Why GoodRx Holdings Stock Got Crushed Today
Shares of GoodRx Holdings (NASDAQ: GDRX) got crushed on Friday after the company released financial results for 2020. A massive fourth-quarter net loss is likely the primary culprit spooking investors today. As of 11 a.m. EST, GoodRx stock was down 10%.
In 2020, GoodRx generated revenue of $550 million, which was up 42% year over year. This was actually slightly ahead of Wall Street's expectations. However, its net loss increased by a mile. For the year, GoodRx had a net loss over $293 million. For perspective, it had net income of $66 million in 2019.
Image source: Getty Images.
Source Fool.com
