Repay Hldgs Corp Stock Price, News & Analysis

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.

Repay Holdings Corporation (NASDAQ: RPAY) announced a conference call to discuss its fourth quarter and full year 2021 financial results on March 1, 2022, at 5:30 PM ET. The call will feature CEO John Morris and CFO Tim Murphy. Investors can listen to a live webcast through the company's investor relations website or by dialing in. A replay will be available shortly after the call and accessible until March 8, 2022. REPAY specializes in integrated payment processing solutions for various transaction needs, enhancing overall payment experiences for consumers and businesses.

Repay Holdings Corporation (NASDAQ: RPAY) announced a technology integration with C&R Software to enhance payment solutions in the collections industry through its subsidiary, BillingTree. This partnership aims to streamline payments for credit issuers, collection agencies, and government organizations, promoting efficiency in debt collection. BillingTree's omni-channel payment platform is designed to expedite payment processing, reconciliation, and improve customer experiences. Both companies share a commitment to advancing technology and customer service in financial transactions.