Don't believe they ever said 600M processing as Q1 guidance...it was always annual. So they updated from 600M annual to 1.2B annual....but of course also referenced potential for further changes upward. I think closest we heard to processing volume guidance for Q1 was some reference by Ben to Q1 approaching 3x previous quarter...which would imply something approaching 350M-400M IIRC...
the raised the annual guidance from 600M in processing volume to 1.2B based on 1st quarter results, which I believe is somewhere north of 300M in processing volume
it's amazing that they can raise their guidance, but they can't raise their bottom line and that's what's keeping this from taking off. They reported Q4 last week as their best recorded quarter ever, but their total net and EPS were both negative. I'm hoping this all changes in the q1 report due May 15th. I can't wait for that
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