Figure Technology Solutions, Inc. (FIGR) saw a 16.33% increase in stock price on Friday, closing at $40.24 following a strong Q3 earnings report. Net income grew by 228% to $89.8 million, while revenues increased by 54% to $156 million, driven by consumer loan market volume expansion.

Looking forward, FIGR aims to maintain an annual EBITDA margin above 60%, with the Figure Connect segment expected to represent 60% of the total. The company also sought SEC approval for a proposed public offering of tokenized stocks called “Series A Blockchain Common Stock,” to be traded on its alternative trading system.

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Read more at Yahoo Finance: Figure Technology (FIGR) Jumps 16% on Q3 Blowout