Welcome to our dedicated page for Repay Holdings news (Ticker: RPAY), a resource for investors and traders seeking the latest updates and insights on Repay Holdings stock.
Repay Holdings Corporation provides integrated payment processing solutions for vertical markets with specialized transaction needs. The company’s proprietary platform supports electronic payment channels such as mobile app, text, interactive voice response, virtual terminal, hosted payment page and online customer portal, with activity reported across Consumer Payments and Business Payments.
REPAY news commonly covers quarterly results, adjusted EBITDA and free cash flow metrics, segment trends, enterprise client implementations, Digital Wallet capabilities and payment-channel adoption. Corporate updates also include governance matters such as stockholder rights, board responses to unsolicited proposals, executive leadership changes and capital-structure actions tied to its Class A common stock.
Repay Holdings Corporation (NASDAQ: RPAY) reported strong Q4 2022 performance with a 22% gross profit growth and 17% revenue increase, achieving $72.7 million in revenue. Card payment volume reached $6.6 billion, up 17% year-over-year. The company highlights the success of its new segments: Consumer Payments and Business Payments, projecting continued growth in 2023. REPAY anticipates double-digit organic gross profit growth and adjusted EBITDA in the range of $122 to $130 million. Strategic investments in sales, marketing, and technology are expected to enhance long-term growth.
PDI Technologies has acquired Blue Cow Software, a fuel oil and propane management software company, enhancing its offerings in the convenience retail and petroleum wholesale sectors. Based in Middleton, Massachusetts, Blue Cow Software serves approximately 375 customers across North America and provides solutions for fuel ordering, delivery optimization, and customer relationship management. This acquisition aligns with PDI's growth strategy, allowing for expanded service to its existing home heat customers.
PDI plans to invest in Blue Cow Software's technologies to drive innovation in the market.
Repay Holdings Corporation (NASDAQ: RPAY) announced the divestiture of Blue Cow Software, LLC to PDI Technologies, Inc., enhancing its focus on B2B and consumer payments. This transaction aims to improve financial flexibility, support organic growth, and reduce net leverage, targeting below 3.0x. CEO John Morris emphasized that the proceeds will enable REPAY to pursue strategic mergers and acquisitions. REPAY reaffirms its FY 2022 financial guidance and will provide 2023 projections in the upcoming fourth quarter report.
Repay Holdings Corporation (NASDAQ: RPAY) announced it will host a conference call on March 1, 2023, at 5:00 PM ET to discuss its fourth quarter and full year 2022 financial results. A press release with the financial results will be issued after market close on the same day. Investors can access the call via the Company's investor relations website or by phone. A replay will be available two hours post-call until March 8, 2023. REPAY specializes in vertically-integrated payment solutions, simplifying electronic payments for clients and enhancing experiences for consumers and businesses.
Repay Holdings Corporation (NASDAQ: RPAY) has announced a collaboration with HelloGM to provide integrated accounts payable solutions for the hospitality sector. This partnership enables hospitality operators to streamline vendor payments across multiple properties, reducing reliance on manual check processing and associated fraud risks. The integration features enhanced payment automation through HelloGM's new Accounts Payable option, which aims to optimize operational efficiency and save resources. HelloGM's analytics platform processes substantial transaction data, further emphasizing the strategic value of this alliance for both companies.
Repay Holdings Corporation (NASDAQ: RPAY) has partnered with Shepherd Center, a not-for-profit hospital in Atlanta, to implement its accounts payable automation and vendor payment solution. The collaboration aims to enhance operational efficiency, simplify vendor payments, and save time through a robust payments platform. Shepherd Center anticipates earning rebates via virtual card payments and improving the AP teams' experience. This partnership is expected to enable Shepherd Center to focus more on patient care while streamlining payment processes.
Repay Holdings Corporation (NASDAQ: RPAY) reported strong Q3 2022 results with a 20% year-over-year growth in gross profit at $54.9 million and revenue up 17% to $71.6 million. The company achieved a net income of $5.4 million, a significant turnaround from a net loss in the previous year. Card payment volume rose 15% year-over-year to $6.42 billion. REPAY reaffirms its full-year 2022 guidance, projecting revenues between $268 million and $286 million and gross profit of $204 million to $216 million. CEO John Morris highlighted ongoing trends towards digital payments as key growth drivers.
Repay Holdings Corporation (NASDAQ: RPAY) will participate in three upcoming investor conferences. On November 15, 2022, CEO John Morris and CFO Tim Murphy will engage in a fireside chat at the Citi 2022 Global FinTech Conference in New York, beginning at 1:15pm ET. The following day, they will speak at the Stephens Annual Investment Conference in Nashville at 3:00pm CT (4:00pm ET). Finally, on November 30, they will join the Credit Suisse 26th Annual Technology Conference in Scottsdale at 1:00pm MT (3:00pm ET). Webcasts of the discussions will be available on the Company's investor relations website.
Repay Holdings Corporation (NASDAQ: RPAY) will host a conference call on November 9, 2022, at 5:00 PM ET, to discuss its third-quarter 2022 financial results. The call will feature CEO John Morris and CFO Tim Murphy. A press release detailing the financial results will be issued after the market closes on the same day. Investors can access the call via the company's investor relations website or by phone. A replay will be available shortly after the call.
Repay Holdings Corporation (NASDAQ: RPAY) has entered an exclusive partnership with SpendMend to serve as its accounts payable solution provider for healthcare clients. This collaboration aims to enhance operational efficiency by automating accounts payable disbursements, reducing reliance on paper processes, and increasing financial control and transparency. The partnership is focused on delivering advanced payment solutions that streamline payment processes while improving cost efficiency for hospitals.