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Remitly Global Inc   (RELY)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 
Price: $20.1300 $-0.07 -0.347%
Day's High: $20.32 Week Perf: -2.47 %
Day's Low: $ 19.87 30 Day Perf: 11.4 %
Volume (M): 1,589 52 Wk High: $ 27.95
Volume (M$): $ 31,977 52 Wk Avg: $20.39
Open: $20.03 52 Wk Low: $15.77



 Market Capitalization (Millions $) 3,649
 Shares Outstanding (Millions) 181
 Employees -
 Revenues (TTM) (Millions $) 944
 Net Income (TTM) (Millions $) -118
 Cash Flow (TTM) (Millions $) 24
 Capital Exp. (TTM) (Millions $) 9

Remitly Global Inc

Real Industry, Inc. is a Delaware holding company that operates through subsidiaries. Our business focus is supporting the performance of Real Alloy, a global leader in aluminum recycling and our single largest operating business today, and to make acquisitions of additional operating companies. We seek to acquire meaningful ownership stakes in businesses with talented and experienced management teams, strong customer relationships, and sustainable competitive advantages. We regularly consider acquisitions of businesses that operate in undervalued industries, as well as businesses that we believe are in transition or are otherwise misunderstood by the marketplace. Post-acquisition, we expect to operate our businesses as autonomous subsidiaries, as we do with Real Alloy. We anticipate that we will continue to use our securities to pursue value-enhancing acquisitions and leverage our considerable tax assets, as well as support the needs of our existing operating segments, as necessary.

A key element to our business strategy is utilizing our considerable U.S. NOLs by becoming a significantly profitable enterprise. Our NOLs were predominantly generated by the legacy businesses of Fremont General Corporation (“Fremont”), and as of December 31, 2015, we have U.S. NOLs of approximately $871.8 million, which begin to expire if not used before our 2027 tax year. The ultimate realization of our deferred tax assets, including our U.S. NOLs, depends on our ability to generate future U.S. taxable income through the implementation of our business plan.

Our business strategy is to take meaningful ownership positions in operating companies that leverage the strengths of our platform, including our status as a public company, our sizable tax assets, and the experience of our executive management team. We seek to acquire companies with sustainable competitive advantages. In considering acquisition opportunities, we seek businesses with management teams that have shown success through business cycles, and have defensible market positions. We regularly consider acquisitions in what we view as undervalued industries, as well as businesses with values we believe to be misunderstood by the marketplace. In all cases we seek opportunities that will be accretive to our earnings.


We believe the Real Alloy Acquisition is consistent with this strategy. For more information on the business operations of Real Alloy, please refer to “Our Segments—RANA and RAEU” in this Item 1. Given our present size and operations, the Real Alloy Acquisition represents a transformative transaction for the Company. During 2015, our management team worked closely with the Real Alloy management team to integrate and incorporate the Real Alloy Business into the Company, even as a largely stand-alone business unit, and certain members of our management will continue to focus on this transition until it is complete. Further, we are working closely with Real Alloy management to accomplish the business objectives and operating strategies of Real Alloy.


Beyond the Real Alloy Acquisition, we expect to continue to evaluate acquisition opportunities as permitted by the terms of the Financings, and these may or may not have a strategic relationship with Real Alloy. Potential transactions are typically identified by our chief executive officer (“CEO”), but may be sourced by members of the management team, Board, and others connected with the Company. The bulge bracket investment banks on Wall Street, as well as regional firms, and other organizations around the country, routinely approach Real Industry with acquisition opportunities. Our CEO and management screen such ideas and determine whether to engage in a process. During the second half of 2015, after the Real Alloy Acquisition was closed and the integration efforts were well underway, we recommenced our acquisition efforts, reviewed more than a dozen potential acquisitions, and devoted significant management resources to four such opportunities.

