Priority Tech Q1 revenue $185M (+20.8% YoY); Adj. EBITDA $37.6M (+24.1%)

Priority Technology Holdings, Inc.

2023-Q1 EPS reported -$0.15 revenue$185,028,000

Revenue $185.0M, up 20.8% YoY from $153.2M.
Adjusted gross profit $63.1M (+21.8%); margin 34.1% (+30 bps).
Operating income $16.8M, up 55.6% from $10.8M.
Adjusted EBITDA $37.6M, up 24.1% from $30.3M.
CEO cites strength in counter-cyclical businesses benefiting from higher interest rates.

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

Priority Technology Holdings, Inc. reported first quarter 2023 results: revenue $185.0 million.

Period: first quarter 2023
Revenue: $185.0 million
Result: reported results

Exact text from the filing

Highlights of Consolidated Results First Quarter 2023, Compared with First Quarter 2022 Financial highlights of the first quarter of 2023 compared with the first quarter of 2022, are as follows: • Revenue of $185.0 million increased 20.8% from $153.2 million.

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

Priority Technology Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001653558-23-000054

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