Kolibri Global Expects FY23 Revenue Between $51M-$53M Increasing 36%-41% YoY; Sees FY23 Adjusted EBITDA Of $39M-$41M, Up 55% To 63% YoY; Forecasts Average Production Of 2,800 to 3,000 boepd, Up 71% To 83% YoY
Portfolio Pulse from Benzinga Newsdesk
Kolibri Global (KGEI) forecasts FY23 revenue of $51M-$53M, a 36%-41% increase YoY, and adjusted EBITDA of $39M-$41M, up 55%-63% YoY. The company also expects average production to rise by 71%-83% YoY to 2,800-3,000 boepd.
December 22, 2023 | 11:56 am
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Kolibri Global expects significant growth in FY23 with revenue between $51M-$53M and adjusted EBITDA of $39M-$41M, indicating strong financial performance and operational efficiency.
The projected increase in revenue and adjusted EBITDA, along with a significant rise in production, suggests a positive outlook for Kolibri Global's financial health and operational capacity. This is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price.
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