BM Technologies Non-GAAP EPS of -$0.28 misses by $0.13, revenue of $14.86M misses by $0.09M (NYSE:BMTX)
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BM Technologies press release (NYSE:BMTX): Q4 Non-GAAP EPS of -$0.28 misses by $0.13.
Revenue of $14.86M (-5.2% Y/Y) misses by $0.09M.
The Company anticipates revenue growth in 2024 driven by investments in the Higher Education vertical and the full year effect of Durbin-exempt interchange rates on the majority of serviced deposit account holder’s debit card spend. The Company also expects a return to positive Core EBITDA1 in 2024 based on these higher revenues and stricter cost controls implemented as part of the Company’s PEP
