MediaAlpha Inc (MAX) shares lost 6.35% to trade at $34.755 in the after-market session on Monday, May 17, 2021. Earlier, MAX’s stock gained 6.64% to close Monday’s session at $37.11. MAX shares have moved down 7.41% in the past week. Over the past three months, the stock has plummeted 35.84%, while over the past six months, it has shed 8.35%.
Let’s see what`s going on with MediaAlpha Inc?
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Recent financial result announcement
On May 13, 2021, MediaAlpha, Inc. released its financial results for the first quarter ended March 31, 2021.
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First-quarter 2021 financial highlights
- MediaAlpha reported revenue of $173.6 million in Q1 2021 compared to $119.5 million in Q1 2020.
- Gross margin was15.2% for Q1 2021, compared with 15.7% in the first quarter of 2020.
- Total cost and operating expenses were $171.6 million in Q1 2021 compared to $108.9 million in Q1 2020.
- The company reported a net income of $0.2 million in Q1 2021, compared with $8.8 million in the first quarter of 2020.
- Adjusted EBITDA was $16.3 million in Q1 2021, compared with $12.7 million in the first quarter of 2020.
Closing of secondary offering
On March 23, 2021, MediaAlpha, Inc. closed the secondary offering of 8,050,000 shares of its Class A common stock by certain selling stockholders at $46.00 per share.
MediaAlpha will not receive any proceeds from the offering.
Q4 & FY 2020 financial results announcement
On March 11, 2021, MediaAlpha, Inc reported its financial results for the fourth quarter and full-year ended December 31, 2020.
Q4 2020 financial highlights
- MediaAlpha reported revenue of $190.2 million in Q4 2020 compared to $126.15 million in Q4 2019.
- The gross margin was 13.9% in Q4 2020, compared to 16.1% in Q4 2019.
- For Q4 2020, the company reported a net income of $13.2 million, compared to $10.4 million in the fourth quarter of 2019.
- Q4 2020 adjusted EBITDA was $18.2 million, compared to adjusted EBITDA of $13.9 million in the fourth quarter of 2019.
FY-2020 financial highlights
- Revenue was $584.8 million in FY 2020 compared to $408 million in FY2019.
- The gross margin was 14.6% in FY 2020 compared to 16.0% in FY2019.
- Total cost and operating expenses were $565.3 million in FY 2020 compared to $383.1 million in FY2019.
- Net income was $10.6 million in FY 2020, compared to $17.8 million in 2019.
- Adjusted EBITDA was $58.1 million in FY 2020, compared to Adjusted EBITDA of $42.9 million in FY2019.
Conclusion
Max stock performance on Monday is strange because there are no recent developments for its loss and gains on Monday.