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Sep 30, 2023
Repay Q3 2023 Earnings Report
REPAY's Q3 2023 financial results were reported, showcasing solid performance with normalized organic revenue and gross profit growth.
Key Takeaways
REPAY reported a 4% increase in revenue, reaching $74.3 million, and a 3% increase in gross profit. The company saw stable trends from clients and prioritized go-to-market strategies and payment technology innovation.
Achieved 12% year-over-year normalized organic gross profit growth.
Consumer Payments organic gross profit grew by approximately 14% year-over-year.
Business Payments normalized organic gross profit grew by approximately 13% year-over-year.
Increased instant funding transaction volumes by approximately 50% year-over-year.
Revenue by Segment
Forward Guidance
REPAY raised the midpoint of its 2023 revenue outlook, expecting adjusted free cash flow conversion to accelerate into 2024.
Positive Outlook
- Card Payment Volume $26.0 - 27.2 billion
- Revenue $286 - 292 million
- Gross Profit $218 - 228 million
- Adjusted EBITDA $122 - 130 million
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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