Brief: Limeade Posts FY Net Loss After Tax Of $13.2 Mln, 33% Greater Than PCP

Limeade

28/02/2023 21:21

March 1 (Reuters) - Limeade Inc  LME.AX :
    * FY NET LOSS AFTER TAX OF $13.2 MILLION, 33% GREATER THAN
PCP
    * SEES FY23 GUIDANCE REVENUE OF $57 TO $59 MILLION
    * FY REVENUE OF $56.0 MILLION, 1% GREATER THAN PCP
    * PLANS TO DELIVER ADJUSTED EBITDA POSITIVITY IN FY23
    * SEES ADJUSTED EBITDA BETWEEN $0.5 MILLION TO $2.5 MILLION
IN
FY23
    * SEES NET LOSS AFTER TAX BETWEEN $5.0 MILLION TO $7.0
MILLION IN
FY23
    * SEES RESTRUCTURE AND RELATED EFFORTS TO RESULT IN
THREE-TO-FIVE
PERCENTAGE POINT INCREASES IN GROSS MARGINS IN FY23
    * COMMITTED TO RETURNING TO CASH FLOW POSITIVE OR BREAKEVEN
BY END
OF FY23

Source text for Eikon:  ID:nASX6DnW6 
Further company coverage:  LME.AX 

 ((Reuters.Briefs@thomsonreuters.com;))