IBEX - IBEX Holdings Non-GAAP EPS of $0.59 beats by $0.20 revenue of $131.6M misses by $9.93M

2023-05-17 16:44:00 ET

• IBEX Holdings press release ( NASDAQ: IBEX ): Q3 Non-GAAP EPS of $0.59 beats by $0.20 .
• Revenue of $131.6M (+1.9% Y/Y) misses by $9.93M .
• Third quarter net income and net income margin increased to $11.7 million and 8.9%, respectively, compared to $6.6 million and 5.1%, respectively, in the prior year quarter.
• Adjusted net income and adjusted net income margin increased to $11.3 million and 8.6%, respectively, compared to $10.7 million and 8.3%, respectively, in the prior year quarter which included a significant one-time deferred tax benefit.
• Third quarter non-GAAP adjusted EBITDA increased 30% to $24.4 million, over the prior year quarter.
• Third quarter non-GAAP adjusted EBITDA margin increased to 18.5%, compared to 14.6% in the prior year quarter.
• Net cash flow from operations in the third quarter increased to $17.2 million, compared to $12.0 million in the prior year quarter.
• Free cash flow for the third quarter increased to $13.4 million, compared to $5.9 million in the prior year quarter.
• Fiscal year 2023 organic revenue between $523 million and $527 million with midpoint growth of 6.4% versus fiscal year 2022.
• Fiscal year adjusted EBITDA of $88 million to $90 million with midpoint margin of 17.0%.
• Fiscal year 2023 capital expenditures of approximately $19 million.

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