Brief: Propel Reports Q4 Results

Propel Holdings

21/03/2022 10:17

March 21 (Reuters) - Propel Holdings Inc  PRL.TO :
    * SAYS INITIATES ANNUAL OUTLOOK AND PROVIDES AN UPDATE TO
ITS
OPERATING AND FINANCIAL TARGETS
    * SAYS REVENUE INCREASED BY 84% TO $41.2 MILLION IN Q4 2021
    * SAYS ADJUSTED NET INCOME DECREASED 18% TO $1.0 MILLION IN
Q4
2021
    * SEES FY 2022 REVENUE $230 - $245 MILLION; SEES FY 2023
REVENUE
$345-$375 MILLION
    * SEES NET INCOME MARGIN BETWEEN 7% - 9% FOR FY2022 AND
BETWEEN
12% - 16% FOR FY2023

Source text for Eikon:  ID:nBw92S80Fa 
Further company coverage:  PRL.TO 

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