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Pagaya Technologies Ltd. aims to democratize access to financial products and services using data science and AI technology. Pagaya operates under a B2B2C model, connecting financial institutions with investors seeking exposure to consumer assets. Pagaya's revenue growth rates are expected to improve in 2024, with potential mid-teens growth rates.
Pagaya Systems announced better-than-expected second-quarter results with strong network volumes. The company also raised its full-year outlook for network volumes and adjusted EBITDA.
Pagaya Technologies delivered solid 2Q results that showcased an improving financial position for the artificial intelligence infrastructure firm. The New York-based company broke even on an adjusted basis even as analysts were expecting the company to report a loss of $0.02 per share.
Pagaya Technologies Ltd. (NASDAQ:PGY ) Q2 2023 Earnings Conference Call August 10, 2023 5:00 PM ET Company Participants Jency John - Head of Investor Relations Gal Krubiner - Chief Executive Officer Michael Kurlander - Chief Financial Officer Conference Call Participants Eugene Simuni - MoffettNathanson Rayna Kumar - UBS Joseph Vafi - Canaccord Genuity Michael Legg - The Benchmark Company Hal Goetsch - B.
Pagaya Technologies Ltd. (PGY) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.01.
Pagaya Technologies Ltd. shares rallied in the extended session Thursday after the AI-backed fintech data company's adjusted results and outlook topped Wall Street expectations.
Pagaya is still demonstrating growth in this rough lending environment. It secured two new rounds of backing from funders.
The company is using artificial intelligence to make better lending decisions.
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Pagaya is a fintech company that uses AI technology to underwrite loans and has partnerships with major financial institutions like Visa, SoFi Technologies, and Ally Technologies. Despite a challenging environment, Pagaya has managed to grow its revenues and maintain a stable business model. However, the company's shares are not for the faint of heart, as they require patience and liquidity, and the market has yet to fully recognize the potential of Pagaya's AI technology.