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Stock impact report

Paysign, Inc. Revises 2019 Annual Revenue Guidance, Adjusted EBITDA Guidance Remains Unchanged

Paysign, Inc. (PAYS) 
Company Research Source: Business Wire
HENDERSON, Nev.--(BUSINESS WIRE)--Paysign, Inc. (NASDAQ: PAYS), a vertically integrated provider of innovative prepaid card programs and processing services for corporate, consumer, and government applications, today revised its revenue guidance for its fiscal year ending December 31, 2019. Total revenue is now expected to be in the range of $35.0 million to $37.0 million, representing an increase of 50% to 58% compared to $23.4 million for full year 2018. This revises the company’s previous guidance of $38.0 million to $40.0 million. The company’s Adjusted EBITDA guidance remains unchanged at $10.0 million to $12.0 million, representing a 104% to 145% increase compared to $4.9 million for full year 2018. The company continues to experience gross margin expansion and improved operating leverage during 2019 when compared to full year 2018.The revised guidance primarily reflects delays in onboarding of new plasma industry programs planned for the first and second quarters of 2019. T Show less Read more
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