Priority Technology Hldgs Inc Stock Price, News & Analysis

Priority Technology Holdings (NASDAQ: PRTH) has scheduled its first quarter 2025 financial results announcement for Tuesday, May 6, 2025, before markets open. The company will host a conference call and webcast at 11:00 AM ET on the same day, featuring a question-and-answer session.

Participants can join via phone (US/Canada: 877-407-0752, International: 201-389-0912) or access the webcast through the company's investor relations website. An audio replay will be available until May 20, 2025, accessible by dialing 844-512-2921 (US) or 412-317-6671 with access ID 13753537.

Ideon has announced a strategic partnership with Ambient, the ICHRA payments and administration unit of Priority Technology Holdings (PRTH), to enhance Individual Coverage Health Reimbursement Arrangement (ICHRA) solutions. The collaboration integrates Ideon's enrollment technology with Ambient's payment and administration capabilities.

The partnership addresses key challenges in the rapidly expanding ICHRA market by providing automated solutions for managing enrollment and payment data. IdeonEnroll for ICHRA extends the company's group benefit enrollment automation to the individual market, reducing integration costs and processing time while improving visibility into enrollments.

The comprehensive solution combines IdeonQuote, IdeonSelect, and IdeonEnroll with Ambient's payment system, enabling carriers and platforms to efficiently enter the ICHRA market with pre-built integrations and accurate data processing.

Priority Technology Holdings (PRTH) has received a credit rating upgrade from Moody's Ratings, moving up to B1 from B2. The upgrade reflects Priority's strong revenue growth, improved capital structure with lower costs, and enhanced cash flow generation capabilities.

According to Moody's assessment, the company is expected to continue deleveraging through earnings growth and debt reduction. Priority's CFO Tim O'Leary expressed satisfaction with the recognition of their financial performance and successful balance sheet improvements in fiscal 2024.

Priority Technology Holdings (NASDAQ: PRTH) has announced the launch of its Ambient business for Individual Coverage Health Reimbursement Arrangement (ICHRA) plan payments and administration. The platform is designed to help insurance brokers and third-party administrators build high-margin ICHRA businesses while enabling employers to manage health benefit plans efficiently.

ICHRAs are employer-funded health benefits that allow tax-free reimbursement for individual health insurance premiums and qualified medical expenses. According to Jim Mrowka, Ambient's COO, ICHRAs are experiencing rapid growth in the U.S., with 83% of new ICHRA adopters being businesses that previously offered no health insurance.

The Ambient platform facilitates:

• Easy ICHRA plan establishment
• Customized plan document generation
• Election and substantiation management
• Streamlined payment administration

Priority Technology Holdings (NASDAQ: PRTH) has reported strong financial results for Q4 and full year 2024. Q4 revenue increased 13.9% to $227.1 million, with operating income up 54.9% to $34.1 million. Adjusted EBITDA grew 16% to $51.7 million, while Adjusted EPS surged 800% to $0.18.

Full-year 2024 performance showed revenue growth of 16.4% to $879.7 million, operating income up 63.7% to $133.4 million, and Adjusted EBITDA increasing 21.3% to $204.3 million. The company made a $10 million voluntary prepayment on its term loan in February 2025.

Looking ahead, 2025 guidance projects revenue between $965 million to $1 billion (10-14% growth), Adjusted gross profit of $360-385 million (10-17% growth), and Adjusted EBITDA of $220-230 million (8-13% growth).

Priority Technology Holdings (NASDAQ: PRTH) announced the planned retirement of co-founder John V. Priore from the board of directors, effective April 1, 2025. Simultaneously, Clayton Main has been appointed to join the board on the same date.

John Priore, who helped establish Priority in 2005, will step down after contributing to the company's evolution from a startup to a public company. Clayton Main, bringing over 20 years of experience in leveraged financing and structured equity investments, will serve on the board's audit, compensation, and nominating and governance committees.

Main's background includes roles as partner and Investment Committee member at Bregal Sagemount and founding member of the Goldman Sachs Specialty Lending Group. He was also one of Priority's initial lenders and graduated magna cum laude from Southern Methodist University.

Priority Technology Holdings (NASDAQ: PRTH) has scheduled the release of its fourth quarter and full-year 2024 financial results for Thursday, March 6, 2025, before market open. The company will host a conference call and webcast at 11:00 a.m. Eastern Time on the same day, including a Q&A session.

Participants can join via phone using US/Canada number (833) 636-1319 or International number (412) 902-4286. The webcast and presentation slides will be accessible through the company's website. An audio replay will be available until March 13, 2025, accessible by dialing (877) 344-7529 or (412) 317-0088 with conference ID 2813602.

Priority Technology Holdings (NASDAQ: PRTH) has announced the acquisition of Rollfi, a company providing white-label payroll and benefits software solutions. The acquisition combines Priority's financial infrastructure with Rollfi's payroll and benefits technology, aimed at enabling financial service providers like banks, accountants, and vertical SaaS providers to integrate payroll and benefits services into their offerings.

The strategic move is designed to enhance Priority's ability to help customers optimize working capital and accelerate cashflow. Rollfi's founder, Kirubha Perumalsamy, emphasized that the merger will leverage Priority's embedded fintech infrastructure to expand their mission of delivering seamless payroll and benefits solutions.

Priority Technology Holdings (NASDAQ: PRTH) has announced the pricing of a secondary offering of 9,070,643 shares of common stock at $7.75 per share. The offering is being conducted by certain selling stockholders who have granted underwriters a 30-day option to purchase up to 1,360,596 additional shares at the public offering price.

The transaction is expected to close on January 17, 2025, with all net proceeds going to the selling stockholders. Priority will not receive any proceeds from this offering. The offering is led by joint book-running managers Keefe, Bruyette & Woods and TD Cowen, with B. Riley Securities as book-running manager and A.G.P./Alliance Global Partners and Lake Street as co-managers.