Absolute (ABST) Reports Q2 EPS of $0.04

Absolute (NASDAQ: ABST) reported Q2 EPS of $0.04, versus $0.06 reported last year. Revenue for the quarter came in at $29.9 million, versus $24.9 million reported last year.

F2021 Financial Outlook

The Company is updating its previously disclosed financial outlook for the full year fiscal 2021 as follows:

• The Company is raising its outlook on revenue from $116 million to $118 million (representing 11% to 13% annual growth) to $117 million to $119 million (representing 12% to 14% annual growth).
• The Company is raising the lower end of its outlook on Adjusted EBITDA from 21% to 24% of revenue to 22% to 24% of revenue.
• The Company is also raising the lower end of its outlook on cash from operating activities margin from 25% to 34% of revenue to 26% to 34% of revenue.
• The Company is maintaining its outlook for capital expenditures and expect them to be between $3.0 million and $4.0 million.

For earnings history and earnings-related data on Absolute (ABST) click here.

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