The following is a summary of the Repay Holdings Corporation (RPAY) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Repay Holdings Corporation reported a 6% increase in Q3 2024 revenue to $79.1 million.

• Gross profit grew by 9% year-over-year, driven by processing cost optimization and automation initiatives.

• Adjusted EBITDA increased by 10% in Q3 to $35.1 million, with margins approximately at 44%.

• Adjusted net income for Q3 was $21.2 million, translating to $0.23 per share.

Business Progress:

• Further expanded software partnerships, adding 176 software partners in the consumer payment segment.

• Signed several new clients including 13 new credit unions and the University of Florida Health Systems.

• Launched processing for an auto captive lender and several mortgage debit acceptance services.

• Announced new integration with Blackbaud and augmented payment processing capabilities via Mastercard partnership.

Opportunities:

• Strengthened position in consumer and business payments through software integrations and new client acquisitions.

• Potential growth from newly launched services in mortgage debit acceptance and expanded capabilities in instant funding.

Risks:

• Normalizing consumer spending trends and the loss of an RCS client could impact growth.

• Business Payments segment may face headwinds from corporate spending patterns.

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