Welcome to our dedicated page for Repay Holdings Corporation news (Ticker: RPAY), a resource for investors and traders seeking the latest updates and insights on Repay Holdings Corporation stock.
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 Corporation (NASDAQ: RPAY) has partnered with Shepherd Center, a not-for-profit hospital in Atlanta, to implement its accounts payable automation and vendor payment solution. The collaboration aims to enhance operational efficiency, simplify vendor payments, and save time through a robust payments platform. Shepherd Center anticipates earning rebates via virtual card payments and improving the AP teams' experience. This partnership is expected to enable Shepherd Center to focus more on patient care while streamlining payment processes.
Repay Holdings Corporation (NASDAQ: RPAY) reported strong Q3 2022 results with a 20% year-over-year growth in gross profit at $54.9 million and revenue up 17% to $71.6 million. The company achieved a net income of $5.4 million, a significant turnaround from a net loss in the previous year. Card payment volume rose 15% year-over-year to $6.42 billion. REPAY reaffirms its full-year 2022 guidance, projecting revenues between $268 million and $286 million and gross profit of $204 million to $216 million. CEO John Morris highlighted ongoing trends towards digital payments as key growth drivers.
Repay Holdings Corporation (NASDAQ: RPAY) will participate in three upcoming investor conferences. On November 15, 2022, CEO John Morris and CFO Tim Murphy will engage in a fireside chat at the Citi 2022 Global FinTech Conference in New York, beginning at 1:15pm ET. The following day, they will speak at the Stephens Annual Investment Conference in Nashville at 3:00pm CT (4:00pm ET). Finally, on November 30, they will join the Credit Suisse 26th Annual Technology Conference in Scottsdale at 1:00pm MT (3:00pm ET). Webcasts of the discussions will be available on the Company's investor relations website.
Repay Holdings Corporation (NASDAQ: RPAY) will host a conference call on November 9, 2022, at 5:00 PM ET, to discuss its third-quarter 2022 financial results. The call will feature CEO John Morris and CFO Tim Murphy. A press release detailing the financial results will be issued after the market closes on the same day. Investors can access the call via the company's investor relations website or by phone. A replay will be available shortly after the call.
Repay Holdings Corporation (NASDAQ: RPAY) has entered an exclusive partnership with SpendMend to serve as its accounts payable solution provider for healthcare clients. This collaboration aims to enhance operational efficiency by automating accounts payable disbursements, reducing reliance on paper processes, and increasing financial control and transparency. The partnership is focused on delivering advanced payment solutions that streamline payment processes while improving cost efficiency for hospitals.
Repay Holdings Corporation (NASDAQ: RPAY) has appointed Erik Skinner as Senior Vice President and Mortgage Vertical Executive. Skinner, with extensive experience in the mortgage servicing industry, will enhance REPAY’s mortgage offerings through business development and strategic product development. Previously, he held key roles at Black Knight and Fifth Third Bank. Skinner emphasizes the need for digital transformation within the mortgage servicing sector, aiming to improve customer experience and operational efficiency.
Repay Holdings Corporation (NASDAQ: RPAY) has partnered with Jones Healthcare Group to modernize its payment systems in Canada and the U.S. This collaboration aims to enhance the payment experience for pharmacy customers, transitioning from a legacy payments architecture to a more integrated and efficient system. Customers will be able to self-serve and pay invoices online, allowing for automatic updates within Jones Healthcare Group’s ERP software. This move is expected to boost operational efficiencies and improve overall customer satisfaction.
REPAY announced integration of its payment platform with Sage Intacct, enhancing invoice payment capabilities for small to midsize businesses. This integration, free for current users, allows payments via ACH or credit card directly within Sage Intacct. REPAY's proprietary technology ensures secure data handling and offers Level 3 data processing rates, improving payment control and operational efficiency for companies. The partnership underscores REPAY's commitment to high-quality B2B transaction solutions.
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.
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