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Elements shares soar as Dec-Feb operating profit returns on robust Liquid eKYC performance
Elements, Inc. <5246> shares surged on the back of a buying frenzy. Post-market on the 13th, the company reported consolidated results for the December-February first quarter. Revenue jumped 80.6% year-on-year to 1,291 million yen, while ordinary profit returned to the black at 105 million yen, swinging from a loss of 24 million yen a year earlier. This profit figure has already surpassed the 100 million yen upper limit of its full-year guidance, fueling investor optimism. Earnings were bolstered by the newly consolidated subsidiary Polarify, Inc. and robust growth in its "Liquid eKYC" online identity verification service.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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