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Absolute Software provides outlook for fiscal 2020

Absolute Software Corp. expects revenue for fiscal year 2020 to be in the range of $103 million to $106 million.

The company's adjusted EBITDA for the period is expected to be between 18% and 22% of revenue, while cash from operating activities is anticipated to be between 16% and 22% of revenue. Capital expenditures for fiscal year 2020 are projected to be between $3.5 million and $4.0 million.

Absolute Software reported net income of $2.0 million, or 5 cents per share, for the fiscal 2019 fourth quarter. For the fiscal year ended June 30, the company posted net income of $7.6 million, or 18 cents per share.