Priority Technology Holdings (PRTH) Reports In-Line Q1 EPS, provides guidance

Priority Technology Holdings (NASDAQ: PRTH) reported Q1 EPS of ($0.10), in-line with the analyst estimate of ($0.10). Revenue for the quarter came in at $205.7 million versus the consensus estimate of $206.87 million.

GUIDANCE:

Priority Technology Holdings sees FY2024 revenue of $875-890 million, versus the consensus of $873.5 million. Adjusted EBITDA (a non-GAAP measure) forecast to range between $193 million to $198 million, a growth rate of 15% to 18% compared to fiscal 2023 results
Adjusted gross profit (a non-GAAP measure) forecast to range between $325 million and $335 million, a growth rate of 18% to 22% compared to fiscal 2023 results

For earnings history and earnings-related data on Priority Technology Holdings (PRTH) click here.

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