REPAY Expects Full Year 2024 Revenue of $314M-$320M, Est $318.98M
Portfolio Pulse from Benzinga Newsdesk
REPAY projects its full-year 2024 revenue to be between $314M and $320M, closely aligning with the estimated $318.98M. The company anticipates its Adjusted EBITDA to increase at a faster rate than gross profit and plans to cut capital expenditures to boost cash conversion.

February 29, 2024 | 10:08 pm
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REPAY expects its 2024 revenue to range between $314M and $320M, aligning with analyst estimates. The company also plans to reduce capital expenditures, which is anticipated to accelerate cash conversion.
REPAY's revenue projection closely matches analyst estimates, which could instill confidence in investors about the company's growth trajectory. The plan to reduce capital expenditures and accelerate cash conversion is likely to be viewed positively, as it suggests efficient capital management and potentially improved profitability. These factors combined are expected to have a positive short-term impact on RPAY's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90