(SoFi) SoFi Technologies Inc. registered a net loss of $165.5 million in the second quarter, compared to a profit of $7.8 million in the same quarter last year.
The San-Francisco-based online personal finance company announced a net loss of $343.2 million for the first half-year, from a $98.6 million loss in the same period of 2020.
SoFi’s total revenue increased 101% to $231.3 million in the second quarter compared to a similar period last year.
The firm’s first half-year revenue summed to $427.3 million, an increase from $193.25 million in the first six months of last year.
SoFi’s management expects that its revenue will increase in the third quarter to between $245 million and $255 million with an adjusted EBITDA in the range of $3-$7 million.
SOFI: NASDAQ is down -11.8 % on pre-market.
