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Sep 30, 2022
Paymentus Q3 2022 Earnings Report
Paymentus's financial performance for Q3 2022 was reported, demonstrating growth in transactions, revenue, and gross profit.
Key Takeaways
Paymentus reported strong third-quarter results with a 30.6% increase in transactions, a 26.0% increase in revenue, and a 21.5% increase in gross profit compared to the third quarter of 2021. The company focused on expanding adjusted EBITDA margin and is pleased with the progress.
Processed 92.2 million transactions, a 30.6% increase year-over-year.
Revenue reached $128.2 million, up 26.0% compared to the prior year.
Gross profit increased to $37.9 million, a 21.5% increase year-over-year.
Net loss was $737 thousand, with a GAAP loss per share of $0.01, while non-GAAP net income was $1.8 million, with non-GAAP earnings per share of $0.01.
Paymentus
Paymentus
Forward Guidance
Paymentus expects revenue for the full year 2022 to be between $485 million and $492 million, representing approximately 25% to 27% growth year-over-year. Contribution profit is anticipated to be between $200 million and $204 million, with adjusted EBITDA expected to be between $25 million and $28.5 million.
Positive Outlook
- Anticipates full-year revenue growth of approximately 25% to 27% year-over-year.
- Projects contribution profit between $200 million and $204 million.
- Expects adjusted EBITDA to range from $25 million to $28.5 million.
- Estimates gross profit to be approximately 72% of contribution profit.
- Forecasts adjusted EBITDA margin of approximately 13% to 14%.