UP Fintech Holding (TIGR) Stock Increases Over 4%: Details

By Amit Chowdhry ● Nov 23, 2022
  • The stock price of UP Fintech Holding (TIGR) increased by over 4% pre-market today. This is why.

The stock price of UP Fintech Holding (TIGR) increased by over 4% pre-market today.

Why: Q3 2022 results

Q3 2022 financial highlights:

— Total revenues were US$55.4 million, a decrease of 8.8% year-over-year and an increase of 3.6% quarter-over-quarter.

— Total net revenues were US$51.1 million, a decrease of 9.7% year-over-year and an increase of 2.3% quarter-over-quarter.

— Net income attributable to UP Fintech was US$3.3 million compared to a net income of US$20.5 million in the same quarter of last year.

— Non-GAAP net income attributable to UP Fintech was US$6.6 million, compared to a non-GAAP net income of US$5.3 million in the same quarter of last year.