POSaBIT Q1 FY23 Revenue Grows 82% YoY, What About Profit?
Portfolio Pulse from Vuk Zdinjak
POSaBIT Systems Corporation reported Q1 FY23 revenue of $11.5 million, an 82% YoY increase, with a gross profit of $2.3 million. However, the company posted a net loss of $3.0 million and an adjusted EBITDA of negative $1.9 million. POSaBIT reaffirmed its full-year 2023 revenue guidance of $58.5 to $61.5 million.
June 01, 2023 | 1:05 pm
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NEUTRAL IMPACT
POSaBIT's Q1 FY23 revenue increased 82% YoY, but the company reported a net loss of $3.0 million. Full-year 2023 revenue guidance remains unchanged.
POSaBIT's strong revenue growth is a positive sign for investors, but the net loss and negative adjusted EBITDA may raise concerns. The reaffirmed full-year 2023 revenue guidance indicates that the company is confident in its growth prospects. Overall, the impact on the stock price is likely to be neutral in the short term, as the positive and negative factors balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100