Square third quarter revenue of $ 439 million net loss of 32.32 million US dollars

SAN FRANCISCO (MarketWatch) – Mobile payment firm Square (NYSE: SQ) today reported results for the third quarter of 2016, which ended Sept. 30. The report shows that the company’s quarterly revenue of $ 439 million, compared to $ 332 million, an increase of 32%; according to US GAAP net loss of $ 32.32 million, a net loss of $ 53.93 million for the same period last year ; A diluted loss of $ 0.09 per share, a loss of $ 0.35 per share for the same period last year.

The third quarter of the main financial data

· Total payments amounted to $ 13.2 billion, an increase of 39%.

· Total net revenue was $ 439 million, an increase of 32%; adjusted net revenue was $ 178 million, an increase of 51%.

• Net loss was $ 32.32 million, down $ 21.61 million year-on-year.

• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $ 12 million, and profit margins improved 20 basis points year-on-year.

* Square Capital Fund increased to $ 189 million, an increase of 123%, growth of 23%.

Cash, cash equivalents and securities held at the end of the quarter totaled $ 437 million, compared with $ 470 million at the end of the quarter.

For the full year 2016, total net revenues are expected to be in the range of $ 1.695 billion to $ 1.7 billion. Adjusted revenue is expected to range from $ 677 million to $ 680 million, up 50 percent from the earlier forecast. Adjusted EBITDA is expected to be in the range of $ 31 million to $ 33 million, compared with earlier estimates of $ 18 million to $ 24 million.

In the fourth quarter of 2016, total net revenue will be between $ 438 million and $ 443 million. Adjusted revenue is expected to be between $ 182 million and $ 185 million. Adjusted EBITDA is expected to be between $ 16 million and $ 18 million.

(EditorAI)

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