EML +31.54% The troubled payments company delivered an update today that was well ahead of company guidance into a market that was ~6% short, and fireworks ensued! Revenue of $254.2m was up 9% and ahead the $239m expected driving an underlying EBITDA beat of ~20%. They are making progress on their strategic review and operational turnaround which has seen the stocks lift itself from the depths of despair. We have management in tomorrow and will provide additional colour from there.
MM remains long EML in the Emerging Companies Portfolio
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