Pivotal Announces KLDiscovery’s Record Second Quarter Results
(PVT)
Company Research
Source: Business Wire
Company achieves record quarterly revenues of $78.3 millionCompany records all time high adjusted EBITDA of $19.1 millionAdjusted EBITDA growth leaps 22% over prior year periodCompany reaffirms full year guidance of $310 million in revenues and $75.0 million in adjusted EBITDA NEW YORK & MCLEAN, Va.--(BUSINESS WIRE)--Pivotal Acquisition Corp (NYSE: PVT) (“Pivotal”), a special purpose acquisition corporation, announced 2019 second quarter results of KLDiscovery (“KLD”), a leading global provider of electronic discovery, information governance and data recovery services.Highlights for the Second Quarter of 2019KLD achieved its highest ever quarterly revenues and EBITDA for the quarter ended June 30, 2019. Total revenue of $78.3 million for the quarter produced adjusted EBITDA of $19.1 million, a 22% increase over the prior year period’s adjusted EBITDA of $15.7 million. Net loss for the quarter ended June 30, 2019 was $11.9 million, an improvement of 21% over the prior year period’s
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