REPAY Q2 gross profit +8% YoY to $54.9M; raises FY 2023 revenue and gross profit outlook

Repay Holdings Corp

2023-Q2 EPS reported -$0.35 revenue$146,320,000

Revenue $71.8M (+6% YoY); gross profit $54.9M (+8% YoY).
Organic gross profit growth of 12% YoY; net loss $5.3M vs net loss $1.4M prior year.
Adjusted EBITDA $30.3M (+10% YoY); adjusted net income $18.8M (+13% YoY).
Company raising full year 2023 revenue and gross profit guidance.

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 0.9

Repay Holdings Corp reported the quarter ended June 30, 2023 results: revenue 71.8, net income (5.3). Guidance raised.

Period: the quarter ended June 30, 2023
Revenue: 71.8
Net income: (5.3)
Guidance: raised
Result: reported results

Exact text from the filing

REPAY Reports Second Quarter 2023 Financial Results Q2 2023 Gross Profit Growth of 8% and Organic Gross Profit Growth of 12% Year-over-Year Raising Full Year 2023 Revenue and Gross Profit Outlook ATLANTA, August 9, 2023 -- Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”), a leading provider of vertically-integrated payment solutions, today reported financial results for its second quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights (in $ millions) Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 YoY Change Card payment volume $ 6,196.3 $ 6,416.8 $ 6,611.8 $ 6,581.4 $ 6,253.7 1% Revenue 67.4 71.6 72.7 74.5 71.8 6% Gross profit (1) 50.7 54.9 57.8 56.6 54.9 8% Net income (loss) (1.4 ) 5.4 (8.2 ) (27.9 ) (5.3 ) - Adjusted EBITDA (2) 27.6 31.7 36.0 31.2 30.3 10% Adjusted Net Income (2) 16.6 22.8 21.8 19.2 18.8 13% (1) Gross profit represents revenue less costs of services. (2) Adjusted EBITDA and Adjusted Net Income are

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18 earnings releases filed in the last 30 days. Browse all earnings releases →

Repay Holdings Corp filing history →

Source: SEC EDGAR

accession 0000950170-23-040566

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