Wealthfront reports Q4 GAAP EPS ($1.31) vs. 23c last year

Reports Q4 revenue $96.14M, consensus $92.35M. David Fortunato – CEO, President and director: “We capped off a milestone year in the fourth quarter as we went public and drove another quarter-end record in Total Platform Assets due in large part to a second consecutive record quarter in net cross account transfers from Cash Management to Investment Advisory. We continued to expand our product suite in our effort to optimize client financial outcomes including with the launch of early access to Wealthfront (WLTH) Home Lending, the initial rollout of the Wealthfront Treasury Money Market Fund, and further enhancements to our core Investment Advisory and Cash Management offerings.”