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Sep 30, 2023
Paymentus Q3 2023 Earnings Report
Paymentus reported strong third-quarter results, marked by revenue growth, contribution profit, and adjusted EBITDA increases.
Key Takeaways
Paymentus reported exceptional Q3 results with revenue increasing by 18.9%, contribution profit by 20.3%, and adjusted EBITDA rising by 93.9% year-over-year, driven by strong demand and competitive differentiation.
Revenue was $152.4 million, an increase of 18.9% year-over-year.
Gross profit was $46.9 million, an increase of 23.9% year-over-year.
Net income was $6.4 million, with GAAP earnings per share at $0.05.
The company processed 115.4 million transactions, a 25.2% increase from the third quarter of 2022.
Paymentus
Paymentus
Forward Guidance
Paymentus provided financial guidance for the fourth quarter and full fiscal year 2023.
Positive Outlook
- Revenue is expected to be between $155 million and $159 million for Q4 2023.
- Revenue is projected to be between $604.5 million and $608.5 million for the full year 2023.
- Contribution Profit is anticipated to be between $60.5 million and $62.5 million for Q4 2023.
- Contribution Profit is expected to be between $235 million and $237 million for the full year 2023.
- Adjusted EBITDA is forecasted to be between $12 million and $14 million for Q4 2023.
Challenges Ahead
- Adjusted EBITDA is projected to be between $50 million and $52 million for the full year 2023.
- Guidance for non-GAAP measures is not reconciled due to the unavailability of certain financial information.
- Variables outside of Paymentus' control, such as changes in payment mix, can influence contribution profit.
- Future period non-GAAP guidance includes adjustments for items not indicative of core operations.
- The exact amount of adjustments for non-GAAP measures is not currently determinable but may be significant.