PGRU - PropertyGuru GAAP EPS of -S$0.04 revenue of S$36.88M; reaffirms FY23 guidance

2023-08-24 06:11:25 ET

• PropertyGuru press release ( NYSE: PGRU ): Q2 GAAP EPS of -S$0.04.
• Revenue of S$36.88M (+11.7% Y/Y).
• Active cost management drove 113% of incremental year over year revenue into Adjusted EBITDA ^.
• Adjusted EBITDA grew to S$5 million in the second quarter 2023, up from S$0.3 million in the second quarter of 2022.

• Full Year 2023 Outlook: The Company continues to project that full year 2023 revenues will be between S$160 million and S$170 million and Adjusted EBITDA will be between S$11 million and S$15 million, although due to the ongoing situation in Vietnam we now believe revenues will be at the bottom end of the range. We still anticipate that conditions in Vietnam will begin to improve in the latter stages of the year.

For further details see: