Mon. 25 Mar 2024, 4:27pm ET
Benzinga
News, Guidance
Full Year 2024 Outlook
- Full year 2024 revenues expected to be $3,292 million - $5,114 million; includes gross crypto revenues of $3,239 million -$5,057 million and net loyalty revenues of $53 million - $57 million.
- Full year 2024 crypto costs expected to be $3,220 million - $5,027 million, in line with gross crypto revenues.
- Full year 2024 total operating expenses excluding crypto costs, execution, clearing and brokerage fees and goodwill, intangible and long-lived assets impairments expected to be $160 million - $170 million.
- Full year 2024 net cash used in operating activities expected to be ($58 million) – ($72 million).
- Full year 2024 free cash flow usage (non-GAAP) expected to be ($65 million) - ($79 million).
- End of year cash, cash equivalents and available-for-sale securities of $35 million - $50 million.