Citi Downgrades Repay (RPAY) to Neutral, 'Expectations Reset Highlights More Macro Risk'

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REPAY Reports Second Quarter 2022 Financial Results

August 9, 2022 4:05 PM EDT

ATLANTA--(BUSINESS WIRE)-- Repay Holdings Corporation (NASDAQ: RPAY) (REPAY or the Company), a leading provider of vertically-integrated payment solutions, today reported financial results for its second quarter ended June 30, 2022.

In the second quarter, we experienced card payment volume and gross profit growth of 34% and 42%, respectively, compared to the second quarter of 2021, said John Morris, CEO of REPAY. We continue to see growth across many areas of our business, especially our B2B payments business where our supplier network has reached 135,000, and this growth is aided by strong secular tailwinds and the digitization of business... More