Pushpay upgrades FY20 EBITDAF guidance

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.

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Source: Finance News Network