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home / news releases / SHSP - SharpSpring up 3% PM after Q1 beats affirms guidance


SHSP - SharpSpring up 3% PM after Q1 beats affirms guidance

  • SharpSpring (NASDAQ:SHSP) +3% PM after yesterday's Q1 results beats top and bottom line estimates.
  • Q1 highlights: Revenue was $7.05M (+32% Y/Y).
  • Gross profit of ~$4.7M (+24%).
  • Adjusted EBITDA totaled $1.8M (+200%).
  • Cash and equivalents at quarter-end $11.6M (+2.5% Q/Q).
  • SHSP reaffirm FY20 revenue in the range of $30M-$31M vs. a consensus of $29.77M.
  • SharpSpring CEO Rick Carlson: "While the long-term economic impact of this pandemic remains opaque at best, we have a number of factors within our business model working in our favor that will allow us to continue to operate and grow effectively both during and after this unprecedented period."
  • Previously: SharpSpring EPS beats by $0.06, beats on revenue (May 14)
  • More news on: SharpSpring, Inc., Tech stocks news, , Earnings news and commentary, Stocks on the move, ,
Stock Information

Company Name: SharpSpring Inc.
Stock Symbol: SHSP
Market: NASDAQ
Website: sharpspring.com

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