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Dec 31, 2021
Repay Q4 2021 Earnings Report
Reported strong growth in card payment volume, total revenue, and gross profit, while experiencing a net loss.
Key Takeaways
REPAY reported a 50% increase in total revenue, a 57% increase in gross profit, and a 58% increase in Adjusted EBITDA for Q4 2021. Despite the growth, the company experienced a net loss of $17.4 million.
Card payment volume increased by 43% to $5.6 billion.
Total revenue increased by 50% to $62.2 million.
Gross profit increased by 57% to $47.2 million.
Adjusted EBITDA increased by 58% to $27.8 million.
Repay
Repay
Forward Guidance
REPAY expects organic growth of approximately 20% in 2022, gradually increasing throughout the year with stronger growth in the second half.
Positive Outlook
- Card Payment Volume $27 - 28 billion
- Total Revenue $296 - 306 million
- Gross Profit $224 - 232 million
- Adjusted EBITDA $128 - 134 million
- Continued investment in sales, product and technology to further accelerate growth.
Challenges Ahead
- Assumes no further unforeseen COVID-related impacts, which could create substantial economic duress in 2022.
- Difficult to reliably predict or estimate the relevant components without unreasonable effort due to future uncertainties.
- Providing quantitative reconciliation of forward-looking, non-GAAP financial measures may imply a degree of precision that would be confusing or potentially misleading.
- Outlook assumes organic growth of approximately 20%, which we expect to gradually increase throughout 2022, with much stronger growth in the second half.
- REPAY does not provide quantitative reconciliation of forward-looking, non-GAAP financial measures, such as forecasted 2022 Adjusted EBITDA, to the most directly comparable GAAP financial measure