REPAY Q1 2023 net loss $27.9M vs profit $12.9M YoY; revenue up 10%

Repay Holdings Corp

2023-Q1 EPS reported -$0.30 revenue$74,537,000

Net loss of $27.9M vs net income of $12.9M in Q1 2022; adjusted net income $19.2M (up 3%).
Revenue of $74.5M, up 10% year-over-year; gross profit of $56.6M, up 11%.
Card payment volume $6.58B, up 3% YoY.
Adjusted EBITDA of $31.2M, up 6% YoY.
Full year 2023 outlook reiterated (no specific guidance numbers provided).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Repay Holdings Corp reported quarter ended March 31, 2023 results: revenue 74.5, net income -27.9. Guidance reaffirmed.

Period: quarter ended March 31, 2023
Revenue: 74.5
Net income: -27.9
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Highlights (in $ millions) Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 YoY Change Card payment volume $ 6,414.0 $ 6,196.3 $ 6,416.8 $ 6,611.8 $ 6,581.4 3% Revenue 67.6 67.4 71.6 72.7 74.5 10% Gross profit (1) 51.0 50.7 54.9 57.8 56.6 11% Net income (loss) 12.9 (1.4 ) 5.4 (8.2 ) (27.9 ) - Adjusted EBITDA (2) 29.3 27.6 31.7 36.0 31.2 6% Adjusted Net Income (2) 18.6

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Repay Holdings Corp filing history →

Source: SEC EDGAR

accession 0000950170-23-020536

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