Repay Q4 2020 Earnings Report
Key Takeaways
REPAY reported a strong Q4 2020 with a 23% increase in total revenue and a 29% increase in Adjusted EBITDA compared to the same quarter in the previous year. The company's card payment volume also increased by 16%.
Card payment volume increased by 16% over Q4 2019, reaching $4.0 billion.
Total revenue increased by 23% over Q4 2019, amounting to $41.4 million.
Gross profit increased by 23% over Q4 2019, totaling $30.0 million.
Adjusted EBITDA increased by 29% over Q4 2019, reaching $19.0 million.
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Forward Guidance
REPAY expects to see substantial economic duress in 2021. REPAY expects the following financial results for full year 2021. Card Payment Volume $17.5 - 18.0 billion Total Revenue $178 - 188 million Gross Profit $134 - 140 million Adjusted EBITDA $75 - 80 million