REPAY Reports Third Quarter 2022 Financial Results

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[{"type":"text","content":"\nQ3 2022 Gross Profit Growth of 20% Year-over-Year with Continued Solid Margins\n\nReaffirms Full Year 2022 Guidance\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 third quarter ended September 30, 2022.\n\nThird Quarter 2022 Financial Highlights\n\n\n\n(in $ millions)\n\n\n\n \n\n\n\nQ3 2021\n\n\n\n \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\nYoY\nChange\n\n\n\n \n\n\n\n\n\nCard payment volume\n\n\n\n \n\n\n\n$\n\n\n\n5,574.7\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n5,643.1\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n6,404.6\n\n\n\n \n\n\n\n \n\n\n\n$\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\n15\n\n\n\n%\n\n\n\n\n\nRevenue\n\n\n\n \n\n\n\n \n\n\n\n61.1\n\n\n\n \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\n17\n\n\n\n%\n\n\n\n\n\nGross profit (1)\n\n\n\n \n\n\n\n \n\n\n\n45.8\n\n\n\n \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\n20\n\n\n\n%\n\n\n\n\n\nNet (loss) income\n\n\n\n \n\n\n\n \n\n\n\n(7.3\n\n\n\n)\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—\n\n\n\n \n\n\n\n\n\nAdjusted EBITDA (2)\n\n\n\n \n\n\n\n \n\n\n\n24.5\n\n\n\n \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\n30\n\n\n\n%\n\n\n\n\n\nAdjusted Net Income (2)\n\n\n\n \n\n\n\n \n\n\n\n17.1\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n27.0\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n18.4\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n16.1\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\n33\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 EBITDA and Adjusted Net Income are non-GAAP financial me...

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