BRIEF-Priority Technology Q1 Revenue USD 249.558 Million Vs. IBES Estimate USD 242.9 Million

Priority Technology Holdings, Inc.

Priority Technology Holdings, Inc.

PRTH

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May 11 (Reuters) - Priority Technology Q1 gross margin 37.5%.

  • Q1 gross profit USD 93.497 million
  • Q1 net income USD 9.76 million
  • Q1 EBITDA USD 52.037 million
  • Q1 adjusted EBITDA USD 58.094 million vs. IBES estimate USD 54.9 million
  • outlook FY adjusted EBITDA USD 230-245 million vs. IBES estimate USD 238.3 million
  • outlook FY revenue growth 6-9%