REPAY Reports Second Quarter 2024 Financial Results

About this update from Repay Holdings Corporation

[{"type":"text","content":"\nGross Profit Growth of 7% in Q2 and 8% YTD (9% YTD on an organic basis1)\n\n\nFaster Pace of Adjusted EBITDA Growth with Expanding Margins\n\n\nReiterates 2024 Outlook, Including an Acceleration in Free Cash Flow Conversion During 2024\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, 2024.\n\n\nSecond Quarter 2024 Financial Highlights\n\n\n\n\n(in $ millions)\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\nQ3 2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nQ4 2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nQ1 2024\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nQ2 2024\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\nRevenue\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n71.8\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n74.3\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n76.0\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n80.7\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\n74.9\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n4\n\n\n\n\n\n\n%\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\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\n56.7\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\n58.7\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\n61.5\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\n58.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n7\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nNet loss\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(6.5\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\n(77.7\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\n(5.4\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(4.2\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n21\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\n30.5\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\n31.9\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\n33.5\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\n35.5\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\n33.7\n\n\n\n\n\n\n \n\n...

More updates from Repay Holdings Corporation