Forge Global Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 26, 2024 at 04:10 pm
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Forge Global Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 19.06 million. Net loss was USD 25.8 million. Basic loss per share from continuing operations was USD 0.15. Diluted loss per share from continuing operations was USD 0.15.
For the full year, the company reported revenue was USD 69.82 million compared to USD 69.38 million a year ago. Net loss was USD 90.22 million compared to USD 111.86 million a year ago. Basic loss per share from continuing operations was USD 0.52 compared to USD 0.78 a year ago. Diluted loss per share from continuing operations was USD 0.52 compared to USD 0.8 a year ago.
Forge Global Holdings, Inc. is a provider of marketplace infrastructure, data services and technology solutions for private market participants. The Company offers trading platforms, proprietary data and insights to inform investment strategies, along with custody services to help companies, shareholders, institutions and accredited investors navigate and transact in the private market. Its solutions include trading solutions, custody solutions, and data solutions. Its trading solutions include Forge Markets, a platform that connects investors with private company shareholders and enables them to facilitate private share transactions. Its custody solutions include Forge Trust, a non-depository trust that enables clients to securely have custody and manage assets through an online portal. Its data solutions include Forge Data, which provides market participants with the information and insight to navigate, analyze and make investment decisions in the private market.