Risquiped, a fintech company managed by co-founder Ido Gal, exceeded analysts’ forecasts in the first quarter and raised its annual EBITDA forecast slightly. The company’s quarterly revenues reached $76.4 million, an 11% increase from the previous quarter. According to GAAP rules, the company reduced its net loss by 35% to $11.6 million. On a Non-GAAP basis, they recorded a net profit of $7 million, compared to a balance in the corresponding quarter. Earnings per share were 4 cents, double market forecasts.
In response to the release of the Consumer Price Index (CPI), leading contracts in the United States are rising by 0.4% each hour. The inflation data in the USA showed an increase this month of 0.3% and a 3.4% increase in the last 12 months. This is slightly lower than expectations, pointing towards a possible interest rate cut at the Fed meeting in September.
The automotive company REE announced a partnership with Penske Truck Leasing to offer electric vehicles for demonstrations and orders. The P7-C truck, with steering and drive on all four wheels, is the first world truck that is software-based and licensed by the American Ministry of Transportation (DOT).
In Europe, stocks are trading in mixed trends as some fall while others surpass their profit line forecasts. Investors are awaiting inflation data from various countries like Germany and France to be published later today at 9:00 AM Israel time or early morning US time respectively.
stock Monday.com saw a jump of about 20% in early trading after publishing its financial results for Q1 ending March 31st ,2023 .The company’s revenues reached $216.9 million, a 34% increase from the previous quarter.
Looking ahead, the company anticipates second-quarter revenues of $226-230 million.
The European indices are trading in mixed trends with some stocks falling while others surpassing their profit line forecasts
