Ranpak reports Q1 EPS (13c), consensus (4c)

Reports Q1 revenue $91.2M, consensus $90.56M. Omar Asali, chairman and CEO, commented, “We were excited to share in January that we signed a warrant transaction with Amazon. We believe this transaction provides great alignment for meaningful incremental growth and cash flow for Ranpak (PACK) over the upcoming years and is a testament to the strong innovation and execution we have delivered. This quarter you can see our revenue growth impacted by this relationship, partially offset by the resulting non-cash reduction to revenue associated with Amazon warrants which flows through our financial statements.”