Affirm jumps after beating revenue expectations

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For its fiscal fourth quarter ending in June, Affirm reported a loss of 69 cents a share on revenue of $445.8 million. Analysts expected a loss of 87 cents a share on revenue of $406.2M.

Revenue was up 22% from the same time last year.

Shares were up 9.3% and are up 42% so far this year.

The company sees fiscal first quarter revenue of $430M to $455M, also higher than expectations. Affirm said it was adjusted operating income positive as the fiscal year came to a close, and on an annual basis, “we intend to remain consistently positive on this metric going forward.”

CEO Max Levchin said: “We are very proud of the results this quarter and fiscal year, yet our focus remains on the company’s longterm goals.”