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Monday, 04/06/2020 10:14:36 PM

Monday, April 06, 2020 10:14:36 PM

Post# of 9656
DaDavidson re-iterates 12$ Target and Buy Rating.

PAYS - Constructive Tone on 2020, 1Q Off to a Good Start

This morning, management hosted a call to review 4Q and full-year 2019 results, announce some preliminary 1Q figures, and discuss the outlook. Management elected to defer providing formal 2020 guidance due to the viral pandemic but, on the call, management relayed total revenue increased 43%-45% in the first quarter to $10.4M-$10.5M (on a preliminary basis). We have updated our forecasts but the changes on the bottom-line are relatively modest. We are maintaining our BUY rating with a $12 price target.
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