Cardlytics ($CDLX): Q3 2023 Earnings (Research Note #207)
Notes and thoughts on Q3 earnings, the Q3 call, and commentary by CDLX after the call to investors.
Market Cap as of 11.26.2023: ~$7.83 / Share x 39.3M Shares ~ $308M Market Cap.
(#207) Q3 2023 Earnings
In this CDLX Research Note I will be going into detail on items discussed on the call, as well commentary and details from CDLX following the call (which provided much needed clarity).
I organized this post by items that were:
Positive
Negative
Neutral
Given the amount of information already in the post below, I will be releasing additional CDLX Research Notes soon with even more information (such as detailed projections vs the converts, scenarios for the 2nd Bridg earnout, and more).
While this post is a little longer, it is really only the first two sections that are lengthy, given their importance. After those first two sections, it is a fairly quick read.
Additionally, below is a 2-hr video discussing this post.
I may do a shorter public post in the future, but I’m more focused on getting out the information to all of you with access to the CDLX Research Notes first.
I put a lot of time and thought into this Research Note and the others that I will be releasing soon (hence the delay). Enjoy!