Shares of payments platform Paysafe Ltd. (NYSE:PSFE) are in focus today after the company delivered a mixed set of first-quarter numbers.
Revenue rose 5.5% year-over-year to $387.8 million, outperforming estimates by nearly $10.2 million. Net loss per share at $0.06 though missed the cut by $0.13. During the quarter, total payment volume grew by 8% to $33.8 billion. Additionally, classic digital wallets and eCommerce witnessed double-digit growth during this period.
Looking ahead, for the full-year 2023, revenue is anticipated between $1.58 billion and $1.6 billion. Adjusted EBITDA for the year is seen hovering between $452 million and $462 million.
Shares of the company have now tanked nearly 48% so far in 2023 while short interest in the stock still remains elevated at about 4.7% at present.
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