Business
REPAY Reports Second Quarter 2023 Financial Results
Q2 2023 Gross Profit Growth of 8% and Organic Gross Profit Growth of 12% Year-over-Year Raising Full Year 2023 Revenue and Gross Profit Outlook
About this update from Repay Holdings Corporation
[{"type":"text","content":"\nQ2 2023 Gross Profit Growth of 8% and Organic Gross Profit Growth of 12% Year-over-Year\nRaising Full Year 2023 Revenue and Gross Profit Outlook\n\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 second quarter ended June 30, 2023.\n\n\nSecond Quarter 2023 Financial Highlights\n\n\n\n\n(in $ millions)\n\n\n\n\n\n\n \n\n\n\n\n\n\nQ2 2022\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nQ3 2022\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nQ4 2022\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nQ1 2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nQ2 2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nYoY\nChange\n\n\n\n\n\n\n\n\nCard payment volume\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n6,196.3\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n6,416.8\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n6,611.8\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n6,581.4\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n6,253.7\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n1%\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\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\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\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\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n74.5\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n71.8\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n6%\n\n\n\n\n\n\n\n\nGross profit (1)\n\n\n\n\n\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\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\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\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n56.6\n\n\n\n\n\n\n \n\n\n\n\n\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\n\n\n\n\n\n8%\n\n\n\n\n\n\n\n\nNet income (loss)\n\n\n\n\n\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\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\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\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(27.9\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(5.3\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n-\n\n\n\n\n\n\n\n\nAdjusted EBITDA (2)\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n27.6...