Overlooked Fintech Company Actually Beating Estimates in 2022 $362 Mill Market Cap

– MoneyLion enters 2022 with significant growth opportunities.

– These center around a recent acquisition and future expansion into Southeast Asia.

– The current valuation offers a strong margin of safety and a good risk to reward profile.

– MoneyLion has fallen to new lows from when I last covered the young fintech company.

– Last reported quarterly financials for its fiscal 2021 fourth quarter were strong with revenue growing by triple digits.

– The valuation has yet again fallen to new levels.

MoneyLion's last reported earnings were for its fiscal 2021 fourth quarter which saw revenue come in at $55.56 million, a 146% increase from the year-ago quarter. Further, total revenue for fiscal 2021 came in at $171 million, a $16 million beat on an already upwardly revised revenue estimate, and a 115% from the previous fiscal year.

The triple-digit revenue growth meant a strong finish to a breakout year for MoneyLion. Whilst some of this spectacular has been driven by recent acquisitions, the company has quickly established itself as an important platform to serve the needs of its fast-expanding customer base.

MoneyLion longs are straight-up not having a great time. The company's shares seem to be allergic to any type of good fundamental news, seemingly stuck in a time loop characterised by rampant capital destruction and disappointment. But the bears have had their fun. The company has been a victim of timing as it went public at a time when the valuation of growth stocks and public fintech firms started to take a dive. Then inflation started to creep up to combine with a war in Europe.

In spite of all these, the company has continued to deliver and outperform its financial targets, setting the background for likely outperformance in the longer term. However, this analysis could be wrong. The company's shares could continue to experience material near term weakness if inflation continues to creep up and the FED is forced to be even more hawkish towards rate hikes than it currently is. But as long as MoneyLion continues to deliver on its financial targets its bulls' time in the sun will come once again.