Aug. 20 at 9:59 PM
$KLAR Last post for today; February is worth remembering here.
Revenue grew 38% and GMV 32%, but Klarna missed earnings with a
$26M loss and disappointed on guidance. The stock fell from around
$20 into the
$12S before ripping back into the
$16S within days.
This ER was different. Revenue grew 27%, TMD 42%, US GMV 27% and Klarna delivered a surprise
$9M profit. Credit losses also improved.
The problem was the FY revenue/GMV guidance cut, mainly due to Germany and FX. That clearly deserved a repricing, but it doesn't suddenly erase everything Klarna is doing well or mean the business has fallen apart.
I'm not expecting a miracle recovery, but after this sell-off, a possible rebound into the
$16-
$17 area really isn't unrealistic.
