Q: They issued delayed year end numbers. Seem pretty good. Cash of $1.65 a share. Please provide your thoughts. Thanks.
5i Research Answer:
For Q4, EPS beat estimates nicely coming in at 15c, above forecasts of 13c. Revenue was marginally below forecasts of $50.32M coming in at $50M and growing 30% year-over-year. Active users for Q4 were up 33% year-over-year. Adjusted net income grew 60% year-over-year while free cash flow increased 8% year-over-year. The Q4 numbers look very solid and PAY continues to grow at a high rate. Depsite all the troubles with the vendor delays, PAY's numbers were very strong to end the year with top and bottom line growth fuelled by significant active user growth.