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.
Corvia has announced a new partnership with Repay Holdings Corporation (NASDAQ: RPAY) as its payment processing partner. This collaboration aims to enhance merchant and partner servicing, crucial for Corvia's growth in traditional retail and specialty e-commerce segments. REPAY will provide customizable clearing and settlement solutions, allowing Corvia to optimize the payment experience for its customers. The executives express optimism about the potential of this long-term partnership to scale operations and improve service offerings.
Repay Holdings Corporation (NASDAQ: RPAY) has announced a share repurchase program, authorizing the buyback of up to $50 million of its Class A common stock. CFO Tim Murphy emphasized that this initiative reflects the Board's confidence in the company's valuation and its commitment to enhancing shareholder value. The repurchases will be at management's discretion, taking into account market conditions. The company aims to balance this program with its growth strategies, ensuring that it doesn't impede future expansion opportunities.
Repay Holdings Corporation (NASDAQ: RPAY) announced its participation in two upcoming investor conferences. On May 16, 2022, CEO John Morris and CFO Tim Murphy will engage in a fireside chat at the Barclays Emerging Payments & Fintech Forum at 12:40 PM ET. Subsequently, on June 7, 2022, they will participate in a fireside chat at the William Blair Growth Stock Conference in Chicago, IL, starting at 4:40 PM CT. Both discussions will be webcast live, with an archive available for 90 days.
Repay Holdings Corporation (NASDAQ: RPAY) announced strong financial results for Q1 2022, showcasing a 39% increase in card payment volume to $6.4 billion and a 42% rise in total revenue to $67.6 million compared to Q1 2021. Gross profit grew by 46% to $51 million, with net income of $12.9 million compared to a net loss of $18 million a year earlier. Adjusted EBITDA reached $29.3 million, up 43%. The company maintains its 2022 outlook, projecting card payment volume between $27-28 billion and total revenue of $296-306 million.
Payix, a REPAY company, has expanded its partnership with Nortridge Software to introduce eCash, a new online cash payment acceptance solution for lenders and borrowers. This innovative service allows borrowers to make cash payments at thousands of retail locations including convenience stores and pharmacies, streamlining the reconciliation process. The integration will enhance Nortridge's Loan Management System, improving payment acceptance and reporting capabilities. Both companies aim to enhance borrower experience and streamline loan repayment processes.
Repay Holdings Corporation (NASDAQ: RPAY) will hold a conference call on May 10, 2022, at 5:30 PM ET to discuss its first quarter 2022 financial results. The call will feature CEO John Morris and CFO Tim Murphy. 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 recorded replay will be available shortly after the call, accessible until May 17, 2022.
Repay Holdings Corporation (NASDAQ: RPAY) announced a technology integration with D2R-Collect, enhancing payment solutions for businesses leveraging D2R-Collect's fintech platform. This partnership aims to improve collection efforts through advanced digital payment acceptance, enabling seamless transactions via credit, debit cards, and ACH/EFT. Payments are automatically updated in D2R-Collect, reducing manual entry. The collaboration targets various sectors, including credit and higher education, to streamline collections and increase recovery rates.
Repay Holdings Corporation (NASDAQ: RPAY) announced a new technology integration with FLEX, enhancing payment acceptance capabilities for credit unions on the FLEX platform. This partnership aims to streamline payment operations and improve the member experience through automated decisioning and 24/7 electronic payment acceptance for loan repayments. REPAY’s platform will enable credit unions to offer convenient, self-service payment options, enhancing overall service quality.
Repay Holdings Corporation (NASDAQ: RPAY) has announced its participation in two significant upcoming investor conferences. On March 9, 2022, CFO Tim Murphy and EVP Jake Moore will join a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA, starting at 9:45am PT. Following this, on March 10, 2022, Jake Moore will participate in a virtual B2B panel at the Wolfe FinTech Forum, beginning at 2:20pm ET. Both discussions will be webcast live on the company’s investor relations website.
Repay Holdings Corporation (NASDAQ: RPAY) reported strong financial results for Q4 and FY 2021. Card payment volume reached $5.6 billion in Q4, up 43% year-over-year, while total revenue was $62.2 million, a 50% increase. Gross profit soared 57% to $47.2 million. For the full year, card payment volume was $20.5 billion, total revenue hit $219.3 million, and gross profit rose to $163.8 million. However, net losses were $(17.4) million in Q4 and $(56.0) million for the year. The company forecasts 2022 card payment volume between $27 and $28 billion, projecting total revenue of $296 - 306 million.