-=Affirm (AFRM) reported earnings on Thur 9 Sept 21 (a/h)

 

Affirm reports Q4 (Jun) results, beats on revs; guides Q1 revs above consensus; guides FY22 revs in-line

• Reports Q4 (Jun) loss of $0.48 per share, may not be comparable to the S&P Capital IQ Consensus of ($0.24); revenues rose 70.8% year/year to $261.8 mln vs the $224.39 mln S&P Capital IQ Consensus.
• Gross merchandise volume for the fourth quarter of fiscal 2021 was $2.5 billion, an increase of 106%, or 178% excluding Peloton; GMV for fiscal year 2021 was $8.3 billion, an increase of 79%, or 91% excluding Peloton.
• Active merchants grew by 412% to nearly 29,000 for the fourth quarter of fiscal 2021, including several thousand newly integrated Shopify merchants.
• Transactions per active consumer increased 8% to approximately 2.3 as of June 30, 2021.
• Co issues upside guidance for Q1, sees Q1 revs of $240-$250 mln vs. $231.88 mln S&P Capital IQ Consensus. Sees GMV of $2.42-$2.52 bln. 
• Co issues in-line guidance for FY22, sees FY22 revs of $1.160-$1.190 bln vs. $1.16 bln S&P Capital IQ Consensus. Sees GMV of $12.45-$12.75 bln.