Points International Reports Record Preliminary Full Year 2019 Financial Results
Points.com Inc. - Common Shares (PCOM)
Last points.com inc. - common shares earnings: 8/9 04:14 pm
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Source: GlobeNewswire
Points Expects to Close the Year with Record Fourth Quarter Gross Profit and Adjusted EBITDA Strong Momentum Carrying into 2020 Full Q4 & 2019 Financial Results to be Issued on March 4, 2020 TORONTO, Jan. 21, 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 fourth quarter and full-year 2019 financial results. Fourth-quarter 2019 gross profit1 is expected to be between $17.3 and $17.7 million, with adjusted EBITDA2 ranging between $6.8 and $7.2 million, each quarterly records. These expected results compare to $14.1 million of gross profit and $5.0 in adjusted EBITDA in the fourth quarter of 2018. For the full year, Points expects 2019 gross profit3 to range between $59.2 and $59.6 million, with adjusted EBITDA ranging between $21.1 and $21.5 million, both metrics within the company’s previously issued annual guidance range. “We are very
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