- Paymentus ( NYSE: PAY ) stock dropped 21% premarket in low volumes on Thursday after the bill payment solution provider cut its 2022 guidance in its Q2 earnings report .
- PAY expects 2022 revenue of $485M-$492M, up ~25-27% Y/Y, vs. prior outlook of $492M-$497M. Consensus estimate is $495.34M.
- 2022 contribution profit is estimated to be $200M-$204M, up 26-29% Y/Y, vs. prior outlook of $206M-$208M.
- PAY expects 2022 adj. EBITDA of $25M-$28.5M and adj. EBITDA margin of ~13-14%. Its earlier forecast was adj. EBITDA of $30M-$33M and adj. EBITDA margin of ~14.5-16%.
- PAY reported Q2 adj. EPS of $0 vs. consensus estimate of $0.01.
- Revenue increased 28.3% Y/Y to $120M vs. consensus estimate of $117.96M.
- PAY processed 89.5M transactions in Q2, up 39.4% Y/Y.
- Contribution profit was $48.7M, up 30.1% Y/Y.
- Shares of PAY have fallen ~47% YTD.
For further details see:
Paymentus stock falls premarket on 2022 guidance cut