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.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.