Ex CFO
Pushpay have given Revenue Guidance for FY19 at say $99 m. They have also indicated that gross margins will increase from 57% to 60 + %. At the half year they reported OPEX at only 2 percent higher than previous half. Therein lies the confidence on the earnings trajectory.
As indicated previously, come March results time, we should be in a position to take a decent stab at the eps, not as reported for the full financial year, but off the run rate entering the new financial year ie Essentially looking only at the second half numbers. This is the true departure point entering FY 2020.
PPH have already demonstrated the impact of scale. My confidence stems from the view that they have considerable opportunity to further scale this business. Having succeeded with signing up 56 of the top 100 churches in the States speaks volumes in terms of their value proposition and a market endorsement of that.
Hope this helps you when doing yr own research.
Rokewa