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Points (TSX: PTS, NASDAQ: PCOM) announces a multi-year partnership with Qatar Airways Privilege Club, utilizing Points’ Loyalty Commerce Platform. Members can now Buy, Gift, and Transfer Qmiles, enhancing their rewards experience. This partnership will gradually roll out various services in multiple languages and currencies, aiming to optimize member engagement and tailored promotions. CEO Rob MacLean highlights the provision of dedicated support to strengthen the value of the Privilege Club amidst Qatar Airways' expansion to over 80 destinations.
Points International Ltd. (TSX: PTS, Nasdaq: PCOM) reported second quarter 2020 results showing total revenue of $40.9 million, down from $100.2 million in Q2 2019. Gross profit fell to $7.0 million compared to $14.4 million. The company incurred a net loss of $3.3 million, or $(0.25) per share, against a net income of $6.3 million, or $0.45 per share, in the previous year. Adjusted EBITDA was $0.3 million versus $5.2 million last year. Total funds available stood at approximately $107 million. The company is optimistic about recovery opportunities despite ongoing industry volatility due to COVID-19.
Points International Ltd. (NASDAQ: PCOM) will hold a conference call on August 12, 2020, at 4:30 p.m. ET to discuss its second-quarter financial results ending June 30, 2020. The results will be disclosed in a press release prior to the call, which will also include a Q&A session. Investors can join the call via a toll-free number, with a replay available after the call until August 26, 2020. Points provides loyalty e-commerce solutions for top brands, facilitating revenue growth and member engagement through various services.
Points International Ltd. (NASDAQ: PCOM) announced the successful passage of all resolutions during its annual general meeting held on May 22, 2020. This included the reappointment of its directors, with significant shareholder support. Notable votes included David Adams receiving 6,419,973 shares for and 148,782 withheld. Shareholders also approved KPMG LLP as the company's auditors, with 8,588,893 shares in favor and 217,835 withheld. Points continues to expand its loyalty commerce platform, integrating nearly 60 global loyalty programs.
Points International Ltd. (PCOM) announced its Q1 2020 financial results, showing total revenue of $82.7 million, down from $95.9 million in Q1 2019. Gross profit rose slightly to $13.8 million, while net income fell to $1.1 million or $0.08 per diluted share. Adjusted EBITDA decreased to $3.6 million. The company highlighted operational resilience amid the COVID-19 pandemic, launching new services while implementing cost-cutting measures. Total funds available reached $107.2 million, boosted by a $40 million credit facility drawdown.
Points (NASDAQ: PCOM) has expanded its partnership with Aeroplan, allowing members to buy and gift Aeroplan Miles outside of flight bookings. This initiative aims to enhance the member experience and accelerate rewards access. From May 7 to May 13, 2020, members can enjoy significant bonuses for purchased miles, with bonuses of 115%, 90%, and 65% applicable to different tiers. Additionally, a portion of purchased miles will be donated to the Centre for Addiction and Mental Health Foundation.
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