Priority Technology Reiterated FY24 Revenue of $875M-$890M Vs $873.51M Est

5/9/24 8:04:09 AM ET

$PRTH

Business Services

Consumer Discretionary

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Full Year 2024 Financial Guidance

Priority's outlook remains strong and we are reaffirming our full year 2024 guidance:

Revenue forecast to range between $875 million to $890 million, a growth rate of 16% to 18%, compared to fiscal 2023 results
Adjusted EBITDA (a non-GAAP measure) forecast to range between $193 million to $198 million, a growth rate of 15% to 18% compared to fiscal 2023 results
Adjusted gross profit (a non-GAAP measure) forecast to range between $325 million and $335 million, a growth rate of 18% to 22% compared to fiscal 2023 results

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Recent Analyst Ratings for
$PRTH

Date	Price Target	Rating	Analyst
12/15/2023	$5.00 → $10.00	Neutral → Buy	B. Riley Securities
10/16/2023	$4.50	Mkt Perform	Keefe Bruyette
7/31/2023	$7.00	Buy	Lake Street
6/23/2023	$5.00	Neutral	B. Riley Securities
3/30/2022	$14.00	Buy	B. Riley Securities

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$PRTH
Financials

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Priority Technology Holdings, Inc., Announces Redemption of Preferred Stock and Simplified Capital Structure
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the payments and banking solution that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, today announced the successful redemption in full of the remaining preferred stock on its balance sheet. The redemption was completed with proceeds from a $115 million increase to its existing term loan due May 2031. The redemption totaled $113.3 million, including accrued but unpaid dividends of $2.6 million. The redemption of the remaining preferred stock follows Priority's establishment of a new $835 million term loan and concurrent redemption of approximately $170 million of pr
11/21/24 9:46:00 AM ET
$PRTH
Business Services
Consumer Discretionary
Priority Technology Holdings, Inc. Announces Third Quarter Financial Results
Strong Third Quarter Growth Driven by Performance Across Unified Commerce Platform Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the payments and banking fintech that streamlines collecting, lending, and sending money to unlock revenue opportunities, today announced its third quarter 2024 financial results including strong year-over-year diversified revenue growth. Highlights of Consolidated Results Third Quarter 2024 Compared with Third Quarter 2023 Financial highlights of the third quarter of 2024 compared with the third quarter of 2023, are as follows1: Revenue of $227.0 million increased 20.1% from $189.0 million Adjusted gross profit (a non-GAA
11/7/24 7:30:00 AM ET
$PRTH
Business Services
Consumer Discretionary
Priority Technology Holdings, Inc. Announces Third Quarter 2024 Financial Results Release Date and Conference Call Information
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the payments and banking fintech that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, today announced that it will release its third quarter 2024 financial results before financial markets open on Thursday, November 7, 2024. In addition, the Company will host a conference call and webcast to review its financial and operating results. A question-and-answer session will follow. Third Quarter 2024 Conference Call Thursday, November 7, 2024 11:00 a.m. Eastern Time Phone: US/Canada: (833) 636-1319 or International: (412) 902-4286 Internet webcast link and accompanying s
10/24/24 4:05:00 PM ET
$PRTH
Business Services
Consumer Discretionary

$PRTH
Press Releases

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Priority Technology Holdings, Inc., Announces Redemption of Preferred Stock and Simplified Capital Structure
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the payments and banking solution that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, today announced the successful redemption in full of the remaining preferred stock on its balance sheet. The redemption was completed with proceeds from a $115 million increase to its existing term loan due May 2031. The redemption totaled $113.3 million, including accrued but unpaid dividends of $2.6 million. The redemption of the remaining preferred stock follows Priority's establishment of a new $835 million term loan and concurrent redemption of approximately $170 million of pr
11/21/24 9:46:00 AM ET
$PRTH
Business Services
Consumer Discretionary
Priority Technology Holdings, Inc. Announces Third Quarter Financial Results
Strong Third Quarter Growth Driven by Performance Across Unified Commerce Platform Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the payments and banking fintech that streamlines collecting, lending, and sending money to unlock revenue opportunities, today announced its third quarter 2024 financial results including strong year-over-year diversified revenue growth. Highlights of Consolidated Results Third Quarter 2024 Compared with Third Quarter 2023 Financial highlights of the third quarter of 2024 compared with the third quarter of 2023, are as follows1: Revenue of $227.0 million increased 20.1% from $189.0 million Adjusted gross profit (a non-GAA
11/7/24 7:30:00 AM ET
$PRTH
Business Services
Consumer Discretionary
Priority Technology Holdings, Inc. Announces Third Quarter 2024 Financial Results Release Date and Conference Call Information
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the payments and banking fintech that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, today announced that it will release its third quarter 2024 financial results before financial markets open on Thursday, November 7, 2024. In addition, the Company will host a conference call and webcast to review its financial and operating results. A question-and-answer session will follow. Third Quarter 2024 Conference Call Thursday, November 7, 2024 11:00 a.m. Eastern Time Phone: US/Canada: (833) 636-1319 or International: (412) 902-4286 Internet webcast link and accompanying s
10/24/24 4:05:00 PM ET
$PRTH
Business Services
Consumer Discretionary

