Shares of Riskified were higher after the company lifted its outlook for a second time this year.

The stock rose 13% to $5.94 in premarket trading Wednesday. Through the prior close, shares were up 10% this year.

The e-commerce fraud prevention company said it now expects annual sales of $400 million to $410 million, up from its previous range of $376 million to $384 million.

The higher guidance reflects a flow-through from outperformance in the second quarter, Riskified said.

Revenue in the second quarter rose 22% to $98.7 million. Riskified narrowed its net loss to $9.1 million, or 7 cents a share, compared with a loss of $11.6 million, or 7 cents a share, the year before.

The company is seeing increasing demand due to more complex fraud attacks, Chief Executive Eido Gal said.