Press release
Priority Technology Holdings, Inc. to Participate in the 33rd Annual Roth Conference on March 15, 2021
In Advance of the Scheduled Release of Financial Results on March 16, 2021, Unaudited 2020 Financial Results and 2021 Financial Guidance are Being Disclosed
About this update from Priority Technology Holdings, Inc.
[{"type":"text","content":"In Advance of the Scheduled Release of Financial Results on March 16, 2021, Unaudited 2020 Financial Results and 2021 Financial Guidance are Being Disclosed\n\n\nALPHARETTA, Ga., March 10, 2021 /PRNewswire/ -- 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 that it is participating in the 33rd Annual Roth Conference on March 15, 2021. Priority's Chairman and Chief Executive Officer Tom Priore and other company representatives will participate in one-on-one meetings with investors and analysts during the conference. To schedule a one-on-one meeting with Priority, please contact your Roth representative. A copy of the investor presentation will be available on our website on March 15, 2021. In these meetings, the Company may be discussing the following unaudited fourth quarter and full year 2020 financial results and financial guidance for 2021. \nFourth Quarter 2020 Unaudited ResultsFinancial highlights of the fourth quarter of 2020 compared with the fourth quarter of 2019, are as follows:\nRevenue of $106.1 million increased 8.1% from $98.2 million. Adjusted EBITDA (a non-GAAP measure1) of $18.2 million increased 12.7% from $16.2 million.The fourth quarter of 2019 includes the results of the RentPayment business sold to MRI Software (\"MRI\") in September 2020. The fourth quarter of 2020 results compared with the fourth quarter of 2019, excluding the RentPayment business, are as follows:\nRevenue increased 12.3% from $94.5 million. Adjusted EBITDA (a non-GAAP measure1) increased 35.2% from $13.6 million.Full Year 2020 Unaudited ResultsFinancial highlights of the full year 2020 compared with the full year 2019, are as follows:\nRevenue of $404.3 million increased 8.7% from $371.9 million. Adjusted EBITDA (a non-GAAP measure1) of $70.3 million increased 19.4% from $58.9 million.The consolidated results include the results of the RentPayment business from March 1, 2019 through September 22, 2020. The results for full year 2020 compared with the results for full year 2019, excluding the RentPayment business, are as follows:\nRevenue of $392.3 million increased 8.9% from $360.2 million. Adjusted EBITDA (a non-GAAP measure1) of $62.1 million increased 25.0% from $49.7 million.Full...