Repay Hldgs Corp Stock Price, News & Analysis

Repay Holdings Corporation (NASDAQ: RPAY) reported its Q2 2022 results, showing a 34% increase in card payment volume to $6.2 billion and a 39% rise in total revenue to $67.4 million. Gross profit also surged by 42% to $50.7 million. The net loss decreased significantly to $1.4 million from $13.4 million year-over-year. Adjusted EBITDA improved by 35% to $27.6 million. REPAY updated its full-year 2022 outlook, forecasting card payment volume of $25.0 - 26.3 billion and total revenue between $268 - 286 million.

Repay Holdings Corporation (NASDAQ: RPAY) has appointed Michael Cottrell as Senior Vice President of Clearing & Settlement. Cottrell, with extensive experience in the fintech sector, aims to enhance REPAY's Clearing & Settlement platform through operational growth and technological integration. Previously, he served as President of Metrics Global and held key roles at Global Payments and ProPay. The leadership change is expected to strengthen client services and operational strategies within the payments processing ecosystem.

Repay Holdings Corporation (NASDAQ: RPAY) will host a conference call on August 9, 2022, at 5:00 PM ET to discuss its second 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 listen to the call live on the company's investor relations website or via phone. A replay will be available shortly after the call, accessible until August 16, 2022.

REPAY provides integrated payment processing solutions tailored to specific industry needs.

Repay Holdings Corporation (NASDAQ: RPAY) has released findings from a recent consumer survey revealing that many Americans are prioritizing payment options when selecting loan providers. Conducted by OnePoll in May 2022, the survey showed that 87% of respondents have multiple loans, with 60% paying off home loans. Notably, 65% of consumers favor loan providers based on their payment options. The study highlights a significant shift towards digital payments, with 73% preferring at least partial online payment. REPAY's technology aims to enhance payment flexibility and improve the consumer loan experience.

Repay Holdings Corporation (NASDAQ: RPAY) has been awarded the Supplier Horizon Award at Premier, Inc.'s 2022 Breakthroughs Conference. This accolade is given to Premier-contracted providers that excel in customer service, engagement, and cost reduction. REPAY's collaboration with Premier focuses on enhancing automation in accounts payable (AP) processes for healthcare providers, allowing them to optimize workflows and benefit from cash rebates via virtual card payments. This recognition underscores REPAY's dedication to client support and value creation.

Repay Holdings Corporation (NASDAQ: RPAY) has expanded its partnership with Hotel Investor Apps (HIA) to enhance accounts payable and accounts receivable payment automation capabilities. This integration enables HIA properties to streamline vendor payments, increasing efficiency and transparency while minimizing fraud risks. By utilizing REPAY's technology, businesses can significantly reduce costs associated with manual processes. REPAY aims to simplify transactions for clients, maximizing revenue and resource efficiency.

Repay Holdings Corporation (NASDAQ: RPAY) announced an integration with Megasys, enhancing payment solutions for lenders in the consumer finance sector. This partnership allows Megasys' customers to accept electronic payments via REPAY's omni-channel platform, streamlining loan repayments through ACH and card transactions. The integration promises improved cash flow management and more efficient workflows for lenders, aiming to enhance customer experience.

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.