Repay Q1 2020 Earnings Report
Key Takeaways
REPAY reported a 71% increase in total revenue to $39.5 million and a 60% increase in gross profit. The company experienced increased demand for its offerings, reflecting the acceleration of electronic payment options by customers.
Card payment volume increased by 58% over the first quarter of 2019.
Total revenue increased by 71% over the first quarter of 2019.
Gross profit increased by 60% over the first quarter of 2019.
Adjusted EBITDA increased by 53% over the first quarter of 2019.
Repay
Repay
Forward Guidance
Due to the uncertainties associated with the COVID-19 pandemic, the Company is replacing its 2020 guidance with illustrative scenarios that make assumptions on the macroeconomic and market-specific drivers that may impact its business over the remainder of the year.