secwatch.observer — SEC 8-K summary
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Issuer:     Priority Technology Holdings, Inc. (PRTH)
CIK:        0001653558
Form:       8-K
Filed at:   2021-12-02T23:59:59+00:00
Accession:  0001653558-21-000141
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Priority Tech files Finxera financials; net income fell 53% to $11.1M in 2020
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653558/000165355821000141/0001653558-21-000141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653558/000165355821000141/prth-20210917.htm
  HTML page:      https://secwatch.observer/filing/0001653558-21-000141

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer