Priority Technology Q1 2024 preliminary revenue $205.7M, up 11.2% YoY; adj. EBITDA +23.1%

Priority Technology Holdings, Inc.

2024-Q1 EPS reported -$0.10 revenue$205,719,000

Revenue $205.7M (+11.2% YoY); adjusted gross profit $76.4M (+21.2%), margin 37.2% (+310 bps).
Adjusted EBITDA $46.3M (+23.1% YoY); net income $5.2M vs loss $0.5M in Q1 2023.
Full Q1 results and conference call scheduled for May 9, 2024; no guidance change.
Non-GAAP reconciliations show cost of revenue excl. D&A $129.3M, EBITDA $43.9M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Priority Technology Holdings, Inc. reported first quarter of 2024 results: revenue $205.7 million.

Period: first quarter of 2024
Revenue: $205.7 million
Result: preliminary results

Exact text from the filing

today pre-released its preliminary results for the first quarter of 2024. For the quarter, total revenue was $205.7 million, which is 11.2% growth over the prior year's first quarter. Adjusted Gross Profit of $76.4 million is 21.2% growth from the first quarter of 2023

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Priority Technology Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001653558-24-000057

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