Pushpay upgrades FY20 EBITDAF guidance

Company News

by Katrina Bullock

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.

Katrina Bullock

Finance News Network
Katrina joined FNN in 2018. She holds a Bachelor of Laws (Honours first class), a Bachelor of Business (Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She previously worked as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel for Greenpeace Australia Pacific.