Priority Technology Holdings

Priority Technology Holdings, Inc. is a provider of merchant acquiring and commercial payments solutions with a platform of micro services that activate and monetize vertically specialized merchant networks. It offers unique product capabilities to businesses, enterprises and distribution partners such as retail independent sales organizations, financial institutions, wholesale ISOs, and independent software vendors in the United States. The company operates through three reportable segments: Consumer Payments, Commercial Payments, and Integrated Partners. The Consumer Payments represents consumer-related services and offerings including merchant acquiring and transaction processing services including the proprietary MX enterprise suite. The Commercial Payments represents services provided to certain enterprise customers, including outsourced sales force to those customers and accounts payable automation services to commercial customers. The Integrated Partners represents payment adjacent services that are provided primarily to the health care and residential real estate industries. The company was founded on April 23, 2015 and is headquartered in Alpharetta, GA.

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Priority Technology Holdings reports robust Q4 performance and eyes future growth opportunities

Priority Technology Holdings reported strong financial performance in Q4 2022 and full-year 2022, with revenue and profitability showing significant growth. The company is optimistic about future revenue guidance for 2023 and expects improved margins in the coming years.
Despite challenges in certain segments, Priority Technology Holdings is focused on leveraging opportunities such as Passport adoption, consumer wellness program trends, and selective platform partnerships. The company's cautious guidance hints at substantial potential ahead.

Priority Technology Holdings excels in Q1 2023, eyes strategic growth

Priority Technology Holdings delivered robust financial results in Q1 2023, showcasing growth across key segments and a focus on enhancing partner experiences. While facing challenges in certain revenue streams, the company remains optimistic about future growth opportunities through acquisitions and new product launches.

Priority Technology Holdings reports strong Q2 earnings, eyes Plastiq integration

Priority Technology Holdings demonstrated robust financial performance in Q2 2023, with revenue and adjusted EBITDA showing significant growth year-to-date.
The acquisition of Plastiq and emphasis on a unified commerce platform position Priority well for future growth and meeting customer needs effectively.
While facing challenges related to Plastiq's revenue model changes and bankruptcy proceedings, Priority has opportunities to drive growth through segment-level performance and service expansion.

Priority Technology Holdings (PRTH) reports strong Q3 earnings and growth opportunities

Priority Technology Holdings (PRTH) delivered strong Q3 results, with revenue growth, increased adjusted EBITDA, and a focus on unified commerce and revenue optimization across segments.
The company faces challenges in managing debt levels, navigating pricing dynamics, and balancing revenue growth with margin considerations, requiring strategic decision-making and operational efficiency.
Opportunities lie in leveraging unified commerce demand, innovating to meet customer needs, accelerating merchant counts, and exploring new market opportunities in the fintech sector for sustained growth.
Management's dedication to a fintech model and commitment to delivering results underscore a strategic focus on performance optimization and long-term value creation for investors.

Priority Technology Holdings achieves record Q4 results, eyes growth

PRTH's Q4 2023 marked a historic performance with record revenue and adjusted EBITDA, setting the stage for continued growth in 2024.
The company's focus on recurring gross profit, capital deployment, and strategic growth initiatives positions it well for future success.
Challenges in operating expenses and debt management require attention, but opportunities in new sectors and automation tools offer avenues for growth.
Overall, PRTH's strong financial results, customer growth, and strategic outlook indicate a positive trajectory for the company.

Priority Technology Holdings reports record Q1 results and eyes strategic growth

Priority Technology Holdings delivered a strong performance in Q1 2024, achieving record revenue and profitability metrics across its segments. The company's strategic focus on margin expansion, debt refinancing, and acquisitions underscores a commitment to sustainable growth and financial efficiency.
While facing challenges such as segment-specific revenue impacts and pending recapitalization efforts, Priority Technology Holdings remains poised to navigate these hurdles through strategic adjustments and operational excellence. The company's proactive approach to addressing challenges and capitalizing on opportunities positions it well for future growth and value creation.
With a solid foundation of financial strength and a clear growth strategy, Priority Technology Holdings is well-positioned to capitalize on market opportunities and drive continued success. By leveraging its strengths, addressing challenges, and pursuing growth opportunities, the company demonstrates resilience and adaptability in a dynamic business environment.

