$UP Fintech (TIGR.US)$ Net loss of 21.5 million for this qua...
$UP Fintech(TIGR.US$
Net loss of 21.5 million for this quarter.
Miss revenue estimates of $74.78 million also.
Saving grace is the new 153k funded account compared to the bigger Futu which reported 211k new funded account
Net loss of 21.5 million for this quarter.
Miss revenue estimates of $74.78 million also.
Saving grace is the new 153k funded account compared to the bigger Futu which reported 211k new funded account
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Lose Till Pant Drop : hmm there are reported loss too, not sure how will this impact the shares later
老Uncle Lose Till Pant Drop:
huatSG : bad news up, good news down haha
老Uncle huatSG:
老Uncle huatSG: but also never underestimate the power of growth which could outpower this temp small loss
101671257OP huatSG: I am afraid so.
Might be up due to short covering and the share price have been beaten down too much.
To be frank this earnings is below average
TraderGoat : I also think the earnings is very subpar, recorded loss somemore making the trailing PE ratio more than 150. Crazy Valuation, I am SurpriseD it still can up 6 pct pre market. Crazy lol.
Poop Turtle TraderGoat: That why need to have some losses to get u to sign up. This is a Important first step. After that can always throw promotions to make u trade.. Same like bank issuing credit card… Once sign up there will be a percentage will use the services. The effect one are the local brokerage first. Slowing cutting staff and office space reducing overhead to stay profitable. After that they find their scale too small to complete with the app at a later stage