Prime Time Group (PRTH) Reports Q1 Loss of $0.09, Revenues Miss
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Priority Technology Holdings, Inc. Announces First Quarter 2020 Financial Results
May 13, 2020 4:07 PM EDTALPHARETTA, Ga.--(BUSINESS WIRE)-- Priority Technology Holdings, Inc. (NASDAQ: PRTH) (Priority or the Company), a leading provider of merchant acquiring, integrated payment software and commercial payment solutions, today announced its first quarter 2020 financial results.
Highlights of Consolidated Results
First Quarter 2020, Compared with First Quarter 2019
Revenues of $96.9 million increased 10.6% from $87.6 million. Gross profit of $30.6 million increased 11.0% from $27.5 million. Gross profit margin of 31.5% increased 11 basis points from 31.4%. Income from operations of $3.6 million increased $2.6 million from $1.0 million. Net loss of $5.9... More