Figure Technology shares rise 6% after preliminary Q4 revenue tops estimates
Figure Technology shares increased 6% after preliminary Q4 revenue projections surpassed analyst expectations.Summary
Figure Technology Solutions shares saw a roughly 6% increase in early trading after the company announced preliminary fourth-quarter results that exceeded analyst expectations. The firm projected Q4 revenue between $158 million and $162 million, beating the consensus estimate of $154 million, while adjusted EBITDA forecasts were generally in line with expectations. This positive outlook was supported by a 131% year-over-year jump in consumer loan originations on its marketplace, demonstrating strength in its primary onchain credit platform. The update coincided with filings for a secondary share offering and plans for stock repurchase, as investors monitor the ongoing expansion of Figure's blockchain-based lending infrastructure.
(Source：Crypto Briefing)