Welcome to our dedicated page for Repay Hldgs news (Ticker: RPAY), a resource for investors and traders seeking the latest updates and insights on Repay Hldgs stock.
Repay Holdings Corp (RPAY) delivers innovative payment processing technology for businesses and consumers through its integrated electronic solutions. This dedicated news hub provides investors and industry professionals with direct access to official corporate announcements, financial disclosures, and strategic developments.
Our curated collection features essential updates including quarterly earnings reports, merger & acquisition activity, product launches, and leadership changes. Users gain timely insights into RPAY's evolving position in the competitive fintech landscape, particularly regarding its consumer payment platforms and enterprise transaction solutions.
All content is organized chronologically for efficient tracking of corporate milestones. Key focus areas include developments in mobile payment processing, risk management innovations, and expansion of merchant service offerings. Bookmark this page to maintain current awareness of RPAY's progress in shaping secure, multi-channel transaction ecosystems.
Repay Holdings Corporation (NASDAQ: RPAY) reported a strong first quarter for 2021, with card payment volume rising 20% to $4.6 billion and total revenue increasing 20% to $47.5 million. Gross profit grew 22% to $35 million. However, the company faced a net loss of $18 million, compared to a $13.2 million loss a year prior. Adjusted EBITDA improved by 18% to $20.5 million. The company announced an acquisition of BillingTree for $503 million. For 2021, REPAY anticipates card payment volume between $19.9 billion and $20.4 billion and total revenue of $210 million to $220 million.
Repay Holdings Corporation (NASDAQ: RPAY) will host a conference call on May 10, 2021, at 5:00 PM ET to discuss its first quarter 2021 financial results. The call will feature CEO John Morris and CFO Tim Murphy, with results released after market close on the same day. Investors can access the call live through the company’s investor relations website or by phone. A replay will be available shortly after the call and until May 17, 2021. REPAY specializes in integrated payment processing solutions aimed at simplifying transactions for merchants and enhancing consumer experiences.
Repay Holdings Corporation (NASDAQ: RPAY) announced a restatement of its consolidated financial statements due to new SEC guidance on the accounting of SPAC-related warrants. This change reclassifies warrants from equity to liabilities, resulting in a projected non-operating expense increase of $76 million for 2020. Despite these adjustments, the company expects no impact on its cash flow or non-GAAP operating metrics. The restatement affects historical financial statements related to the merger with Thunder Bridge Acquisition and will be reflected in future reports.
Repay Holdings Corporation (NASDAQ: RPAY) has joined the CDK Global Partner Program, enhancing its presence in the automotive sector. This partnership allows REPAY to integrate its digital payment solutions with CDK's extensive ecosystem, enabling automotive dealers to automate accounts payable processes. The integration, facilitated through REPAY's cPayPlus platform, aims to streamline vendor payments, reducing inefficiencies in traditional invoicing and payment methods. This strategic move is expected to improve the operational efficiency and profitability of dealers nationwide.
Repay Holdings Corporation (NASDAQ: RPAY) reported strong financial results for Q4 and FY 2020, with card payment volume increasing by 16% to $4.0 billion in Q4 and by 42% to $15.2 billion for the full year. Total revenue soared 23% in Q4 to $41.4 million and 48% for the year to $155.0 million. Gross profit also rose, showing 23% growth in Q4 and 44% for the full year. Despite a net loss, the company anticipates continued growth in 2021, expecting revenue between $178 and $188 million. REPAY completed three acquisitions in 2020, enhancing its B2B capabilities.
Repay Holdings Corporation (NASDAQ: RPAY) has announced a strategic partnership with Protego Technologies Limited, aiming to enhance its software development capabilities. This collaboration is expected to create 60 new jobs in Ireland as Protego helps recruit and manage technology talent. The partnership will enable REPAY to significantly increase its development capacity and focus on innovative technology initiatives to meet the growing demand for digitized payment experiences.
Repay Holdings Corporation (NASDAQ: RPAY) has announced a technology integration with Virtual Benefits Administrator (VBA) to enhance payment solutions within the healthcare sector. This two-way integration allows insurance companies to pay healthcare providers directly from the VBA system, expediting payments and improving transparency in the claims process. REPAY's platform offers Third Party Administrators (TPAs) full visibility into claims from initiation to settlement, streamlining the payment process and reducing delays.
Repay Holdings Corporation (NASDAQ: RPAY) announced a conference call on March 1, 2021, at 5:00 PM ET to discuss its fourth quarter and full year 2020 financial results. The call will feature CEO John Morris and CFO Tim Murphy. A press release with the financial results will precede the call, issued after market close on the same day. Investors can access the call via the Company's investor relations website or by phone. A replay will be available for a week post-call.
About REPAY: REPAY specializes in integrated payment solutions tailored for specific transaction processing needs.
Repay Holdings Corporation (NASDAQ: RPAY) announced that Co-Founder and CEO John Morris, along with CFO Tim Murphy, will participate in a fireside chat at the Morgan Stanley Technology, Media and Telecom Conference on March 4, 2021, at 8:45am ET. The chat will be broadcast live on the Company's investor relations website, where an archive will be available for 90 days. REPAY specializes in providing integrated payment processing solutions, enhancing transaction experiences for businesses and consumers.
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