Riskified (RSKD) has released an update.
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Riskified has posted record quarterly free cash flows, prompting its board to approve an additional $75 million share repurchase program. The company, a leader in e-commerce fraud prevention, has seen significant business growth across key verticals and geographies, with a notable increase in revenue and gross profit margins. This financial strength is reflected in improved guidance for fiscal year 2024, underlining Riskified’s commitment to profitable growth and shareholder value enhancement.
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