Repay Holdings rises after Q4 profit beat

Repay Holdings

01/03/2024 14:05

** Shares of payment solutions provider Repay Holdings
 RPAY.O  rise 4% to $9.03 premarket
    ** After market close on Thursday, RPAY posted Q4 adjusted
net income of 27 cents/shr vs analysts' expectation of 21
cents/shr - LSEG data
    ** Q4 revenue rose 5% to $76 mln, also topping estimates of
$70.4 mln, driven by strength in consumer payments segment
    ** Card payment volume dipped 3% to $6.42 bln in the quarter
compared to last year
    ** "We closed out the year seeing the continued demand from
existing clients adopting more payment capabilities" - CEO John
Morris
    ** RPAY forecast FY 2024 revenue between $314 mln to $320
mln, compared with expectations of $318.4 mln
    ** Stock rose 6.1% in 2023

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))