Repay Hldgs Corp Stock Price, News & Analysis

Repay Holdings Corporation (NASDAQ: RPAY) announced the launch of its Vendor Payments Automation solution for Sage 100. This integration allows businesses to pay vendors securely while cutting costs. It complements existing integrations with Sage X3 and Sage 300. The solution features payment group creation, vendor management, invoicing, automatic reconciliation, and custom reporting. According to SVP Darin Horrocks, this solution simplifies processes and enhances revenue and security for Sage users.

Repay Holdings Corporation (NASDAQ: RPAY) will participate in two upcoming virtual investor conferences. The first is on May 19, 2021, at the Barclays Emerging Payments and Fintech Forum, starting at 11:20am ET. The second is on June 3, 2021, at the William Blair 41st Annual Growth Stock Conference, beginning at 1:40pm ET. Both presentations will be webcast live on the Company's investor relations website, with archives available for 90 days.

REPAY offers integrated payment solutions tailored to specific transaction needs, simplifying electronic payments for merchants and improving consumer experiences.

Repay Holdings Corporation (NASDAQ: RPAY) reported a strong first quarter for 2021, with card payment volume rising 20% to $4.6 billion and total revenue increasing 20% to $47.5 million. Gross profit grew 22% to $35 million. However, the company faced a net loss of $18 million, compared to a $13.2 million loss a year prior. Adjusted EBITDA improved by 18% to $20.5 million. The company announced an acquisition of BillingTree for $503 million. For 2021, REPAY anticipates card payment volume between $19.9 billion and $20.4 billion and total revenue of $210 million to $220 million.

Repay Holdings Corporation (NASDAQ: RPAY) announced its acquisition of BillingTree for approximately $503 million. The deal will be financed with $275 million in cash and $228 million in newly issued shares. BillingTree is known for its omni-channel payment solutions in various industries, including Healthcare and Credit Unions. Expected to close by the end of Q2 2021, this acquisition aims to expand REPAY’s market position and enhance its product offering, ultimately targeting an estimated annual payment volume of over $700 billion across BillingTree's verticals.

Repay Holdings Corporation (NASDAQ: RPAY) will host a conference call on May 10, 2021, at 5:00 PM ET to discuss its first quarter 2021 financial results. The call will feature CEO John Morris and CFO Tim Murphy, with results released after market close on the same day. Investors can access the call live through the company’s investor relations website or by phone. A replay will be available shortly after the call and until May 17, 2021. REPAY specializes in integrated payment processing solutions aimed at simplifying transactions for merchants and enhancing consumer experiences.

Repay Holdings Corporation (NASDAQ: RPAY) announced a restatement of its consolidated financial statements due to new SEC guidance on the accounting of SPAC-related warrants. This change reclassifies warrants from equity to liabilities, resulting in a projected non-operating expense increase of $76 million for 2020. Despite these adjustments, the company expects no impact on its cash flow or non-GAAP operating metrics. The restatement affects historical financial statements related to the merger with Thunder Bridge Acquisition and will be reflected in future reports.

Repay Holdings Corporation (NASDAQ: RPAY) has joined the CDK Global Partner Program, enhancing its presence in the automotive sector. This partnership allows REPAY to integrate its digital payment solutions with CDK's extensive ecosystem, enabling automotive dealers to automate accounts payable processes. The integration, facilitated through REPAY's cPayPlus platform, aims to streamline vendor payments, reducing inefficiencies in traditional invoicing and payment methods. This strategic move is expected to improve the operational efficiency and profitability of dealers nationwide.

Repay Holdings Corporation (NASDAQ: RPAY) reported strong financial results for Q4 and FY 2020, with card payment volume increasing by 16% to $4.0 billion in Q4 and by 42% to $15.2 billion for the full year. Total revenue soared 23% in Q4 to $41.4 million and 48% for the year to $155.0 million. Gross profit also rose, showing 23% growth in Q4 and 44% for the full year. Despite a net loss, the company anticipates continued growth in 2021, expecting revenue between $178 and $188 million. REPAY completed three acquisitions in 2020, enhancing its B2B capabilities.