Overall very positive announcement. Makes no sense why the big drop early this morning.
I expect this to course correct very soon. Hopefully by end of day, if not tomorrow.
Key highlights:
- Reported revenue of $49.5 million, which is up $11.4 million or 30% year on year. This lifted its annual recurring revenue metric to $199 million.
- EBITDA almost doubled. $14 million from $7.3 million a year earlier.
- Net cash flow for the three months was $13.4 million.
- Net cash position of $59.2 million. This is up from $45.8 million at the end of December.
- Upgraded its earnings guidance for the full year
GLTAH
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- Ann: FY24 EBITDA Guidance Upgrade
Ann: FY24 EBITDA Guidance Upgrade, page-8
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