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Sep 30, 2021
Repay Q3 2021 Earnings Report
Reported strong growth in card payment volume and gross profit, driven by organic growth and key partnerships.
Key Takeaways
REPAY reported a 62% increase in total revenue and a 69% increase in gross profit for the third quarter of 2021. The company experienced significant growth in card payment volume and adjusted EBITDA, driven by organic growth and key partnerships, particularly in the B2B business.
Card payment volume increased by 48% compared to the third quarter of 2020, reaching $5.6 billion.
Total revenue grew by 62% compared to the third quarter of 2020, totaling $61.1 million.
Gross profit increased by 69% compared to the third quarter of 2020, reaching $45.8 million.
Adjusted EBITDA increased by 73% compared to the third quarter of 2020, totaling $27.0 million.
Forward Guidance
REPAY expects card payment volume between $20.3 and $20.8 billion, total revenue between $216 and $222 million, gross profit between $161 and $166 million, and adjusted EBITDA between $93 and $96 million for the full year 2021.
Positive Outlook
- Card Payment Volume: $20.3 - 20.8 billion
- Total Revenue: $216 - 222 million
- Gross Profit: $161 - 166 million
- Adjusted EBITDA: $93 - 96 million
- Guidance assumes no further unforeseen COVID-related impacts
Challenges Ahead
- Unforeseen COVID-related impacts could create substantial economic duress
- Difficult to reliably predict or estimate relevant components without unreasonable effort
- Future uncertainties may potentially have significant impact on calculations
- Providing them may imply a degree of precision that would be confusing or potentially misleading
Historical Earnings Impact
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Avg. Return Before/After Earnings
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