Amber International (NASDAQ:AMBR) Issues Quarterly Earnings Results

Amber International (NASDAQ:AMBR) issued its quarterly earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, FiscalAI reports. Amber International had a negative net margin of 1.43% and a negative return on equity of 0.72%.

Here are the key takeaways from Amber International’s conference call:

• Q2 revenue rose 39% sequentially to $13.9 million, while gross margin expanded to 79.5%. Operating income reached $1.0 million and adjusted EBITDA $1.9 million, both reversing losses in Q1, with operating expenses essentially flat at about $10 million.
• Agentic revenue reached $7.4 million, including $3.5 million from A-MM in its first quarter of revenue recognition and $3.8 million from marketing and enterprise solutions. Management said the higher-margin mix was a major driver of the margin improvement.
• AMBR formally pivoted from digital wealth management toward specialized AI agents, with consumer finance agent Ambre and marketing agent MIA already launched. Management believes its domain expertise, operating data, workflows, and controls provide a competitive advantage and could expand access to services previously available mainly to high-net-worth clients and large enterprises.
• The company withdrew its previously issued financial guidance, citing limited operating history and visibility for the newly launched businesses. Management also said it is reviewing the structure and ownership of parts of the legacy financial services portfolio, although no specific action was announced.
• Under its $50 million repurchase authorization, AMBR bought back approximately 2.6 million ADS for $5.8 million through June 30, leaving about $44.2 million available for future repurchases.

Amber International Stock Down 7.9%

Shares of AMBR opened at $0.94 on Friday. Amber International has a 12-month low of $0.83 and a 12-month high of $5.27. The stock’s fifty day simple moving average is $1.31 and its 200-day simple moving average is $1.84.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Amber International from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Trading of Amber International

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMBR. Two Sigma Investments LP acquired a new position in Amber International during the 3rd quarter valued at about $42,000. Qube Research & Technologies Ltd acquired a new stake in shares of Amber International during the 3rd quarter worth approximately $52,000. SmartHarvest Portfolios LLC acquired a new stake in shares of Amber International during the 4th quarter worth approximately $35,000. Millennium Management LLC bought a new stake in shares of Amber International during the third quarter worth approximately $98,000. Finally, XTX Topco Ltd bought a new stake in shares of Amber International during the fourth quarter worth approximately $71,000.

Amber International Company Profile

iClick Interactive Asia Group Limited, together with its subsidiaries, provides online marketing services in the People’s Republic of China and internationally. It offers iAudience, an audience identification solution that allows marketers to search, identify, and customize their targeted audience to generate or enhance brand awareness; iAccess and iActivation, an audience engagement and activation solution tailored for brand awareness-driven and performance-driven campaigns; iExpress, the lite version of iAccess solution for small and medium-sized enterprises; iNsights, an online campaign results monitoring and measurement solution; and iExperience, a content creation solution.