Q: Can you please comment on the latest quarter and your outlook for this company? Is it a long term hold considering the increasingly good quarters?
5i Research Answer:
EPS of 16c beat estimates of 9c; revenue of $47.2M was 5% short of estimates. 4Q revenue guidance of $50M was marginally below estimates ($51.8M). Revenue rose 35%; active users rose 32%. Growth in income and EBITDA was very strong on a percentage basis, from a small base last year. PAY announced a 5% buyback program. The stock has done well, and is only 19X earnings. The balance sheet is solid with net cash, and consensus calls for nearly 100% EPS growth next year. Things look good here.