Repay Holdings Corporation (RPAY) Reports Q3 EPS of $0.12, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus

Repay Holdings Corporation (NASDAQ: RPAY) reported Q3 EPS of $0.12. Revenue for the quarter came in at $37.6 million versus the consensus estimate of $36.62 million.

Three Months Ended September 30, 2020 Highlights

• Card payment volume was $3.8 billion, an increase of 44% over the third quarter of 2019
• Total revenue was $37.6 million, a 43% increase over the third quarter of 2019
• Gross profit was $27.1 million, an increase of 40% over the third quarter of 2019
• Pro forma net loss1 was $(6.6) million, as compared to net loss of $(41.4) million in the third quarter of 2019
• Adjusted EBITDA was $15.6 million, an increase of 31% over the third quarter of 2019
• Adjusted Net Income was $9.5 million, a decrease of 9% from the third quarter of 20192
• Adjusted Net Income per share was $0.12

“Our solid third quarter results are a testament to the value proposition of our business, which has grown even more evident since the COVID-19 pandemic began almost eight months ago. Compared to the third quarter of 2019, card payment volume and gross profit increased 44% and 40%, respectively,” said John Morris, CEO of REPAY. “We are thrilled by our latest acquisition of CPS Payment Services, which fortifies our B2B and AP automation offering and will help us satisfy the heightened demand for comprehensive, technology-first B2B automation and payment solutions.”

GUIDANCE:

Repay Holdings Corporation sees FY2020 revenue of $148-153 million, versus the consensus of $154.89 million.

For earnings history and earnings-related data on Repay Holdings Corporation (RPAY) click here.

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