Please wait while we load the requested 10-Q report or click the link below:
Consolidated revenue of $107.4 million increased 2.5%. Adjusted consolidated revenue (1), a non- GAAP measure which excludes the impact of subscription-billing e-commerce merchants, of $105.8 million increased 17.0%.
Total merchant bankcard processing dollar value grew 10.9% to $11.0 billion from $9.9 billion.
Gross profit of $30.1 million increased $5.6 million, and gross profit margin increased 470 basis points from 23.4% to 28.1%. The Company’s non-GAAP gross profit metric (1) represents consolidated revenue less costs of merchant card fees and other costs of services.
Consolidated adjusted EBITDA of $14.9 million increased $4.3 million. The Company’s non- GAAP Consolidated adjusted EBITDA measure is earnings before interest, taxes, depreciation and amortization (EBITDA), further adjusted for non-cash compensation and certain other expenses considered non-recurring. Consolidated adjusted EBITDA (1) of $14.3 million, excluding the impact of subscription-billing e-commerce merchants, increased $7.8 million.
The Company repurchased 451,224 shares of its common stock in off-market transactions for a total amount of $2.4 million, an average of $5.29 per share.
The following information was filed by Priority Technology Holdings, Inc. (PRTH) on Tuesday, August 13, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate Priority Technology Holdings, Inc.'s financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Priority Technology Holdings, Inc..