Priority Tech Q2 revenue $182.3M (+9.6% YoY); Adjusted EBITDA $41.1M (+21.2%)

Priority Technology Holdings, Inc.

2023-Q2 EPS reported -$0.31 revenue$367,318,000

Revenue $182.3M, up 9.6% YoY; adjusted gross profit $67.0M, up 20.3%.
Adjusted gross margin 36.8%, up 330 bps from 33.5%.
Operating income $19.1M, up 45.8% YoY; adjusted EBITDA $41.1M, up 21.2%.
CEO cites recent Plastiq acquisition as part of unified commerce strategy.
Results reflect strength in counter-cyclical business lines 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 the quarter ended June 30, 2023 results: revenue $182.3 million.

Period: the quarter ended June 30, 2023
Revenue: $182.3 million
Result: reported results

Exact text from the filing

Second Quarter 2023 Compared with Second Quarter 2022 Financial highlights of the second quarter of 2023 compared with the second quarter of 2022, are as follows: • Revenue of $182.3 million increased 9.6% from $166.4 million • Adjusted gross profit (a non-GAAP measure 1 ) of $67.0 million increased 20.3% from $55.7 million • Adjusted gross profit margin (a non-GAAP

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Priority Technology Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001653558-23-000097

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