Pushpay upgrades FY20 EBITDAF guidanceCraig Foley
Donor management system, Pushpay Holdings (NZSX:PPH; ASX:PPH), has revised its guidance regarding its Earnings before Interest, Tax, Depreciation, Amortisation and Foreign Currency (EBITDAF); and also its operating revenue for the year ending 31 March 2020.
The Company now expects EBITDAF to be between US$23 million and US$25 million.
This an upgrade on its previous projection of between US$18.5 million and US$20.5 million.
Operating revenue is now expected to be between US$121 million and US$124 million, widening the bracket from its original estimate of US$122.5 million and US$125.5 million.
Guidance regarding its gross margins and Total Processing Volumes remain unchanged.
Shares in Pushpay Holdings (NZSX:PPH; ASX:PPH) closed 1.6 per cent higher yesterday at $3.16.
Copyright 2019 – Finance News Network
Source: Finance News Network