Urthecast Corp. Revises Earnings Guidance for the Year 2016; Provides Earnings Guidance for the Year 2017
February 21, 2017 at 09:45 am EST
Urthecast Corp. revised earnings guidance for the year 2016. For the year, the company's non-IFRS revenue is expected to be approximately $50 million. The guidance previously disclosed by the company for this figure was a range of $55 million to $60 million. For its 2016 adjusted EBITDA, the company expects to be near the top end of the previously disclosed range of $4.2 million to $6.2 million.
The company's preliminary view for 2017 is for growing non-IFRS revenues and expanding adjusted EBITDA margins over 2016 with similar seasonality to that of 2016.