Points International Reports Preliminary Full Year 2018 Financial Results
- Gross Profit Growth Expected to be in Upper Half and Adjusted EBITDA Growth at Highest End of 2018
- Full Q4 & 2018 Financial Results to be Issued on
- Points to Host Investor Day in
“2018 was a record year for Points with gross profit growth expected to be at the upper half and adjusted EBITDA growth expected to be at the highest end of our previously issued 2018 outlook, which had gross profit up 10% to 20% and adjusted EBITDA up 30% to 40% from 2017,” said
“Our final Q4 and full year 2018 results will be reported on
Additionally, Points is introducing a new method to address questions on its earnings conference calls. In addition to answering live questions from its covering analysts, Points encourages investors to submit questions that they would like management to address during the call via email to IR@points.com by
Further, Points management will be hosting an investor day in
Points (TSX: PTS) (Nasdaq: PCOM) provides loyalty e-commerce and technology solutions to the world's top brands to power innovative services that drive increased loyalty program revenue and member engagement. The Company has a growing network of nearly 60 global loyalty programs integrated into its unique Loyalty Commerce Platform. Points offers three core private or co-branded services: its Loyalty Currency Retailing service, which retails loyalty points and miles directly to consumers; its
Caution Regarding Forward-Looking Statements
This press release contains or incorporates forward-looking statements within the meaning of
Although Points believes the expectations reflected in such forward-looking statements are reasonable, such statements are not guarantees of future performance and are subject to important risks and uncertainties that are difficult to predict. Certain material assumptions or estimates are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Undue reliance should not be placed on such statements. In particular, the financial outlooks herein assume Points will be able to maintain its existing contractual relationships and products, that such products continue to perform in a manner consistent with Points' past experience, that Points will be able to generate new business from our pipeline at expected margins, our in-market and newly launched products and services will perform in a manner consistent with the Company's past experience and we will be able to contain costs. Our ability to convert our pipeline of prospective partners and product launches is subject to significant risk and there can be no assurance that we will launch new partners or new products with existing partners as expected or planned, nor can there be any assurance that Points will be successful in maintaining its existing contractual relationships or maintaining existing products with existing partners. Other important risk factors that could cause actual results to differ materially include the risk factors discussed in Points' annual information form, Form-40-F, annual and interim management's discussion and analysis, and annual and interim financial statements and the notes thereto. These documents are available at www.sedar.com and www.sec.gov.
The forward-looking statements contained in this press release are made as at the date of this release and, accordingly, are subject to change after such date. Except as required by law, Points does not undertake any obligation to update or revise any forward-looking statements made or incorporated in this press release, whether as a result of new information, future events or otherwise.
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Source: Points International, Ltd.