Repay Holdings Corporation (RPAY) Tops Q1 EPS by 2c, Revenues Beat; Offers FY21 Revenues Guidance Above Consensus

Repay Holdings Corporation (NASDAQ: RPAY) reported Q1 EPS of $0.18, $0.02 better than the analyst estimate of $0.16. Revenue for the quarter came in at $47.5 million versus the consensus estimate of $44.87 million.

Three Months Ended March 31, 2021 Highlights

• Card payment volume was $4.6 billion, an increase of 20% over the first quarter of 2020
• Total revenue was $47.5 million, a 20% increase over the first quarter of 2020
• Gross profit was $35.0 million, an increase of 22% over the first quarter of 2020
• Net loss was ($18.0) million, as compared to a net loss of ($13.2) million in the first quarter of 2020
• Adjusted EBITDA was $20.5 million, an increase of 18% over the first quarter of 2020
• Adjusted Net Income was $15.1 million, an increase of 22% over the first quarter of 2020
• Adjusted Net Income per share was $0.18

“We are pleased with our results in the first quarter, with card payment volume and gross profit growth of 20% and 22%, respectively. This was driven by strong results across all of our businesses,” said John Morris, CEO of REPAY. “We made solid progress against our key growth objectives in the quarter, by increasing the size of our direct sales force as well as integrating additional software partners and expanding our B2B supplier network. During the quarter we also strengthened our balance sheet, positioning us well for acquisition opportunities, including BillingTree which we announced today.”

GUIDANCE:

Repay Holdings Corporation sees FY2021 revenue of $210-220 million, versus the consensus of $184.76 million.

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

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