JetPay (JTPY) Narrows Q4 Loss

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Go back to JetPay (JTPY) Narrows Q4 Loss

JetPay Corporation Announces Fourth Quarter and Year Ended December 31, 2015 Financial Results With 29.5% Increase in Annual Revenues, Including a 45.1% Increase in the Payment Processing Segment

March 24, 2016 2:56 PM EDT

BERWYN, PA -- (Marketwired) -- 03/24/16 -- JetPay Corporation ("JetPay", the "Company" or "we") (NASDAQ: JTPY) announced financial results for the fourth quarter and year ended December 31, 2015.

Financial Highlights

Revenues increased 29.5%, or $9.9 million, to $43.3 million for the year ended December 31, 2015 as compared to $33.4 million in 2014, and up 18.2%, or $1.8 million, to $11.6 million for the quarter ended December 31, 2015 from $9.8 million for the same period in 2014. Revenues within our Payment Processing segment increased 45.1% or $8.9 million,... More