$PRTH
Leadership Updates

Live Leadership Updates

Priority Technology Holdings, Inc. Appoints Marc Crisafulli to Board of Directors
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the platform for unified commerce that delivers integrated payments and banking at scale, today announced that its Board has appointed Marc Crisafulli as Director. Crisafulli is an experienced executive and has over 30 years in legal, compliance and regulatory governance roles with various companies. In his most recent role, Crisafulli served as Executive Vice President, Government Relations, Legal and Regulatory at Bally's Corporation. Prior to that, Mr. Crisafulli held senior leadership roles with Brightstar Corporation and Suffolk Construction Company and was managing partner at Hinkley Allen & Snyder. "Mar
11/10/22 4:00:00 PM ET
$PRTH
Business Services
Consumer Discretionary
Priority Technology Holdings, Inc. Announces Appointment of Chief Financial Officer
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), a leading payments technology company delivering unified commerce solutions through its payments and banking as a service platform, is pleased to announce the appointment of Tim O'Leary to the position of Chief Financial Officer (CFO). Mr. O'Leary replaces Mike Vollkommer, who will retire on September 16. "We are excited to have Tim join Priority. His deep experience raising capital for technology companies, coupled with his extensive financial expertise and leadership, make him an excellent fit for this key role at Priority as we continue to achieve great results and execute on our transformative growth strate
9/7/22 7:00:00 AM ET
$PRTH
Business Services
Consumer Discretionary
Priority Technology Holdings, Inc. Announces Retirement of Chief Financial Officer
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), a leading payments technology company helping customers collect, store and send money, today announced the retirement of Michael Vollkommer, its Chief Financial Officer (CFO). Mr. Vollkommer, who has been the Company's Chief Financial Officer since December 2018, will retire from Priority on September 1, 2022. Subsequently, Mr. Vollkommer will remain with the Company in an advisory capacity to ensure a smooth transition and to assist in executing strategic projects going forward. The Company has begun its search for Mr. Vollkommer's replacement and expects to name the next CFO during the third quarter. "On beh
5/13/22 4:30:00 PM ET
$PRTH
Business Services
Consumer Discretionary

Priority Technology Reiterated FY24 Revenue of $875M-$890M Vs $873.51M Est

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Recent Analyst Ratings for $PRTH

$PRTH Financials

Live finance-specific insights

Priority Technology Holdings, Inc., Announces Redemption of Preferred Stock and Simplified Capital Structure

Priority Technology Holdings, Inc. Announces Third Quarter Financial Results

Priority Technology Holdings, Inc. Announces Third Quarter 2024 Financial Results Release Date and Conference Call Information

$PRTH SEC Filings

Priority Technology Holdings Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Other Events, Financial Statements and Exhibits

SEC Form 10-Q filed by Priority Technology Holdings Inc.

Priority Technology Holdings Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

$PRTH Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Strategy Officer Kiewiet Sean sold $54,100 worth of shares (10,000 units at $5.41), decreasing direct ownership by 0.95% to 1,045,158 units (SEC Form 4)

Chief Strategy Officer Kiewiet Sean sold $51,917 worth of shares (10,000 units at $5.19), decreasing direct ownership by 0.94% to 1,055,158 units (SEC Form 4)

Chief Strategy Officer Kiewiet Sean sold $26,898 worth of shares (4,483 units at $6.00), decreasing direct ownership by 0.42% to 1,065,158 units (SEC Form 4)

$PRTH Large Ownership Changes

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Amendment: SEC Form SC 13D/A filed by Priority Technology Holdings Inc.

Amendment: SEC Form SC 13D/A filed by Priority Technology Holdings Inc.

SEC Form SC 13G filed by Priority Technology Holdings Inc.

$PRTH Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

President, CEO and Chairman Priore Thomas Charles bought $2,129,546 worth of shares (598,187 units at $3.56), increasing direct ownership by 2% to 34,319,476 units (SEC Form 4)

O'Leary Tim bought $41,000 worth of shares (10,000 units at $4.10), increasing direct ownership by 20% to 59,752 units (SEC Form 4)

$PRTH Press Releases

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Priority Technology Holdings, Inc., Announces Redemption of Preferred Stock and Simplified Capital Structure

Priority Technology Holdings, Inc. Announces Third Quarter Financial Results

Priority Technology Holdings, Inc. Announces Third Quarter 2024 Financial Results Release Date and Conference Call Information

$PRTH Leadership Updates

Live Leadership Updates

Priority Technology Holdings, Inc. Appoints Marc Crisafulli to Board of Directors

Priority Technology Holdings, Inc. Announces Appointment of Chief Financial Officer

Priority Technology Holdings, Inc. Announces Retirement of Chief Financial Officer

$PRTH Analyst Ratings

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Priority Technology Holdings upgraded by B. Riley Securities with a new price target

Keefe Bruyette initiated coverage on Priority Technology Holdings with a new price target

Lake Street initiated coverage on Priority Technology Holdings with a new price target

$PRTH Market Insights

Live Market Insights

Priority Technology Reiterated FY24 Revenue of $875M-$890M Vs $873.51M Est

Priority Tech Holdings Q1 2024 GAAP EPS $(0.10) Misses $(0.09) Estimate, Sales $205.719M Miss $210.137M Estimate

Priority And Ahrvo Labs Announce Strategic Technology Partnership

Recent Analyst Ratings for
$PRTH

$PRTH
Financials

$PRTH
SEC Filings

$PRTH
Insider Trading

$PRTH
Large Ownership Changes

$PRTH
Insider Purchases

$PRTH
Press Releases

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Leadership Updates

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$PRTH
Market Insights