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Priority Technology Holdings Inc (PRTH) delivers innovative payment processing solutions and AP automation platforms for businesses across multiple sectors. This news hub provides investors and industry professionals with timely updates on corporate developments, strategic partnerships, and technological advancements in merchant acquiring services.
Access official press releases and curated news coverage spanning earnings reports, product launches, and market expansion initiatives. Our repository simplifies tracking PRTH's progress in commercial payments, SMB solutions, and enterprise-level financial automation technologies.
Discover updates across key operational areas including MX suite enhancements, CPX platform capabilities, and embedded treasury solutions. The collection serves as a strategic resource for understanding the company's role in shaping payment ecosystems through secure transaction processing and workflow optimization.
Bookmark this page for streamlined access to Priority Technology's latest announcements. Regularly updated content helps stakeholders monitor the company's performance in financial technology innovation and competitive positioning within payment processing markets.
Priority Technology Holdings (NASDAQ: PRTH) is set to unveil its innovative MX POS solutions at the ETA Transact 2023 event in Atlanta, taking place from April 24-26. The MX POS is a cloud-based, customizable solution designed for businesses, offering enhanced cash flow, analytics, and operational support. It integrates with leading delivery services like DoorDash and Uber Eats, as well as accounting tools like QuickBooks. The system targets restaurants, retail, and various merchants, aiming to streamline payment processes and boost average sales. Priority's CEO, Thomas Priore, emphasized the importance of supporting small to medium-sized businesses in the current economic landscape. Attendees can experience a demo at booth #1725 or request information online.
Priority Technology Holdings, Inc. (NASDAQ: PRTH) reported strong financial results for Q4 and full year 2022, highlighting a 23.3% year-over-year revenue increase to $177.6 million, and a 25.3% rise in adjusted gross profit to $61.0 million. For the full year, revenue reached $663.6 million, a 28.9% increase, with adjusted gross profit rising by 46.4% to $226.9 million. The adjusted gross profit margin improved to 34.2%. The company forecasts 2023 revenue between $740 million and $755 million, reflecting 12% to 14% growth, and adjusted EBITDA between $160 million and $165 million, indicating a 14% to 18% growth rate. CEO Tom Priore emphasized the company's resilience in challenging economic conditions.
Priority Technology Holdings, Inc. (NASDAQ: PRTH) will release its fourth quarter and full-year 2022 financial results before the market opens on March 23, 2023. Following the announcement, the Company will host a conference call and webcast at 11:00 a.m. Eastern Time to discuss the results, which will include a question-and-answer session. An audio replay will be available until March 30, 2023. Priority is a payments technology company offering solutions that enable clients to manage payments and banking effectively, leveraging a purpose-built platform for integrated commerce.
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