SoFi Shareholder Q&A with CEO and CFO this Monday @ 12:30PM EST
It'll be interesting to see SoFi stock's trend until Q4 Earnings Release after this Monday's Q&A.
These are the top 3 questions that were voted on:
- When the company will be profitable?
- Sofi will be profitable in these next few years, do you plan to deliver dividends to shareholders in the future?
- When you acquired Technisys, you guided for $85 to $100M in savings between 2023 and 2025. Can you give an update on how that's progressing and when we can expect to see products like checking & savings and credit card using Cyberbank Core?
The CEO has reiterated on multiple occasions about Expected GAAP Net Income Profitability in the Fourth Quarter. The Tech Platform which the CEO has stated “The pipeline there is pretty visible and it's the most robust I've seen” will play a big role in SoFi stock price in the upcoming year. The Q&A probably will answer many of the questions that investors have on their minds.
Here are some of the recent events besides the Macro that contributed to the SoFi stock's rise of 13.97% over the past 5 trading days:
- ARKF Fund bought 252,421 shares on 11/27/23, and another 200,275 shares on 11/29/23.
- SoFi confirms the closure of SoFi Crypto offerings to comply with the two-year conformance period for its crypto business as a condition for the bank charter approval in January 2022. SoFi's Crypto business is less than 1% of SoFi's revenue which is not worth dealing with the increased scrutiny of the Crypto business segment by banking regulators.
- Apple sending a proposal to Goldman to exit their Goldman credit card partnership. This is a partnership that is supposed to last until 2029. The ending of this partnership would drop a formidable competitor away from SoFi.
This SoFi Shareholder Q&A with many questions submitted will be an eye-opener to forecast SoFi's near future.
Leave a Reply