Priority Technology Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 12, 2024 at 07:30 am EDT
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Priority Technology Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 199.28 million compared to USD 177.56 million a year ago. Net loss was USD 0.106 million compared to USD 1.31 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 0.15 a year ago.
For the full year, sales was USD 755.61 million compared to USD 663.64 million a year ago. Net loss was USD 1.31 million compared to USD 2.15 million a year ago. Basic loss per share from continuing operations was USD 0.63 compared to USD 0.5 a year ago.
Priority Technology Holdings, Inc. is a solution provider in payments and banking as a service (BaaS) industry, operating at a scale with 860,000 active customers across its small and medium-sized businesses (SMB), business-to-business and enterprise customer channels. The Company has three segments. SMB Acquiring Solutions segment provides full-service acquiring and payment-enabled solutions for business-to-consumer transactions, leveraging its proprietary software platform, distributed through independent sales organizations (ISO), direct sales and vertically focused independent software vendor (ISV) channels. B2B Payables segment provides accounts payable (AP) automation solutions to corporations, software partners and industry financial institutions (FI), including Citibank and Mastercard. Enterprise Payments and BaaS segment provides embedded finance and BaaS solutions for customers to modernize legacy platforms and accelerate software partners' strategies to monetize payments.
PRIORITY TECHNOLOGY HOLDINGS, INC. 
