Welcome to our dedicated page for Priority Technology Hldgs news (Ticker: PRTH), a resource for investors and traders seeking the latest updates and insights on Priority Technology Hldgs stock.
News about Priority Technology Holdings, Inc. (NASDAQ: PRTH) centers on its role as a payments and banking solution provider that enables businesses to collect, store, lend and send funds through a unified commerce engine. The company’s communications emphasize a connected commerce platform that brings together payables, merchant solutions or services, and treasury and banking solutions to streamline financial operations and support business growth.
On this page, readers can review company-issued updates such as quarterly and year-to-date financial results, where Priority discusses revenue trends, adjusted gross profit, operating income, EBITDA, Adjusted EBITDA, and Adjusted EPS. These releases often include definitions and reconciliations of non-GAAP measures and commentary on segment performance across Merchant Solutions, Payables, and Treasury Solutions.
Priority’s news flow also includes announcements of strategic acquisitions and financing arrangements. Recent press releases describe the acquisition of certain assets of Boom Commerce, an existing reseller partner, and the acquisition of substantially all of the assets of DMSJV, LLC (Dealer Merchant Services), a vertically focused reseller in the auto and truck dealership sector. The company has also announced a senior secured delayed draw credit facility tied to receivables related to reseller residuals, as well as amendments and refinancings of its credit and guaranty agreements and a broadly syndicated credit facility.
Another important category of news involves strategic and corporate actions. Priority has disclosed a preliminary, non-binding proposal from an investor group led by its Chairman and Chief Executive Officer to acquire the remaining shares of the company’s common stock not already held by that group. The board formed a special committee of independent and disinterested directors to evaluate this proposal and potential strategic alternatives, and subsequent news has covered the engagement of financial and legal advisors to support that review.
Investors and followers of PRTH can use this news feed to monitor Priority’s financial reporting, capital structure developments, acquisition activity, and board-level evaluations of strategic options, all based on the company’s own press releases and related disclosures.
Priority Technology Holdings (NASDAQ: PRTH) has announced the launch of new senior credit facilities, comprising a $70 million revolving credit facility and a $1.0 billion term loan. The facilities will extend maturities to 5 years for the revolving credit and 7 years for the term loan.
The proceeds will be used to refinance $935.5 million of existing debt, partially fund a planned tuck-in acquisition, and settle contingent consideration related to the Plastiq acquisition. The transaction is expected to close in Q3 2025. The company's improved credit profile, evidenced by Moody's upgrade to 'B1' and S&P's positive outlook, supports this refinancing initiative.
Priority Technology Holdings (NASDAQ: PRTH), a payments and banking fintech company, has announced its participation in three upcoming investor conferences in May and June 2025:
- B. Riley 25th Annual Investor Conference in Marina Del Rey, CA on May 21, 2025
- Wolfe Research Small and Mid-Cap Conference (virtual) on June 3-4, 2025
- Benchmark Virtual Fintech Seminar on June 5, 2025, featuring a fireside chat at 12:30 PM EDT
The Benchmark presentation will be accessible through Priority's investor relations website at prioritycommerce.com/investors/.
The Minnesota Wild has selected Priority (PRTH) as its partner to streamline ticket payment processing and enhance financial operations. Since March, Priority Sports has been managing the NHL team's ticket transactions, providing fast and secure service. The partnership aims to improve both fan experience and operational efficiency.
The Wild's Chief Revenue Officer, Mitch Helgerson, highlighted that Priority offered a data-driven solution to address their complex pricing and payment flexibility challenges. The team is also considering implementing Priority's Passport platform, which offers instant settlement, improved cash utilization, and integrated payment operations.
Priority Technology Holdings (NASDAQ: PRTH) has scheduled its first quarter 2025 financial results announcement for Tuesday, May 6, 2025, before markets open. The company will host a conference call and webcast at 11:00 AM ET on the same day, featuring a question-and-answer session.
Participants can join via phone (US/Canada: 877-407-0752, International: 201-389-0912) or access the webcast through the company's investor relations website. An audio replay will be available until May 20, 2025, accessible by dialing 844-512-2921 (US) or 412-317-6671 with access ID 13753537.
Ideon has announced a strategic partnership with Ambient, the ICHRA payments and administration unit of Priority Technology Holdings (PRTH), to enhance Individual Coverage Health Reimbursement Arrangement (ICHRA) solutions. The collaboration integrates Ideon's enrollment technology with Ambient's payment and administration capabilities.
The partnership addresses key challenges in the rapidly expanding ICHRA market by providing automated solutions for managing enrollment and payment data. IdeonEnroll for ICHRA extends the company's group benefit enrollment automation to the individual market, reducing integration costs and processing time while improving visibility into enrollments.
The comprehensive solution combines IdeonQuote, IdeonSelect, and IdeonEnroll with Ambient's payment system, enabling carriers and platforms to efficiently enter the ICHRA market with pre-built integrations and accurate data processing.
Priority Technology Holdings (PRTH) has received a credit rating upgrade from Moody's Ratings, moving up to B1 from B2. The upgrade reflects Priority's strong revenue growth, improved capital structure with lower costs, and enhanced cash flow generation capabilities.
According to Moody's assessment, the company is expected to continue deleveraging through earnings growth and debt reduction. Priority's CFO Tim O'Leary expressed satisfaction with the recognition of their financial performance and successful balance sheet improvements in fiscal 2024.
Priority Technology Holdings (NASDAQ: PRTH) has announced the launch of its Ambient business for Individual Coverage Health Reimbursement Arrangement (ICHRA) plan payments and administration. The platform is designed to help insurance brokers and third-party administrators build high-margin ICHRA businesses while enabling employers to manage health benefit plans efficiently.
ICHRAs are employer-funded health benefits that allow tax-free reimbursement for individual health insurance premiums and qualified medical expenses. According to Jim Mrowka, Ambient's COO, ICHRAs are experiencing rapid growth in the U.S., with 83% of new ICHRA adopters being businesses that previously offered no health insurance.
The Ambient platform facilitates:
- Easy ICHRA plan establishment
- Customized plan document generation
- Election and substantiation management
- Streamlined payment administration
Priority Technology Holdings (NASDAQ: PRTH) has reported strong financial results for Q4 and full year 2024. Q4 revenue increased 13.9% to $227.1 million, with operating income up 54.9% to $34.1 million. Adjusted EBITDA grew 16% to $51.7 million, while Adjusted EPS surged 800% to $0.18.
Full-year 2024 performance showed revenue growth of 16.4% to $879.7 million, operating income up 63.7% to $133.4 million, and Adjusted EBITDA increasing 21.3% to $204.3 million. The company made a $10 million voluntary prepayment on its term loan in February 2025.
Looking ahead, 2025 guidance projects revenue between $965 million to $1 billion (10-14% growth), Adjusted gross profit of $360-385 million (10-17% growth), and Adjusted EBITDA of $220-230 million (8-13% growth).