Repay Holdings Corporation Reports Q2 2024 Financial Results

Repay Holdings Corporation Reports Q2 2024 Financial Results

Repay Holdings Corporation has released its financial results for the quarter ending June 30, 2024. The company experienced some notable changes in its financial metrics and segment performance.

Key Financial Metrics :

Repay Holdings saw a slight increase in total revenue by 4.4% year-over-year to $74.9 million, just missing the consensus estimate of $76.11 million. The earnings per share matched the consensus estimate at $0.22.

Segment Revenue Performance :

The Consumer Payments segment grew by 5.1% to $69.3 million, while the Business Payments segment saw a more significant increase of 7.8%, rising to $10.6 million.

Dividends or Share Repurchase Program :

No information on dividends was provided. However, as of June 30, 2024, Repay Holdings has $37.5 million remaining capacity under its $50 million share repurchase program initiated in May 2022.

Stock Price Movement :

The stock experienced an increase of 4.73% following the earnings release.

Repay Holdings Corporation continues to show growth in their key revenue segments despite missing consensus total revenue. The company maintains a robust share repurchase program, signaling confidence in its ongoing operations and financial health.