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Mar 31, 2024
Repay Q1 2024 Earnings Report
Reported a strong start to the year with gross profit growth and expanding margins.
Key Takeaways
REPAY reported a solid first quarter with an 8% increase in revenue and a 9% increase in gross profit. The company is reiterating its 2024 outlook, expecting an acceleration in free cash flow conversion.
Achieved 11% year-over-year organic gross profit growth.
Experienced approximately 11% year-over-year organic gross profit growth in Consumer Payments.
Experienced approximately 17% year-over-year organic gross profit growth in Business Payments.
Expanded AP supplier network by approximately 60% year-over-year, reaching over 279,000.
Revenue by Segment
Forward Guidance
REPAY reaffirms its full year 2024 outlook, expecting Adjusted EBITDA to grow faster than gross profit and an acceleration of free cash flow conversion.
Positive Outlook
- Revenue: $314 - 320 million
- Gross Profit: $245 - 250 million
- Adjusted EBITDA: $139 - 142 million
- Free Cash Flow Conversion: ~60%
- Reducing overall capex spending
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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