Priority Technology Holdings Inc (OQ:PRTH)

Sector:  Technology Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 2001 Westside Pkwy Ste 155
ALPHARETTA GA 30004-8905
Tel: 1-773-4977575
Website: https://prioritycommerce.com
IR: See website
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Key People
Thomas Charles Priore
Chairman of the Board, President, Chief Executive Officer
John Vito Priore
Co-Founder, Director
Sean Kiewiet
Co-Founder, Chief Strategy Officer
Timothy O'Leary
Chief Financial Officer
Ranjana Ram
Chief Operating Officer
Bradley J. Miller
General Counsel, Chief Risk Officer, Corporate Secretary
Business Overview
Priority Technology Holdings, Inc. is a solution provider in payments and banking as a service (BaaS) industry, operating at a scale with 860,000 active customers across its small and medium-sized businesses (SMB), business-to-business and enterprise customer channels. The Company has three segments. SMB Acquiring Solutions segment provides full-service acquiring and payment-enabled solutions for business-to-consumer transactions, leveraging its proprietary software platform, distributed through independent sales organizations (ISO), direct sales and vertically focused independent software vendor (ISV) channels. B2B Payables segment provides accounts payable (AP) automation solutions to corporations, software partners and industry financial institutions (FI), including Citibank and Mastercard. Enterprise Payments and BaaS segment provides embedded finance and BaaS solutions for customers to modernize legacy platforms and accelerate software partners' strategies to monetize payments.
Financial Overview
For the fiscal year ended 31 December 2023, Priority Technology Holdings Inc revenues increased 14% to $755.6M. Net loss applicable to common stockholders increased 26% to $49.1M. Revenues reflect Enterprise Payments segment increase of 60% to $132M, B2B Payments segment increase from $18.9M to $40.7M, SMB Payments segment increase of 4% to $582.9M. Higher net loss reflects SMB Payments segment income decrease of 15% to $46.5M.
Employees: 974 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $1,106M as of Dec 31, 2023
Annual revenue (TTM): $755.61M as of Dec 31, 2023
EBITDA (TTM): $149.92M as of Dec 31, 2023
Net annual income (TTM): -$49.06M as of Dec 31, 2023
Free cash flow (TTM): $28.64M as of Dec 31, 2023
Net Debt Last Fiscal Year: $599.07M as of Dec 31, 2023
Shares outstanding: 75,792,939 as of Mar 7, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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