Q: Good morning all,
Any thoughts on the Quarterly numbers published this morning? All numbers going up however EBITDA growth is not going up as fast as sales/service numbers. thx
Any thoughts on the Quarterly numbers published this morning? All numbers going up however EBITDA growth is not going up as fast as sales/service numbers. thx
5i Research Answer:
PNG posted net income of $2.2M, improving from a loss of ($1.3M), and revenue jumped 175% year-over-year to a record $20.9M. Adjusted EBITDA was up 354% year-over-year to $4.1M from $0.903M. Adjusted EBITDA margin also improved to 20% in the quarter from 12% in the same quarter of the year prior. Guidance was reiterated projecting revenue of $90-$100M and adjusted EBITDA of $18-$24M.This is a strong quarter for PNG and momentum continues to be strong.