Priority Technology Holdings, Inc. Announces Third Quarter 2020 Financial Results
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Priority Technology Holdings (PRTH) Reports Q3 EPS of $0.60, Revenues Miss
November 12, 2020 5:08 PM ESTPriority Technology Holdings (NASDAQ: PRTH) reported Q3 EPS of $0.60, versus ($0.09) reported last year. Revenue for the quarter came in at $109 million versus the consensus estimate of $115.2 million.
Highlights of Consolidated Results
Third Quarter 2020, Compared with Third Quarter 2019
Financial highlights of the third quarter of 2020 compared with the third quarter of 2019, are as follows:
Revenue of $109.0 million increased 16.1% from $93.9 million.Gross profit (a non-GAAP measure1) of $34.0 million increased 12.7% from $30.2 million.Gross profit margin (a non-GAAP measure1) of 31.2% decreased 94 basis points from 32.1%.Income from... More