Forge Global Holdings Inc. (FRGE), a leading private securities marketplace, has released its financial results for the third quarter of fiscal 2024. The earnings call featured CEO Kelly Rodriques and CFO Mark Lee, who discussed the company's performance and fielded questions from participants. The earnings release and accompanying investor presentation are available on Forge's Investor Relations website.
Key Takeaways
- Forge Global Holdings Inc. reported its third quarter fiscal 2024 financial results.
- CEO Kelly Rodriques and CFO Mark Lee presented prepared remarks on the quarter's results.
- The earnings call was webcast live and will be available for replay for 30 days.
- An investor presentation is available on the Forge IR page.
- The team will address questions following the discussion of the financial results.
Company Outlook
- Forward-looking statements were made, reflecting current expectations about future events and financial performance.
Bearish Highlights
- There were no specific bearish highlights mentioned in the provided summary.
Bullish Highlights
- No specific bullish highlights were provided in the summary.
Misses
- The summary did not disclose any misses in Forge's third quarter financial performance.
Q&A Highlights
- The call included a Q&A session, although no specific questions or answers were detailed in the summary.
Forge Global Holdings Inc. has communicated its third quarter fiscal 2024 results in a detailed earnings call. The call, which included CEO Kelly Rodriques and CFO Mark Lee, was aimed at providing investors and analysts with insights into the company's performance and strategic direction. Interested parties can access a replay of the webcast and review the investor presentation on the company's Investor Relations page to gain a deeper understanding of Forge's financials and future outlook.
InvestingPro Insights
Forge Global Holdings Inc. (FRGE) has recently released its third quarter fiscal 2024 results, and InvestingPro data provides additional context to the company's financial position and market performance.
Despite the recent earnings call, which aimed to provide clarity on the company's performance, InvestingPro data reveals some challenges. The company's market capitalization stands at $206.97 million, reflecting its current valuation in the market. However, an InvestingPro Tip indicates that FRGE is "quickly burning through cash," which could be a concern for investors considering the company's long-term sustainability.
On a more positive note, FRGE has seen a "significant return over the last week," with a 1-week price total return of 12.93%. This short-term boost might have captured investor attention during the earnings call. However, it's important to consider this in the context of longer-term performance, as the 6-month price total return shows a decline of -32.47%.
The company's revenue for the last twelve months as of Q3 2024 was $79.8 million, with a revenue growth of 18.08% over the same period. This growth might have been a point of discussion during the earnings call, as it demonstrates the company's ability to expand its top line.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and insights. There are 11 more InvestingPro Tips available for FRGE, which could provide valuable perspective on the company's financial health and market position.
Full transcript - Forge Global Holdings Inc (FRGE) Q3 2024:
Operator: Good afternoon. My name is John, and I will be your conference operator today. At this time, I’d like to welcome everyone to the Forge Third Quarter Fiscal 2024 Financial Results Conference Call. On today’s Forge Global call will be Kelly Rodriques, CEO; Mark Lee, CFO; Lindsay (NYSE:LNN) Riddell, Executive Vice President of Corporate Marketing and Communications; and Dominic Paschel, SVP of Finance and Investor Relations. [Operator Instructions] And, now, I will now turn the call over to Lindsay Riddell. Ms. Riddell, you may begin your conference.
Lindsay Riddell: Thank you, John, and thank you all for joining us today for Forge’s third quarter 2024 earnings call. Joining me today are Forge’s CEO, Kelly Rodriques; and Forge’s CFO Mark Lee. They will share prepared remarks regarding the quarter’s results, and then take your questions at the end. Just after market close today, we issued a press release announcing Forge’s third quarter 2024 financial results. A discussion of our results today complements the press release, which is available on the Investor Relations page of our website. This conference call is being webcast live and will be available as a replay for 30 days, beginning about 1-hour after the conclusion of this call. There’s also an Investor Presentation on our IR page. During this conference call, we may make forward-looking statements based on current
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