Marqeta Q2 2022 Earnings Review: the founder stepping down might be a good thing
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Marqeta delivered another strong quarter: Net revenue was up 53% YoY, Gross profit was up 66% YoY, the Operating loss was considerably down from a year ago, and the company was cash flow positive for the quarter. Marqeta has $1.7 billion in cash and cash equivalents, so it is actively hiring the best talent, pursuing acquisitions, and using the weakness of its private competitors to strengthen its market position.
Marqeta Q2 2022 Earnings Review: the founder stepping down might be a good thing
Marqeta Q2 2022 Earnings Review: the founder…
Marqeta Q2 2022 Earnings Review: the founder stepping down might be a good thing
Marqeta delivered another strong quarter: Net revenue was up 53% YoY, Gross profit was up 66% YoY, the Operating loss was considerably down from a year ago, and the company was cash flow positive for the quarter. Marqeta has $1.7 billion in cash and cash equivalents, so it is actively hiring the best talent, pursuing acquisitions, and using the weakness of its private competitors to strengthen its market position.