Sunlight Financial Holdings Second Quarter 2023 Earnings: Misses Expectations

Sunlight Financial Holdings (NYSE:SUNL) Second Quarter 2023 Results

Key Financial Results

• Net loss: US$54.7m (down from US$2.66m profit in 2Q 2022).
• US$0.57 loss per share (down from US$0.031 profit in 2Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sunlight Financial Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Finance industry in the US.

Performance of the American Consumer Finance industry.

The company's shares are down 54% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Sunlight Financial Holdings (1 is potentially serious!) that we have uncovered.

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