MNY Turns Profitable In Q4. After guiding for positive Adjusted EBITDA in the fourth quarter, the Company delivered with $679,000 in positive Adjusted EBITDA, more than doubling our estimate.
This beat was in light of lower than expected Revenue, primarily due to lower Credit Card revenue.
The outperformance in the quarter was due to record Wealth revenue, which carries a higher margin, and continued cost cutting and AI implementation with operations.
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