Points International Reports Preliminary First Quarter 2020 Results and Provides Business Update in Response to COVID-19
Points.com Inc. - Common Shares (PCOM)
Last points.com inc. - common shares earnings: 8/9 04:14 pm
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Source: GlobeNewswire
- Full Q1 2020 Financial Results to be Issued on May 13, 2020 - - Annual General Meeting to be Virtual Only; Postponed to May 22, 2020 - TORONTO, April 06, 2020 (GLOBE NEWSWIRE) -- Points International Ltd. (TSX: PTS) (Nasdaq: PCOM) (Points or the Company), the global leader in powering loyalty commerce, is providing a preliminary update on its first quarter 2020 results and 2020 outlook, as well as an update on its response to the COVID-19 pandemic. Q1 2020 Financial Highlights (vs. Q1 2019) Gross profit1 expected to range between $13.6 million and $14.2 million.Adjusted EBITDA2 expected to range between $3.2 million and $3.9 millionAt March 31, 2020, total funds available stood at approximately $107 million, including a $40 million credit facility drawdown. Q1 2020 Line of Business Highlights Loyalty Currency Retailing - On March 24, launched a full suite of services for Air Canada’s Aeroplan program with the intention of further enhancements over the course of 2020.Points T
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