Paymentus Q1 2022 Earnings Report
Key Takeaways
Paymentus reported a strong first quarter in 2022, marked by a 41% increase in transactions, a 27% increase in revenue, and a 27% increase in gross profit compared to the same period last year. The company signed about 50% growth in new clients and achieved its third consecutive quarter of contribution profit growth above 30%.
Transactions processed increased by 40.9% year-over-year, reaching 87.9 million.
Revenue grew by 26.5% year-over-year, totaling $116.7 million.
Gross profit increased to $34.9 million, up from $27.5 million in the first quarter of 2021.
Net income was reported at $1.7 million, with GAAP income per share at $0.01.
Paymentus
Paymentus
Forward Guidance
Paymentus expects revenue for the full year 2022 to be between $492 million and $497 million, representing approximately 24.5% to 26% growth year-over-year. Contribution profit is anticipated to be between $206 million and $208 million, or 30% and 31% growth year-over-year. Adjusted EBITDA is expected to be between $30 million and $33 million, resulting in an expected adjusted EBITDA margin of approximately 14.5% to 16%.