REPAY HOLDINGS Reports Record Second Quarter Earnings for FY2023
August 15, 2023
🌥️Earnings Overview
On August 9 2023, REPAY HOLDINGS ($NASDAQ:RPAY) revealed their earnings report for Q2 of FY2023, which ended on June 30 2023. Their total revenue increased by 6.5%, amounting to USD 71.8 million, compared to the same quarter in the previous year. Unfortunately, their net income for the period was negative, at USD -4.6 million, as opposed to the 0.0 million reported in the same quarter of the prior year.
Price History
On Wednesday, REPAY HOLDINGS reported record second quarter earnings for FY2023, with the company’s stock opening at $8.6 and closing at $8.3, down 4.3% from its prior closing price of $ 8.6. The company reported a strong performance in both its consumer-facing and business-to-business segments, driven by increased demand for its payment processing services. The company also highlighted significant improvements to its platform, including better fraud prevention measures, improved customer service and increased security protocols.
These improvements have helped the company position itself as a leader in the industry and have resulted in enhanced profitability. The company is looking forward to continuing to deliver strong results throughout the remainder of the year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Repay Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 290.55 | -31.86 | -7.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Repay Holdings. More…
| Operations | Investing | Financing |
| 87.95 | -6.33 | -33.22 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Repay Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.58k | 671.95 | 9.47 |
Key Ratios Snapshot
Some of the financial key ratios for Repay Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.3% | – | -10.0% |
| FCF Margin | ROE | ROA |
| 14.2% | -2.1% | -1.2% |
Analysis
At GoodWhale, we recently conducted an analysis of REPAY HOLDINGS‘s financials. Based on our Risk Rating, REPAY HOLDINGS is considered a high risk investment. We have detected 2 risk warnings in the income sheet and balance sheet. If you would like to learn more about the details of our analysis and the risks associated with investing in REPAY HOLDINGS, please register on goodwhale.com. Our team of experts is available to help you understand our risk ratings and explain the warnings that we have detected. We also offer advice to help you make an informed decision for your investments. More…
Peers
The four companies that will be discussed are Repay Holdings Corp, EVO Payments Inc, Adyen NV, and PaySign Inc. All four companies offer similar services, but each has its own advantages and disadvantages. The company was founded in 2013 and is headquartered in Atlanta, Georgia. EVO Payments Inc is a privately held company that was founded in 1989 and is headquartered in New York, New York. Adyen NV is a publicly traded company on the Amsterdam Stock Exchange under the ticker symbol “ADYEN.” The company was founded in 2006 and is headquartered in Amsterdam, Netherlands. PaySign Inc is a privately held company that was founded in 2002 and is headquartered in Henderson, Nevada.
– EVO Payments Inc ($NASDAQ:EVOP)
Evo Payments, Inc. is a provider of payment processing services. The company operates in two segments, Merchant Services and Issuer Solutions. It offers payment processing and merchant acquiring services to merchants and businesses of all sizes, and provides credit, debit, prepaid, and alternative payment solutions to financial institutions and card issuers.
Evo Payments Inc has a market cap of 1.61B as of March 31, 2022. The company’s ROE for the same period is -10.06%.
The company offers payment processing and merchant acquiring services to merchants and businesses of all sizes. It also provides credit, debit, prepaid, and alternative payment solutions to financial institutions and card issuers.
– Adyen NV ($OTCPK:ADYEY)
Adyen NV is a technology company that provides businesses with a platform for processing online payments. The company has a market cap of $39.84 billion as of 2022 and a return on equity of 22.38%. Adyen was founded in 2006 and is headquartered in Amsterdam, the Netherlands. The company’s platform is used by businesses of all sizes, from small businesses to large enterprises. Adyen offers a suite of products and services, including online payments, point-of-sale, and fraud prevention. The company has a strong focus on growth and innovation, and has been investing heavily in research and development. Adyen is a publicly traded company, listed on the Amsterdam Stock Exchange.
– PaySign Inc ($NASDAQ:PAYS)
Sign Inc is a publicly traded company that provides digital marketing and advertising services. The company has a market capitalization of 118.38 million as of 2022 and a return on equity of -3.44%. Sign Inc offers a range of services including website design and development, search engine optimization, pay per click management, and social media marketing. The company serves clients in a variety of industries including healthcare, education, retail, and technology.
Summary
REPAY HOLDINGS recently released their second quarter earnings results for FY2023, revealing a 6.5% increase in total revenue to USD 71.8 million. Unfortunately, their reported net income fell to USD -4.6 million from the previous year’s 0.0 million. As a result of this news, the stock price dropped on the same day.
Investors should closely monitor REPAY HOLDINGS’ performance in the coming quarters before making any investment decisions. Factors to consider include their ability to reverse their declining net income trend, as well as the impact of any new products or services they may be rolling out.
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