Marqeta: Fourth Quarter Financial Highlights

Marqeta Inc. Reports Fourth Quarter Financial Results

Marqeta Inc., headquartered in Oakland, California, announced a net loss of $1.4 million for its fourth quarter.

According to the company, the loss per share was less than one cent.

Analysts surveyed by Zacks Investment Research had anticipated a loss of one cent per share on average.

The company, which specializes in transaction processing services, generated $172.1 million in revenue for the quarter, surpassing Wall Street expectations. Zacks had forecasted revenue of $167.2 million, based on the consensus of five analysts.

For the full year, Marqeta reported a total loss of $13.9 million, or 3 cents per share, with annual revenue reaching $624.9 million.

Financial data for this article was provided by Zacks Investment Research and compiled by Automated Insights.