Business
REPAY Reports Fourth Quarter and Full Year 2022 Financial Results
Q4 2022 Gross Profit Growth of 22% Year-over-Year with Strong Margins Provides 2023 Outlook for Continued Solid Organic Gross Profit Growth New Segment
About this update from Repay Holdings Corporation
[{"type":"text","content":"\nQ4 2022 Gross Profit Growth of 22% Year-over-Year with Strong Margins\n\nProvides 2023 Outlook for Continued Solid Organic Gross Profit Growth\n\nNew Segment Disclosure of Consumer Payments and Business Payments\n\n ATLANTA--(BUSINESS WIRE)--\nRepay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”), a leading provider of vertically-integrated payment solutions, today reported financial results for its fourth quarter and full year ended December 31, 2022.\n\nFourth Quarter 2022 Financial Highlights\n\n\n\n($ in millions)\n\n\n\n \n\n\n\nQ4 2021\n\n\n\n \n\n\n\n \n\n\n\nQ1 2022\n\n\n\n \n\n\n\n \n\n\n\nQ2 2022\n\n\n\n \n\n\n\n \n\n\n\nQ3 2022\n\n\n\n \n\n\n\n \n\n\n\nQ4 2022\n\n\n\n \n\n\n\n \n\n\n\nYoY\nChange\n\n\n\n\n\nCard payment volume\n\n\n\n \n\n\n\n$\n\n\n\n5,643.1\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n6,414.0\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n6,196.3\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n6,416.8\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n6,611.8\n\n\n\n \n\n\n\n \n\n\n\n17\n\n\n\n%\n\n\n\n\n\nRevenue\n\n\n\n \n\n\n\n \n\n\n\n62.2\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n67.6\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n67.4\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n71.6\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n72.7\n\n\n\n \n\n\n\n \n\n\n\n17\n\n\n\n%\n\n\n\n\n\nGross profit (1)\n\n\n\n \n\n\n\n \n\n\n\n47.2\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n51.0\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n50.7\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n54.9\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n57.8\n\n\n\n \n\n\n\n \n\n\n\n22\n\n\n\n%\n\n\n\n\n\nNet (loss) income\n\n\n\n \n\n\n\n \n\n\n\n(17.4\n\n\n\n)\n\n\n\n \n\n\n\n \n\n\n\n12.9\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n(1.4\n\n\n\n)\n\n\n\n \n\n\n\n \n\n\n\n5.4\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n(8.2\n\n\n\n)\n\n\n\n \n\n\n\n53\n\n\n\n%\n\n\n\n\n\nAdjusted EBITDA (2)\n\n\n\n \n\n\n\n \n\n\n\n27.8\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n29.3\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n27.6\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n31.7\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n36.0\n\n\n\n \n\n\n\n \n\n\n\n29\n\n\n\n%\n\n\n\n\n\nAdjusted Net Income (2)\n\n\n\n \n\n\n\n \n\n\n\n27.2\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n18.6\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n16.6\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n22.8\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n21.8\n\n\n\n \n\n\n\n \n\n\n\n(20\n\n\n\n%)\n\n\n\n\n\n(1)\n\n\nGross profit represents revenue less costs of services.\n\n\n\n\n(2)\n\n\nAdjusted EBITD...