- Pushpay has issued revised earnings and revenue for the current financial year after noticing a downward trend in its customer base
- Revenue has been revised to fall between US$121 million and US$124 million during the 2020 financial year
- Pushpay’s share price is up 0.95 per cent today, currently sitting at $3.19 apiece
Pushpay has issued revised earnings and revenue for the current financial year after noticing a downward trend in its customer base.
“New customer acquisition over the start of the financial year was lower than the previous year,” Pushpay’s CEO Bruce Gordon said.
“We have subsequently adjusted our operating revenue guidance range to reflect this,” he added.
Operating revenue has been revised to fall between US$121 million and US$124 million during the 2020 financial year. This is revised from $122.5 million to $125.5 million.
However, earnings before interest, tax, depreciation, amortisation, and foreign currency is set to increase after revision. Originally set at between US$18.5 million to US$20.5 million, the revised amount is now US$23 million to US$25 million.
Total processing volume remains unchanged for the 2020 financial year which is forecast to land between US$4.8 billion and US$5 billion.
Pushpay is a mobile giving and engagement solution which connects users with over 7000 churches globally.
Shares in the company are slightly up at market close, currently trading at $3.19 apiece.