📝 Cardlytics $CDLX (#7): 2023 Update and year-end review
Comprehensive analysis of fiscal year 2023 for Cardlytics
Welcome back my fellow Substack readers! I wanted to provide a quick recap of events that occurred in the last 6 months, including my thoughts and the mosaic of information at my disposal. Some of the key elements will remain private, but the following is a high-level commentary on my thoughts on Cardlytics. Please enjoy.
Note: I had already redacted the note by the time the latest events transpired. That being said, a few items came out yesterday regarding the settlement of the Bridg dispute which will lead to a $25 outflow for the company. The payment will be carried out in three payments with most of it ($20M) being paid in January 2024
The company also posted updated results: