TruGolf 2024 Guidance Update
Provided By GlobeNewswire
Last update: Feb 18, 2025
Record Sales in 2024
Significantly Exceeds Second Half EBITDA Target
Salt Lake City, Utah, Feb. 18, 2025 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading golf technology company, announced today an update to its previously issued guidance targets. In November the Company announced it expected sales growth for 2024 to be between 9% and 13%; with second half 2024 EBITDA in a range between $1.1 million to $1.5 million. Based on TruGolf’s unaudited fourth quarter results, the Company expects 2024 sales to be approximately $22.5 million, a new record and that second half 2024 EBITDA is expected to be in excess of $2.2 million, significantly more than the target range. Full year 2024 EBITDA is expected to be in excess of $1.2 million.
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