Money Forward - Q2 22 Results Reaction: Mixed Results Short of Consensus

Money Forward - Q3 22 Results Reaction: Revenue Is Growing but so Are EBITDA Losses

Money Forward - Q4 Results Reaction: Encouraging Signs of User Growth and Monetization

Telco/Internet specialist

Kirk Boodry

Redex Research

Equity Bottom-Up

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<li>
<a href="https://www.smartkarma.com/entities/money-forward-inc" target="_blank" data-smartkarma-citation="entities:25919:1" rel="noopener">Money Forward (3994 JP)</a> posted solid Q1 financial results as revenue growth rebounded and EBITDA losses were within management's forecast</li>
<li>But revenue guidance for Q2 was weaker than expected and represents the lowest YoY growth to date which has raised questions on the effectiveness of marketing spend</li>
<li>Full year guidance remains intact and the company expects that underlying growth in recurring revenue to remain robust which is positive for the long term thesis</li>
</ul>



Money Forward (3994 JP) posted solid Q1 financial results as revenue growth rebounded and EBITDA losses were within management's forecast
But revenue guidance for Q2 was weaker than expected and represents the lowest YoY growth to date which has raised questions on the effectiveness of marketing spend
Full year guidance remains intact and the company expects that underlying growth in recurring revenue to remain robust which is positive for the long term thesis


Money Forward Q1 22 Results: Mixed Quarter but Underlying KPIs Solid