Priority Technology Holdings reports record Q3 results, poised for growth

Priority Technology Holdings delivered exceptional financial results in Q3 2024, with revenue and adjusted EBITDA showing significant growth, supported by a diverse customer base and innovative solutions.
The company's strategic focus on innovation, cross-selling, and market positioning has yielded positive outcomes, driving revenue, profitability, and market share expansion.
While challenges exist in sustaining growth and integration, Priority Technology Holdings is well-positioned to capitalize on opportunities for further market penetration and technological advancement.

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Priority Technology Holdings, Inc. engages in the provision of merchant acquiring and commercial payments solutions with a platform of micro services that activate and monetize vertically specialized merchant networks. It operates through the following segments: SMB Acquiring Solutions, B2B Payables, and Enterprise Payments and BaaS. The SMB Acquiring Solutions segment offers full-service acquiring and payment-enabled solutions for B2C transactions, leveraging Priority's proprietary software platform, distributed through ISO, direct sales, and vertically focused ISV channels. The B2B Payables segment refers to market AP automation solutions to corporations, software partners, and industry FIs. The Enterprise Payments and BaaS segment focuses on embedded finance and BaaS solutions to customers to modernize legacy platforms and accelerate software partners' strategies to monetize payments. The company was founded by John V. Priore on April 23, 2015 and is headquartered in Alpharetta, GA.

ALPHARETTA, Ga., Nov. 3, 2021 /PRNewswire/ -- Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company"), a leading payments technology company helping customers collect, store and send money, today announced that it will release its third quarter 2021 financial results before financial markets open on Monday, November 15, 2021.

Priority Technology Holdings, Inc. Announces Third Quarter 2021 Financial Results Release Date and Conference Call Information

ALPHARETTA, Ga., Oct. 4, 2021 /PRNewswire/ -- Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority"), a leading payments technology company helping customers collect, store, and send money, today announced several new roles among its leadership team.

Priority Technology Holdings, Inc. Announces New Leadership Roles

Priority Technology Holdings Inc (NASDAQ: PRTH) completed the acquisition of Finxera Holdings Inc on September 17, via its subsidiary Prime Warrior Acquisition Corp, for $375 million in cash and 7.6 million shares. The 7.6 million shares were worth $54.3 million as per Priority's September 20 closing price of $7.15.

Priority Technology Completes Finxera Acquisition For $375M Cash, $54.3M In Stock

Payments tech firm Priority Technology Holdings, Inc. on Friday (Sept. 17) finalized its acquisition of Banking-as-a-Service platform Finxera Holdings, Inc. “We now have the premier platform to collect, store and send money with a full breadth of payment and virtual banking capabilities,” said Tom Priore, chairman and CEO of Priority, in the joint announcement.

Priority Technology Holdings Finishes Finxera Acquisition

The stock price of Priority Technology Holdings, Inc. (NASDAQ: PRTH) increased by over 32% today. This is why it happened.

PRTH Stock: Why It Significantly Increased Today

ALPHARETTA, Ga., Sept. 17, 2021 /PRNewswire/ -- Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority"), a leading payments technology company helping customers collect, store and send money, today announced that it has completed the acquisition of Finxera Holdings, Inc. ("Finxera"), a pioneer in the fintech industry that launched and operated one of the first Banking as a Service ("BaaS") platforms.

Priority Technology Holdings, Inc. Completes Acquisition of Finxera to Create the Premier Payments and Banking as a Service Platform

Priority Technology Holdings, Inc. (PRTH) CEO Tom Priore on Q2 2021 Results - Earnings Call Transcript

Shares of Priority Tech Holdings (NASDAQ:PRTH) rose 3.0% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were down 91.67% year over year to ($0.23), which missed the estimate of ($0.01).

Priority Tech Holdings: Q2 Earnings Insights

ALPHARETTA, Ga., Aug. 9, 2021 /PRNewswire/ -- Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company"), a leading payments technology company helping customers collect, store and send money, today announced its second quarter 2021 financial results.

Priority Technology Holdings, Inc. Announces Second Quarter 2021 Financial Results

ALPHARETTA, Ga., Aug. 2, 2021 /PRNewswire/ -- Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company"), a leading payments technology company helping customers collect, store and send money, today announced that it will release its second quarter 2021 financial results before financial markets open on Monday, August 9, 2021.

