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Dec 31, 2019
Repay Q4 2019 Earnings Report
Repay's financial performance significantly improved in Q4 2019, driven by strategic acquisitions and organic growth.
Key Takeaways
Repay reported a strong Q4 2019, with a 72% increase in card payment volume and a 67% increase in gross profit. The company's strategic acquisitions and organic growth contributed to the positive results.
Card payment volume increased by 72% compared to Q4 2018, reaching $3.4 billion.
Total revenue, excluding the impact of the new revenue recognition standard, grew by 45% to $49.3 million.
Gross profit rose by 67% compared to Q4 2018, amounting to $24.3 million.
Adjusted EBITDA increased by 52% over the fourth quarter of 2018, reaching $14.7 million.
Forward Guidance
REPAY expects continued growth in 2020, driven by recent acquisitions and expansion into new markets.
Positive Outlook
- Card Payment Volume $15.5 – 16.0 billion
- Total Revenue $155.0 – 165.0 million
- Gross Profit $115.0 – 120.0 million
- Adjusted EBITDA $66.0 – 70.0 million
- Acquisition of Ventanex
Challenges Ahead
- Delay or failure to integrate and realize the benefits of the TriSource acquisition
- Delay or failure to integrate and realize the benefits of the APS Payments acquisition
- Delay or failure to integrate and realize the benefits of the Ventanex acquisition
- Changes in the payment processing market in which REPAY competes
- Impacts of the recent COVID-19 coronavirus outbreak
Historical Earnings Impact
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Avg. Return Before/After Earnings
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