earnings
confidence high
sentiment positive
materiality 0.85
Priority Tech Q3 revenue $132.5M (+21.6% YoY); Adj EBITDA $23.6M (+20%); acquires Finxera
Priority Technology Holdings, Inc.
2021-Q3 EPS reported
-$0.48
revenue$370,853,000
- Revenue $132.5M, up 21.6% YoY; operating income $8.3M (+17.2%).
- Net loss $0.5M vs net income $85.7M (incl. $94.9M gain on sale in prior year); diluted loss $0.09 vs $0.60 EPS.
- Adjusted EBITDA $23.6M, up 20.0%; gross profit margin 30.0% (down from 31.2%).
- Completed Finxera acquisition; new platform for collect, store, send money.
- FY2021 guidance: revenue $500-520M, Adj EBITDA $94-98M.