Week to date, shares of Riskified (NYSE: RSKD) were up 16.5% as of 10:15 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence. After falling 87% from its high in 2021, the e-commerce fraud protection provider reported a strong earnings report. 

The company showed progress in reining in costs and moving toward a profit, which got investors' attention. The stock is now up 16% year to date. 

Riskified has attractive growth prospects as an e-commerce fraud prevention partner for merchants. Revenue doubled between 2019 and 2022 to reach $261 million. But the company hasn't been profitable yet, which is the main reason the stock fell last year.

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Source Fool.com