2023-05-11 07:38:09 ET
- Priority Technology press release ( NASDAQ: PRTH ): Q1 GAAP EPS of -$0.15.
- Revenue of $185.03M (+20.7% Y/Y).
- Adjusted gross profit of $63.1 million increased 21.8% from $51.8 million.
- Adjusted gross profit margin of 34.1% increased 30 basis points from 33.8%.
- Adjusted EBITDA of $37.6 million increased 24.1% from $30.3 million.
- Priority's outlook remains strong and we are reaffirming our full year 2023 guidance : Revenue forecasted to range between $740 million to $755 million vs. consensus of $745.94M, a growth rate of 12% to 14%.
- Adjusted EBITDA (a non-GAAP measure) is forecasted to range between $160 million to $165 million, a growth rate of 14% to 18%.
For further details see:
Priority Technology GAAP EPS of -$0.15, revenue of $185.03M; reaffirms FY23 guidance