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Jun 30, 2024
Repay Q2 2024 Earnings Report
Reported a 4% increase in revenue and a 7% increase in gross profit, driven by growth in both Consumer Payments and Business Payments segments.
Key Takeaways
REPAY reported a 4% increase in revenue and a 10% increase in Adjusted EBITDA for Q2 2024. The company is reaffirming its 2024 outlook, expecting an acceleration in Free Cash Flow Conversion.
Gross profit grew by 7% year-over-year.
Consumer Payments gross profit increased by approximately 7% year-over-year.
Business Payments gross profit increased by approximately 11% year-over-year.
Instant funding volumes increased by approximately 21% year-over-year.
Revenue by Segment
Forward Guidance
REPAY reiterates its previously provided outlook for full year 2024.
Positive Outlook
- Revenue $314 - 320 million
- Gross Profit $245 - 250 million
- Adjusted EBITDA $139 - 142 million
- Free Cash Flow Conversion ~ 60%
- Focus on profitable growth and 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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