sofi technologies inc doubled revenue in its latest quarter but issued an earnings outlook for the current period that came up lighter than what analysts were anticipating the company reported a secondquarter net loss of 1653 million or 48 cents a share whereas it recorded net income of 78 million a year earlier analysts tracked by factset were anticipating a 6cent loss per share sofi’s sofi revenue rose to 2313 million from 1150 million while analysts were expecting 2186 million shares of sofi were off nearly 12 in afterhours trading thursday following the report which was sofi’s first since going public in june through a merger with a specialpurpose acquisition company the company’s total member base grew to 26 million up from 12 million a year earlier while total products reached 37 million up from 16 million a year ago both growth figures reflected expansion in sofi’s product offerings the company said in its earnings report looking ahead to the third quarter sofi expects adjusted net revenue of 245 million to 255 million it also expects earnings before interest taxes depreciation and amortization in the range of a 7 million loss to 3 million in earnings analysts tracked by factset were expecting positive ebitda of 118 million in the latest quarter sofi generated total net revenue of 1663 million in its lending business up from 959 million a year prior it saw 981440 product originations in the lending business including 18102 home loans 544068 personal loans and 419270 student loans the company’s financial services segment recorded 170 million in revenue up from 24 million a year earlier the segment saw directly attributable expenses of 418 million which brought the contribution loss to 247 million a year earlier sofi recognized directly attributable expenses of 333 million that brought the contribution loss to 309 million see also sofi plans to acquire community bank to speed up bankcharter process sofi saw growth in its technology business which mainly consists of the galileo financial technologies operations that it acquired in may 2020 galileo provides services to neobanks it had 789 million accounts as of the second quarter up from 360 million a year prior revenue from this segment increased to 453 million from 190 million the company noted that it has engaged in heavy investments to migrate the technology operations to the cloud expand geographically and nearly double headcount for this part of the business