Similar to the Real Alloy Acquisition, we expect that most, if not all of our future acquisitions would be separately financed in the credit markets and we anticipate structuring any such financings to minimize the impact on our other businesses. We structured the Financings for the Real Alloy Acquisition, including our stapled Rights Offering, with a view to minimizing ownership shift in our common stock and allowing our existing stockholders the ability to avoid dilution as we grow. At the holding company level, we may enter into financing arrangements, issue securities in secondary offerings, rights offerings or private placements, or provide other financial support under terms that would limit us from additional acquisitions until such financing arrangements are repaid.



   Company Address: 1111 Third Avenue, Seattle, 98101 WA
   Company Phone Number: 736-4859   Stock Exchange / Ticker: NASDAQ RELY
   


   

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Remitly Global Inc

Remitly Global Inc Reports Higher Losses in Fiscal Year 20232.

Remitly Global Inc, a professional services company providing digital financial services across borders, has recently reported its financial performance for the fiscal three months ending December 31, 2023. Despite losses of $0.17 per share during this period, the company witnessed a significant increase in revenue of 38.594%, reaching $264.76 million compared to the corresponding period the previous year.
In the preceding financial reporting period, Remitly Global Inc generated revenue of $241.63 million and reported losses of $0.20 per share. However, in the fiscal year 2023, the company experienced a net deficit of $35.021 million, compared to $19.395 million in the previous year. Moreover, the company reported a net deficit of $117.84 million during this period, with revenue amounting to $944.29 million.
Despite these figures, Remitly Global Inc managed to reduce its deficit per share to $0.65 from $0.68 in the preceding fiscal year. Furthermore, the company witnessed a significant increase in revenue of 44.48% from $653.56 million in the previous year.

Remitly Global Inc

Remitly Global Inc. Struggles to Attain Profitability Despite Impressive Surge in Revenue during Q3 2023

Remitly Global Inc, a leading digital financial services provider for immigrants and their families, reported a loss of $0.20 per share in the most recent fiscal period. Despite the loss, the company saw a significant increase in revenue, with a surge of 42.757% to $241.63 million compared to the same reporting period the previous year.
In comparison to its industry peers, Remitly Global Inc has outpaced them on the business side. The Professional Services industry witnessed a revenue elevation of 9.80% during the same time period. In the previous reporting period, the company achieved a revenue of $234.03 million and a loss of $0.11 per share.

Remitly Global Inc

Deficit Decline Marks Robust Financial Performance for Remitly Global Inc. for Q2 2023

Financial news report:
Remitly Global Inc Reports Improved Financial Performance for Q2 2023
Seattle-based financial technology company, Remitly Global Inc, has reported a significant improvement in its financial performance for the second quarter ended June 30, 2023. The company's loss per share decreased from $-0.23 per share in the same quarter last year to $-0.11 per share, indicating a positive trend. Additionally, the company's earnings per share (EPS) showed improvement, increasing from $-0.16 per share in the previous quarter.
Furthermore, Remitly Global Inc witnessed a remarkable revenue growth of 48.824%, reaching $234.03 million compared to $157.26 million in the same quarter a year ago. This remarkable growth can be attributed to the company's strong business strategies and a rapidly expanding customer base. Moreover, the company's revenue also showed sequential growth, advancing by 14.798% from $203.87 million in the previous quarter.

Remitly Global Inc

RELY's Outstanding Performance: Achieving Remarkable Growth in the First Quarter of 2023

Remitly Global Inc is a professional services company that is driving significant growth in the global remittance industry. Founded in 2011, the company has built a reputation for providing fast, reliable, and affordable money transfer services to customers across the globe. With more than $10 billion in annual payment volume, Remitly is one of the fastest-growing digital remittance companies in the world.
The company has reported its financial results for the first quarter of 2023, and the numbers are impressive. Remitly Global Inc has recorded a surge in revenue, with a whopping 49.885% increase to $203.87 million from the comparable quarter a year before. However, the company also reported a net shortfall of $-28.314 million, increasing from $-23.310 million in the same period of the previous year. The net shortfall per share has increased from $-0.06 per share in the previous quarter to $-0.16 per share in the first quarter of 2023.






 

Remitly Global Inc's Segments
 
 
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Remitly Global Inc does not provide revenue guidance.

Earnings Outlook
Remitly Global Inc does not provide earnings estimates.

 
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