Christian Tömmel

paya holdings investor relations

ATLANTA, Nov. 09, 2020 (GLOBE NEWSWIRE) -- Paya Holdings Inc. (“Paya Holdings”, “Paya” or the “Company”) (NASDAQ: PAYA), a leading provider of integrated payment and commerce solutions, today reported financial results for its third quarter ended September 30, 2020. Payment volume was $8.7 billion, an increase of 7.6% from $8.0 billion for the third quarter of 2019. Gross profit was $25.9 million, resulting in a gross profit margin of 50.0%, as compared to $25.8 million with a gross profit margin of 51.0% for the third quarter of 2019. In addition, although other companies in our industry may report measures titled EBITDA, Adjusted EBITDA, and Adjusted Net Income or similar measures, such non-GAAP financial measures may be calculated differently from how we calculate non-GAAP financial measures, which reduces their overall usefulness as comparative measures. (h) Represents non-operational gains or losses, non-standard project expense, non-operational legal expense and other. On September 21, 2020, the Company entered into a purchase agreement with TPG Holdco, Inc. (“TPG”) to acquire TPG for an aggregate purchase price of approximately $21.0 million in cash. Ended September 30, 2020 with $32.3 million of cash and $229.3 million of gross debt. The financial information for the three and nine months ended September 30, 2020 and the three and nine months ended September 30, 2019 included in this press release reflects, and is based upon, information of Paya prior to giving effect to the business combination with FinTech Acquisition Corp. III Parent Corp. completed on October 16, 2020 (as further discussed below). You should not place undue reliance on such statements as we cannot assure you that future developments affecting us will be those that we have anticipated. (a) Represents acquisition related amortization expense. Upon completion of the business combination, the Company changed its name from FinTech Acquisition Corp. III Parent Corp. to Paya Holdings Inc., and its common stock and warrants began trading on the Nasdaq Stock Market under the ticker symbols “PAYA” and “PAYAW,” respectively, on October 19, 2020. Commerce Policy | (c) Represents costs associated with restructuring plans designed to streamline operations and reduce costs including costs associated with the relocation of headquarters from Reston, VA to Atlanta, GA and certain staff restructuring charges, including severance. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. (e) Represents costs incurred to retire certain tools, applications and services that are no longer in use. (g) Represents non-operational gains or losses, non-standard project expense, non-operational legal expense and other. (e) Represents advisory fees associated with the former owner that we will not be required to pay post public transaction. ATLANTA, Nov. 09, 2020 (GLOBE NEWSWIRE) -- Paya Holdings Inc. (“Paya Holdings”, “Paya” or the “Company”) (NASDAQ: PAYA), a leading provider of integrated payment and commerce solutions, today reported financial results for its third quarter ended September 30, 2020. Vernon, OH, and Dallas, TX. We also executed well against our key growth initiatives, including strong progress implementing significant new partnerships; key wins in the education and healthcare verticals; and our acquisition of The Payment Group, a leading integrated payment provider focused on the local government and municipality sectors, which closed on October 1st. We have included Payment volume, Adjusted EBITDA, Reconciliation of Net income, (loss) to Adjusted Net Income, Segment gross profit (revenue less cost of services excluding depreciation and amortization) and Segment gross profit margin, which are measurements not calculated in accordance with US GAAP, in the discussion of our financial results because they are key metrics used by management to assess financial performance. (d) Represents costs incurred to retire certain tools, applications and services that are no longer in use. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). All rights reserved. (d) Represents costs associated with restructuring plans designed to streamline operations and reduce costs including costs associated with the relocation of headquarters from Reston, VA to Atlanta, GA and certain staff restructuring charges, including severance. TPG specializes in providing integrated payments solutions to local municipalities for court, utility, license and permit payments. Because of these limitations, you should consider EBITDA, Adjusted EBITDA and Adjusted Net Income alongside other financial performance measures, including net income and our other financial results presented in accordance with GAAP. Adjusted EBITDA was $13.5 million, an increase of 10.7% from $12.2 million for the third quarter of 2019. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Adjusted EBITDA represents earnings before interest expense, income taxes, depreciations, and amortization, or EBITDA and further adjustments to EBITDA to exclude certain non-cash items and other non-recurring items that management believes are not indicative of ongoing operations to come to Adjusted EBITDA. Vernon, OH and Dallas, TX. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. However, EBITDA, Adjusted EBITDA, and Adjusted Net Income are not financial measures calculated in accordance with GAAP and should not be considered as a substitute for net income, income before income taxes, or any other operating performance measure calculated in accordance with GAAP. Our results this quarter, as well our year-to-date performance, demonstrate the power and durability of integrated payments, particularly in our attractive end markets,” said Jeff Hack, CEO of Paya. (a) Represents professional service fees related to business combinations such as legal fees, consulting fees, accounting advisory fees, and other costs. Paya serves more than 100,000 customers through over 2,000 key distribution partners focused on targeted, high growth verticals such as healthcare, education, non-profit, government, utilities, and other B2B goods and services. The Company discloses EBITDA, Adjusted EBITDA, and Adjusted Net Income because these non-GAAP measures are key measures used by its management to evaluate our business, measure its operating performance and make strategic decisions. Announces Third Quarter 2020 Results. Certain statements made in this press release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. The conference call will be available by live webcast through the Investors section of Paya’s website at www.Paya.com or by dialing in as follows: Domestic: 1-833-665-0668 Forward-looking statements in this press release may include, for example, statements about the benefits of the Business Combination and the future financial performance. Matt Humphries Joins Leading Integrated Payments Provider Paya as Head of Investor Relations. To the extent required, statements disclosing the definitions, utility and purposes of these measures are also set forth herein. Investor Relations About us Paya is a leading provider of integrated payment and frictionless commerce solutions that help customers accept and make payments, expedite receipt of money, and increase operating efficiencies. Adjusted Net Income represents net income (loss) adjusted to exclude amortization and certain non-cash items and other non-recurring items that management believes are not indicative of ongoing operations to come to Adjusted Net Income. In this role, Humphries will be responsible for communicating the vision and value of Paya’s integrated payments model and technology with shareholders, analysts, and the broader financial community. “As Paya begins a new chapter as a publicly-traded company, we are pleased to report solid third quarter financial results that reflect strong execution of our growth strategy. Cautionary Statement Regarding Forward Looking Statements. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. (f) Expenses related to carving out the entity from former Corporate owner Sage PLC including rebranding, technology implementation, consulting and transitional service agreement expenses. Paya is a leading provider of integrated payment and frictionless commerce solutions that help customers accept and make payments, expedite receipt of money, and increase operating efficiencies.

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, Owner: Christian Tömmel (Registered business address: Germany), processes personal data only to the extent strictly necessary for the operation of this website. All details in the privacy policy.
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, Owner: Christian Tömmel (Registered business address: Germany), processes personal data only to the extent strictly necessary for the operation of this website. All details in the privacy policy.