Forge Global reports Q1 EPS ($1.29), consensus (71c)

Reports Q1 revenue $25.3M, consensus $24.99M. “In Q1, we achieved our best revenue quarter as a public company – driven largely by an improvement in our marketplace revenue,” said Kelly Rodriques, CEO of Forge. “Revenue for the quarter totaled $25.1 million while marketplace revenue contributed $15.8 million on trading volume of nearly $700 million. The increase in revenue and volume was fueled by improved market dynamics that drove a diversity of new and re-engaged interest to our platform, as well as several institutional block trades that closed in the quarter. We’re encouraged by the continued momentum of the private market even amid macro economic volatility.”