other material
confidence high
sentiment negative
materiality 0.65
Priority Tech files Finxera financials; net income fell 53% to $11.1M in 2020
Priority Technology Holdings, Inc.
- Finxera 2020 revenue $71.5M (+5.3% YoY); net income $11.1M vs $23.8M in 2019.
- Operating income $32.7M in 2020, down 13% from $37.6M; interest expense doubled to $15.6M.
- Total assets $608.2M, total liabilities $721.2M, stockholders' deficit $113.0M at Dec 2020.
- Acquisition closed Sept 17, 2021; pro forma combined financials for 9 months and FY 2020 filed.