Tiger Brokers 2023 Q4 and Full Year Results
@TigerBrokers:
Tiger Brokers ("UP Fintech" or the "Company", Nasdaq: TIGR, and all its subsidiaries and consolidated entities), today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023. In the fourth quarter, the Company achieved a revenue of US$70 million. For the year ended 2023, total revenues increased 20.9% year-over-year to US$272.5 million. Due to the depreciation of the US dollar in the fourth quarter, resulting in a foreign exchange loss of over US$7 million, the non-GAAP net income for the quarter amounted to US$1.1 million. For the entire year, the non-GAAP net income totaled US$42.7 million, which is 3.4 times that of 2022. During the fourth quarter, UP Fintech added 47,797 new global account holders, marking a 65.9% increase quarter-ov