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Absolute Announces Closing of US$69 Million Public Offering of Common Shares, Including Full Exercise of Underwriters’ Over-Allotment Option
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Vancouver, BC, November 2, 2020--Absolute Software (Nasdaq:ABST; TSX:ABST), a leader in Endpoint Resilience™ solutions, announced that it has completed its previously announced underwritten public offering in the United States and Canada of 6,272,727 common shares, which includes the full exercise of the underwriters' over-allotment option to purchase an additional 818,181 Common Shares, at a price of US$11.00 per Common Share, for aggregate gross proceeds to Absolute of approximately US$69 mill
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Absolute Announces Preliminary Financial Results for the Fiscal Quarter Ended September 30, 2020
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Vancouver, BC, October 29, 2020--Absolute Software (ABT.TO), a leader in Endpoint Resilience solutions, announced that, based on preliminary financial data, revenue for its fiscal quarter ended Sept 30, 2020 is expected to be approximately USD $28.5 million, Adjusted EBITDA[i] and net income are expected to be approximately USD $8.1 million and USD$2.6 million, respectively, and cash flow from operating activities for the same period is expected to be approximately USD $14.7 million.
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Absolute Unveils Enhanced Global Partner Program
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Vancouver, BC, October 26, 2020--Absolute (ABT.TO), a leader in Endpoint Resilience™ solutions, announced a new program designed to increase revenue opportunities and tools for its global ecosystem of channel partners and resellers.
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