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Repay Holdings Corporation Class A Common Stock (symbol: RPAY), established in 2006, is a full-service provider of electronic transaction processing services tailored for retail merchants. The company offers a comprehensive suite of solutions, including credit and debit card processing, gift cards, ACH, bank account verification, electronic bill payment, and instant funding. Repay currently supports over 5,000 merchant locations across various product lines.
Repay’s management team has demonstrated consistent success since the company’s inception, focusing on key areas such as sales, risk mitigation, merchant support, and the effective use of its proprietary software platform. This strategic approach has positioned Repay as one of the fastest-growing companies in the United States, earning it the #330 spot on the Inc. 500 list in 2012.
The company is engaged in providing integrated payment processing solutions to a range of verticals with transaction processing needs. Repay's services enable customers to make payments via multiple channels, including Mobile App, Text, Interactive Voice Response, Virtual Terminal, Hosted Payment Page, and Online Customer Portal. The company's operations are divided into two segments: Consumer Payments and Business Payments.
Repay continues to expand its footprint through strategic partnerships, innovative projects, and cutting-edge technology. The company is committed to delivering exceptional service and support to its clients, ensuring seamless and secure payment processing. With a robust financial condition and a forward-looking approach, Repay Holdings Corporation is well-positioned to maintain its growth trajectory and continue providing valuable services to its growing customer base.
Repay Holdings (NASDAQ: RPAY) has scheduled its fourth quarter and full year 2024 financial results announcement for Monday, March 3, 2025. The company will release its financial results press release after market close, followed by a conference call at 5:00pm ET.
The conference call will be accessible via webcast from REPAY's investor relations website and through phone dial-in options. For domestic callers, the dial-in number is (877) 407-3982, while international callers can use (201) 493-6780. A replay will be available until March 17, 2025, accessible via (844) 512-2921 for domestic and (412) 317-6671 for international calls, using conference ID 13750988.
Repay Holdings (NASDAQ: RPAY) has announced a new integration with Lightspeed DMS, a leading recreational dealer management software provider. This partnership marks REPAY's first major expansion beyond traditional automotive, extending vendor payment automation to powersports, RV, marine, and other retailers.
The integration enables dealerships to automate vendor payments through digital methods like virtual cards and ACH, replacing traditional paper checks. This modernization enhances payment security and ensures timely payments while maintaining vendor relationships. The solution streamlines accounts payable processes by consolidating all dealership vendor payments into a single platform and workflow, reducing manual processes that can lead to errors or delays.
According to Troy Thibodeau, Lightspeed's Chief Marketing and Products Officer, the partnership brings enhanced efficiency to their dealer management system, offering streamlined vendor payments and financial benefits to their customers.
REPAY (NASDAQ: RPAY) has announced a strategic integration with Worth, a fintech platform specializing in underwriting and onboarding workflow automation. The partnership aims to accelerate merchant onboarding and AP vendor enrollments across REPAY's Consumer and Business Payments verticals.
The integration leverages Worth's extensive database of over 1,100 data points to enable precise and transparent decisioning in underwriting and onboarding processes. This collaboration is expected to reduce merchant onboarding time while enhancing KYB (Know Your Business) risk mitigation through Worth's intelligent data platform.
Repay Holdings (NASDAQ: RPAY) reported its Q3 2024 financial results, highlighting a 9% YoY gross profit growth and 8% YTD growth (9% YTD on an organic basis). Revenue for Q3 2024 was $79.1 million, a 6% increase YoY. The company achieved a 115% increase in net cash provided by operating activities and a 250% increase in free cash flow compared to the previous quarter. Adjusted EBITDA grew by 10% YoY to $35.1 million.
Business Payments segment showed a substantial 67% YoY and 33% YTD gross profit growth, while Consumer Payments segment grew by 2% YoY and 6% YTD. REPAY added three new integrated software partners and 13 new credit unions. The company updated its 2024 outlook, projecting revenue between $314-$320 million, gross profit between $245-$250 million, and adjusted EBITDA between $139-$142 million, with a free cash flow conversion target of approximately 65%.
REPAY (NASDAQ: RPAY) has announced its participation in three upcoming investor conferences. The company's CEO John Morris and CFO Tim Murphy will attend: the Keefe, Bruyette, & Woods FinTech Conference in New York on November 14, 2024, for investor meetings; the Stephens Investment Conference in Nashville on November 20, 2024, with a fireside chat at 11:00am ET; and the UBS Global Technology Conference in Scottsdale on December 4, 2024, with a fireside chat at 2:15pm ET.
The fireside chats will be webcast live on REPAY's investor relations website and archived for 90 days.
Repay Holdings (NASDAQ: RPAY) has scheduled its third quarter 2024 financial results announcement for Tuesday, November 12, 2024. The company will release its financial results after market close, followed by a conference call at 5:00pm ET. The call will be accessible via webcast from the company's investor relations website and through phone dial-in. A replay will be available until November 26, 2024, and the webcast will be archived on the company's website.
REPAY (NASDAQ: RPAY) has announced an embedded integration with Otelier, a hospitality software and performance optimization platform. This integration enhances Otelier's DigiPay capabilities by incorporating REPAY's vendor payment automation, creating a comprehensive solution for hotel operators to manage invoices and execute vendor payments efficiently.
The partnership aims to streamline hotel operations by offering a single platform for automating vendor payments and managing invoices. Key features include virtual cards and ACH options for faster, more secure payments, and end-to-end payment process automation. This integration is designed to reduce time spent on back-office AP operations, allowing hoteliers to focus more on providing exceptional hospitality.
Repay Holdings (NASDAQ: RPAY), a leading provider of payment solutions, reported its Q2 2024 financial results.
Key financial highlights include: 4% revenue growth to $74.9 million and 7% gross profit growth to $58.6 million year-over-year (YoY). The company achieved a 21% reduction in net loss to $4.2 million and a 10% increase in adjusted EBITDA to $33.7 million. Net cash provided by operating activities increased by 55% to $31.0 million, and free cash flow surged by 93% to $19.3 million.
Business highlights: Consumer Payments and Business Payments segments saw respective gross profit growths of 7% and 11% YoY. Significant milestones include expanding the AP supplier network by 55% YoY to over 300,000 and adding 7 new software partners.
Balance Sheet: Issued $287.5 million 2029 notes at 2.875%, repurchased $220 million of 2026 notes, and bought back 3.9 million shares for $40 million.
Outlook 2024: Reiterates revenue between $314-320 million and adjusted EBITDA between $139-142 million.
Repay Holdings (NASDAQ: RPAY), a prominent provider of integrated payment processing solutions, has announced its participation in the Wells Fargo Annual FinTech, Information & Business Services Forum.
The event will take place in Newport, RI, on Wednesday, August 21, 2024. Alex Cohen, EVP of Corporate Strategy & Development, and Stewart Grisante, Head of Investor Relations, will represent REPAY and host investor meetings.
Interested parties are encouraged to contact the Wells Fargo conference team to schedule meetings.
Repay Holdings (NASDAQ: RPAY), a leading provider of integrated payment processing solutions, has announced that it will host a conference call to discuss its second quarter 2024 financial results on Thursday, August 8, 2024, at 5:00pm ET. The company will issue a press release with the financial results after the market closes on the same day.
Investors can access the conference call through a live webcast on REPAY's investor relations website or by dialing in. A replay of the call will be available until August 22, 2024, and an archive of the webcast will be accessible on the company's website shortly after the call concludes.
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