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Mar 31, 2022
Repay Q1 2022 Earnings Report
Reported strong growth across all verticals, leading to significant increases in card payment volume and gross profit.
Key Takeaways
REPAY reported a strong start to 2022, with growth across all verticals resulting in a 39% increase in card payment volume and a 46% increase in gross profit compared to Q1 2021. The company is focused on growth initiatives, including expanding its AP supplier network and commercializing AR/AP unified capabilities.
Card payment volume increased by 39% compared to Q1 2021, reaching $6.4 billion.
Total revenue grew by 42% compared to Q1 2021, reaching $67.6 million.
Gross profit increased by 46% compared to Q1 2021, reaching $51.0 million.
Adjusted EBITDA increased by 43% compared to Q1 2021, reaching $29.3 million.
Forward Guidance
REPAY reiterates its previously provided guidance for full year 2022.
Positive Outlook
- Card Payment Volume $27 - 28 billion
- Total Revenue $296 - 306 million
- Gross Profit $224 - 232 million
- Adjusted EBITDA $128 - 134 million
Challenges Ahead
- This range assumes no further unforeseen COVID-related impacts, which could create substantial economic duress in the remainder of 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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