Remitly Global, Inc.

RELY

Find Out if You Qualify for a Financial Reward by filling out the form below.

Investigation Details

On May 1, 2024, Remitly announced 1Q24 financial results which missed analysts’ revenue and gross profits as its active customer count fell short. The Company blamed it on “seasonal dynamics” and reconfirmed its revenue guidance for the full year. Analysts commenting on Remitly’s missed revenue mention management’s continual ‘back half’ weighted story that new customers will ramp up in the second half is “running thin.”

Following this news, Remitly’s stock price fell by $2.14 per share, or approximately 12% to close at $15.40 per share.

Find More Cases

Ticker Symbol Company Name Deadline
NFE New Fortress Energy Inc. November 18, 2024 View
DPZ Domino's Pizza, Inc. November 19, 2024 View
MGX Metagenomi, Inc. November 25, 2024 View
BMBL Bumble Inc. November 25, 2024 View
LLAP Terran Orbital Corporation November 26, 2024 View
LLAP Terran Orbital Corporation November 26, 2024 View
FNA Paragon 28, Inc. November 29, 2024 View
ELAN Elanco Animal Health Incorporated December 06, 2024 View
IREN Iris Energy Limited December 06, 2024 View
AILE iLearningEngines, Inc. December 06, 2024 View
UPS United Parcel Service, Inc. December 09, 2024 View
EW Edwards Lifesciences Corporation December 13, 2024 View
MAPS WM Technology, Inc. December 16, 2024 View
MAPS WM Technology, Inc. December 16, 2024 View
MAPS WM Technology, Inc. December 16, 2024 View
AIXI Xiao-I Corporation December 16, 2024 View
TD The Toronto-Dominion Bank December 23, 2024 View
EVLV Evolv Technologies Holdings, Inc. December 31, 2024 View
LILM Lilium N.V. January 06, 2025 View