Repay Posts Decline in Q4 Profit; Starts Strategic Review

MT Newswires Live03-03

Repay Holdings (RPAY) reported Q4 adjusted diluted earnings Monday of $0.24 per share, down from $0.27 a year earlier.

Analysts polled by FactSet expected $0.25.

Revenue for the quarter ended Dec. 31 was $78.3 million, up from $76.0 million a year earlier.

Analysts surveyed by FactSet expected $82.3 million.

The company said it has started a strategic review to assess options to capture shareholder value. It also said that it has not set a deadline for the completion of the process.

"This strategic review may also include...strategic alternatives, including M&A, a sale or take private of the company and other structural changes, transactions and alternatives that could enhance shareholder value," CEO John Morris said.

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