Priority Technology Holdings, Inc. (PRTH) Q3 2024 Earnings Call Transcript Summary
Priority Technology Holdings, Inc. (PRTH) Q3 2024 Earnings Call Transcript Summary
Despite a slight decrease in adjusted gross profit margin to 37.9%, the underlying financial metrics show an organic growth and strong operating leverage.The following is a summary of the Priority Technology Holdings, Inc. (PRTH) Q3 2024 Earnings Call Transcript:
以下是Priority Technology Holdings, Inc. (PRTH) 2024年第三季度業績會實錄摘要：
Financial Performance:
財務表現:
PRTH reported Q3 2024 revenue of $227 million, a 20% increase from the previous year.
Adjusted gross profit for Q3 was $86 million, reflecting a similar uptick of 22% in adjusted EBITDA to $54.6 million.
Despite a slight decrease in adjusted gross profit margin to 37.9%, the underlying financial metrics show an organic growth and strong operating leverage.
Year-to-date revenue of $652.6 million, showing a 17% growth, was significantly driven by improved performance as detailed on adjusted gross profit of $244.1 million and adjusted EBITDA of $152.5 million.
Full year revenue guidance is set at $875 to $883 million, approximately a 16% increase over 2023, with adjusted EBITDA projections raised to $200 million to $204 million, marking an 18% to 21% increase.
PRTH報告2024年第三季度營業收入爲$22700萬，較去年同期增長20%。
第三季度調整後的毛利潤爲$8600萬，調整後EBITDA也呈現出22%的增長，達到$5460萬。
儘管調整後的毛利潤率略有下降至37.9%，但基本財務指標顯示出有機增長和強勁的營運槓桿。
年初至今的營業收入爲$65260萬，增長17%，主要受到業績改善的推動，具體體現在調整後的毛利潤爲$24410萬和調整後EBITDA爲$15250萬。
全年營業收入指引設定在$875至$88300萬，較2023年增長約16%，調整後EBITDA預測提高至$20000萬至$20400萬，標誌着18%至21%的增長。
Business Progress:
業務進展:
PRTH continues to expand and refine its Priority Commerce Engine, supporting a broad range of financial activities including collecting, storing, lending, and sending money.
The acquisition of Plastiq has been integrated within the company's portfolio, contributing to financial results while enhancing product offerings.
The company's diverse sales channel performance remains strong, showing high organic growth particularly in the B2B, SMB, and enterprise sectors.
PRTH繼續擴展和完善其優先商業引擎，支持包括收集、存儲、借貸和匯款在內的廣泛金融活動。
收購Plastiq已納入公司的投資組合，有助於財務業績並增強產品供應。
公司多樣化的銷售渠道表現持續強勁，在B20億、SMb和企業領域尤其顯示高有機增長。
Opportunities:
機會：
The acquisition of Plastiq enhances PRTH's B2B capabilities, potentially extending its market reach and product offerings.
The continued improvement and expansion of the Priority Commerce Engine support further business growth and service enhancement.
收購Plastiq增強了PRTH的B20億能力，有望擴大市場覆蓋範圍和產品供應。
持續改進和擴展優先商業引擎，支持進一步業務增長和服務提升。
Risks:
風險：
The integration of new acquisitions such as Plastiq introduces operational challenges while providing opportunities for growth and expansion.
Expected changes in interest rates could impact the financial forecasts but have been accounted for in the company's projections.
整合諸如Plastiq等新收購可能帶來運營挑戰，同時爲增長和拓展提供機遇。
預期利率期貨的變動可能會影響財務預測，但已在公司的預測中進行了計算。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。