PSQ Holdings Q2 revenue jumps on Fintech growth - PSQH News | RalliesPSQ Holdings Q2 revenue jumps on Fintech growth
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PSQH• Outlook
- Company did not provide specific guidance for the current qtr or full yr in the press release
Result drivers
- Fintech segment growth - Co attributed 108% yr/yr revenue growth to performance in its financial technology segment
- Operational efficiency - Revenue per headcount rose 316% yr/yr, indicating improved productivity
Analyst coverage
- The one available analyst rating on the shares is "buy"
- Wall Street's median 12-month price target for PSQ Holdings Inc is $67.50, about 1,724.3% above its July 28 closing price of $3.70
Quarterly results
- US payments infrastructure firm's Q2 revenue grew 108% yr/yr but missed sole analyst estimate
- GAAP operating loss narrowed to $4.8 mln; non-GAAP operating income turned positive
- Company agreed to sell EveryLife brand, continuing shift to core fintech business
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