ATLANTA (AP) — ATLANTA (AP) — Cardlytics, Inc. (CDLX) on Wednesday reported a loss of $145.2 million in its third quarter.
On a per-share basis, the Atlanta-based company said it had a loss of $2.90. Losses, adjusted for non-recurring costs and stock option expense, came to 15 cents per share.
The company posted revenue of $67.1 million in the period.
For the current quarter ending in December, Cardlytics said it expects revenue in the range of $62 million to $67 million.
Cardlytics shares have decreased 44% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.16, a decline of 61% in the last 12 months.
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