Pushpay achieves cash flow break even target

Company News

by Anna Napoli

Pushpay (ASX:PPH) has achieved its break even monthly cash flow target and is now processing over US$5 billion.

The company, which is the leading payments and engagement provider to the US faith sector, was both earnings (EBITDAF) and cash flow positive for the quarter ended 31 December 2018.

Pushpay has confirmed its revenue guidance of between US$97.5 million to 100.5 million for the year ending 31 March 2019.

The company says given the strength of the underlying business it is well positioned to capitalise on opportunities to accelerate growth including potential acquisitions.

Shares in Pushpay (ASX:PPH) closed 2.4 per cent lower at $2.89 on Friday.