Q: Good morning,
What are your thoughts on the recent news with Payfare. Is this a miscommunication or something deeply wrong with their internal controls. They did reiterate guidance for the quarter that helped the stock.
What are your thoughts on the recent news with Payfare. Is this a miscommunication or something deeply wrong with their internal controls. They did reiterate guidance for the quarter that helped the stock.
5i Research Answer:
We think it is largely a non-event. There is a specifically stated reason for the delay, it is only 10 days, and the company has re-affirmed its prior guidance. As far as delays go, it seems fairly innoculous.