Q: What do you think of Payfare's quarter? Thanks.
5i Research Answer:
EPS of 15c was well ahead of estimates of 10c; Revenue of $51.9M missed estimates by 1.6%. Revenue rose 23%. User count was 1,423,502, up 26%. Net income rose 296% to $5.1M. EPS rose 116%. Free cash flow dipped slightly to $5.8M. No conference call was held, but the company said its annual filings will be done by May 22. Investors have calmed down about the delay, and these results should help instill some more confidence.