Riskified Shares Slip 12% On Wider Q2 Loss

Shares of software company Riskified Ltd. (RSKD) are down 12 percent on Thursday's trading as the company recorded wider loss in the second quarter, affected by higher expenses.

In the second quarter, the company posted net loss of $20.4 million or $1.41 per share, higher than $7.27 million or $0.52 per share in the same period last year.

On average, 4 analysts polled by Thomson Reuters expected the company to post loss of $1.49 per share in the quarter. Analysts' estimates, usually, exclude one-time items.

Quarterly revenues grew 47 percent to $55.7 million from $37.8 million a year ago, while analysts were looking for revenues of $54.9 million for the three-month period.

Currently at $31.85, the stock has traded between $25.38 and $40.48 during the past 52 weeks.

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