative 40% revenue growth for QuidMarket in the next year but expects growth to accelerate meaningfully beyond that with Propel’s capital support.