Priority Technology Holdings, Inc. Announces Second Quarter 2021 Financial Results Release Date and Conference Call Information

Priority Technology Holding Inc. (PRTH) CEO Tom Priore on Q1 2021 Results - Earnings Call Transcript

ALPHARETTA, Ga., May 12, 2021 /PRNewswire/ -- Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company"), a leading payments technology company helping customers collect, store and send money, today announced its first quarter 2021 financial results.

Priority Technology Holdings, Inc. Announces First Quarter 2021 Financial Results

ALPHARETTA, Ga., May 6, 2021 /PRNewswire/ -- Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company"), a leading payments technology company, today announced that it will release its first quarter 2021 financial results after the close of financial markets on Wednesday, May 12, 2021.

Priority Technology Holdings, Inc. Announces First Quarter 2021 Financial Results Release Date and Conference Call Information

Priority Technology (PRTH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Priority Technology (PRTH) May Report Negative Earnings: Know the Trend Ahead of Q1 Release

ALPHARETTA, Ga., April 29, 2021 /PRNewswire/ -- Priority Technology Holdings, Inc. (NASDAQ:  PRTH) ("Priority"), a leading payments technology company, today announced the completion of its debt refinancing and preferred equity issuance.

Priority Technology Holdings, Inc. Announces Completion of Debt Refinancing and Preferred Equity Issuance

Priority Technology Holdings' (PRTH) CEO Tom Priore on Q4 2020 Results - Earnings Call Transcript

ALPHARETTA, Ga., March 16, 2021 /PRNewswire/ -- Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company"), a leading provider of merchant acquiring, integrated payment software and commercial payment solutions, today announced its fourth quarter financial results including strong year-over-year revenue growth and further deleveraging during the quarter.

Priority Technology Holdings, Inc. Announces Fourth Quarter and Full Year 2020 Financial Results

ALPHARETTA, Ga., March 10, 2021 /PRNewswire/ -- Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company"), a leading provider of merchant acquiring, integrated payment software and commercial payment solutions, today announced that it is participating in the 33rd Annual Roth Conference on March 15, 2021.

Priority Technology Holdings, Inc. to Participate in the 33rd Annual Roth Conference on March 15, 2021

ALPHARETTA, Ga., March 10, 2021 /PRNewswire/ -- Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company"), a leading payments technology company, today announced that it will release its fourth quarter and full-year 2020 financial results after the close of financial markets on Tuesday, March 16, 2021.

Priority Technology Holdings, Inc. Announces Fourth Quarter and Full-Year 2020 Financial Results Release Date and Conference Call Information

Payments technology company Priority Technology Holdings Inc (NASDAQ: PRTH) and fintech industry pioneer Finxera Holdings inked a merger agreement. Finxera will operate as a wholly-owned subsidiary of Priority under the arrangement.

Priority Technology To Acquire Finxera

ALPHARETTA, Ga.--(BUSINESS WIRE)--Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority”) today announced that is participating in the A.G.P. Emerging Growth Technology Conference on Thursday, February 4, 2021. Virtual one-on-one meetings will be held throughout the day and the presentation can be found here http://prth.com/assets/AGP-Technology-Conference.pdf In these meetings, the Company will reiterate its previously disclosed guidance for the fourth quarter of 2020 financial results

Priority Technology Holdings, Inc. to Participate in A.G.P. Emerging Growth Technology Conference

ALPHARETTA, Ga.--(BUSINESS WIRE)--Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority”), a leading provider of merchant acquiring, integrated payment software and commercial payment solutions today announced Stephen W. Hipp and Marietta C. Davis have joined its board of directors. Hipp will succeed William (Billy) Gahan who has joined Priority as its vice president focused on institutional partnerships and is retiring from the board effective immediately. Davis will succeed Matthew Kea

Priority Technology Holdings, Inc. Elects Two New Directors

Priority Technology Holdings, Inc. (PRTH) CEO Tom Priore on Q3 2020 Results - Earnings Call Transcript

Earnings Preview: Priority Technology (PRTH) Q3 Earnings Expected to Decline

ALPHARETTA, Ga.--(BUSINESS WIRE)--Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority”), a leading provider of merchant acquiring, integrated payment software and commercial payment solutions, today announced that the Board of Directors has approved the expansion of its senior leadership team with the hire of Dave Faupel as its new Chief Marketing Officer. With over 25 years of marketing experience across a wide array of industries, Dave has an extensive background building high-perfor

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