Docoh
Loading...

RPAY Repay

REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers and businesses.

Company profile

Ticker
RPAY
Exchange
Website
CEO
John Morris
Employees
Incorporated
Location
Fiscal year end
Former names
Thunder Bridge Acquisition Ltd
SEC CIK
Subsidiaries
Hawk Buyer Holdings LLC • Hawk Intermediate Holdings LLC • Hawk Parent Holdings LLC • M & A Ventures, LLC • Marlin Acquirer LLC • Mesa Acquirer LLC • REPAY Canada Solutions ULC • Repay Holdings, LLC • REPAY International LLC • Repay Management Holdco Inc. ...

RPAY stock data

(
)

Calendar

9 Aug 21
22 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Repay earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 140.54M 140.54M 140.54M 140.54M 140.54M 140.54M
Cash burn (monthly) 89.97M 3.26M 5.82M 5.81M (positive/no burn) (positive/no burn)
Cash used (since last report) 338.78M 12.29M 21.92M 21.88M n/a n/a
Cash remaining -198.24M 128.25M 118.61M 118.66M n/a n/a
Runway (months of cash) -2.2 39.3 20.4 20.4 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Oct 21 Kirk Jason Class A Common Stock Payment of exercise Dispose F No No 21.85 771 16.85K 164,953
22 Oct 21 Jacob Hamilton Moore Class A Common Stock Payment of exercise Dispose F No No 22.42 804 18.03K 207,227
22 Oct 21 Jackson Michael Frank Class A Common Stock Payment of exercise Dispose F No No 21.85 707 15.45K 89,449
22 Oct 21 Sullivan Thomas Eugene Class A Common Stock Payment of exercise Dispose F No No 22.42 317 7.11K 69,220
22 Oct 21 Perlmutter Susan Class A Common Stock Payment of exercise Dispose F No No 21.85 558 12.19K 175,793

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

?
Risks
  • Unauthorized disclosure of merchant or consumer data, whether through breach of our computer systems, computer viruses, or otherwise, could expose us to liability and protracted and costly litigation, and damage our reputation.
  • If we cannot keep pace with rapid developments and changes in our industry, the use of our products and services could decline, causing a reduction in our revenues.
  • If our vertical markets do not increase their acceptance of electronic payments or if there are adverse developments in the electronic payment industry in general, our business, financial condition and results of operations may be adversely affected.
  • If we fail to comply with the applicable requirements of payment networks and industry self-regulatory organizations, those payment networks or organizations could seek to fine us, suspend us or terminate our registrations through our sponsor banks.
  • We rely on sponsor banks in order to process electronic payment transactions, and such sponsor banks have substantial discretion with respect to certain elements of our business practices. If these sponsorships are terminated and we are not able to secure new sponsor banks, we will not be able to conduct our business.
  • To acquire and retain customers, we depend on our software integration partners that integrate our services and solutions into software used by our customers.
  • Failure to effectively manage risk and prevent fraud could increase our chargeback liability and other liability.
  • We receive savings related to favorable pricing on interchange and other payment network fees. To the extent we cannot maintain such savings and cannot pass along any corresponding increases in such fees to our customers, our operating results and financial condition may be materially adversely affected.
  • Our systems and those of our third-party providers may fail due to factors beyond our control, which could interrupt our service, resulting in our inability to process payments or provide ancillary services, loss of business, increase in costs and exposure to liability.
  • We rely on other service and technology providers. If such providers fail in or discontinue providing their services or technology to us, our ability to provide services to customers may be interrupted, and, as a result, our business, financial condition and results of operations could be adversely impacted.
  • We are subject to economic and political risk, the business cycles of our customers and software integration partners and the overall level of consumer and commercial spending, which could negatively impact our business, financial condition and results of operations.
  • Our risk management policies and procedures may not be fully effective in mitigating our risk exposure in all market environments or against all types of risks.
  • We may not be able to continue to expand our share in our existing vertical markets or continue to expand into new vertical markets, which would inhibit our ability to grow and increase our profitability.
  • We may not be able to successfully manage our intellectual property and may be subject to infringement claims.
  • The loss of key personnel or the loss of our ability to attract, recruit, retain and develop qualified employees, could adversely affect our business, financial condition and results of operations.
  • We have been the subject of various claims and legal proceedings and may become the subject of claims, litigation or investigations which could have a material adverse effect on our business, financial condition or results of operations.
  • We and our customers are subject to extensive government regulation, and any new laws and regulations, industry standards or revisions made to existing laws, regulations or industry standards affecting our business, our customers’ businesses or the electronic payments industry, or our or our customers’ actual or perceived failure to comply with such obligations, may have an unfavorable impact on our business, financial condition and results of operations.
  • The businesses of many of our customers are strictly regulated in every jurisdiction in which they operate, and such regulations, and our customers’ failure to comply with them, could have an adverse effect on our customers’ businesses and, as a result, our results of operations.
  • We must comply with laws and regulations prohibiting unfair or deceptive acts or practices, and any failure to do so could materially and adversely affect our business.
  • Governmental regulations designed to protect or limit access to or use of consumer information could adversely affect our ability to effectively provide our products and services.
  • Changes in tax laws or their judicial or administrative interpretations, or becoming subject to additional U.S., state or local taxes that cannot be passed through to our customers, could negatively affect our business, financial condition and results of operations.
  • We are no longer an “emerging growth company” and are therefore subject to the auditor attestation requirement in the assessment of our internal controls over financial reporting and certain other increased disclosure and governance requirements.
  • Failure to maintain effective systems of internal and disclosure control could have a material adverse effect on our results of operation and financial condition.
  • Our level of indebtedness could adversely affect our ability to meet our obligations under our indebtedness, react to changes in the economy or our industry and to raise additional capital to fund operations.
  • Future operating flexibility is limited by the restrictive covenants in the Amended Credit Agreement, and we may be unable to comply with all covenants in the future.
  • We may not have the ability to raise the funds necessary to settle conversions of the 2026 Notes, or to repurchase the 2026 Notes upon a fundamental change, and our future debt may contain, limitations on our ability to pay cash upon conversion or repurchase of the 2026 Notes.
  • The conditional conversion feature of the 2026 Notes, if triggered, may adversely affect our financial condition and operating results.
  • Provisions in the indenture could delay or prevent an otherwise beneficial takeover of the Company
  • We are a holding company and our only material asset is our interest in Hawk Parent, and we are accordingly dependent upon distributions made by our subsidiaries to pay taxes, make payments under the Tax Receivable Agreement, meet our financial obligations under the 2026 Notes and pay dividends.
  • In certain cases, payments under the Tax Receivable Agreement may exceed the actual tax benefits we realize or be accelerated.
  • Future issuances or sales of substantial amounts of our Class A common stock in the public market, or the perception that such issuances or sales may occur, could cause the market price for our Class A common stock to decline.
  • Our stock price may be volatile, which could negatively affect our business and operations.
  • Because we do not currently intend to pay dividends, holders of our Class A common stock will benefit from an investment in our Class A common stock only if it appreciates in value.
Management Discussion
  • For purposes of this results of operations discussion, we have combined the results of the Predecessor for the period from January 1, 2019 to July 10, 2019 with the results of the Successor for the period from July 11, 2019 to December 31, 2019 (“2019 combined period”).
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: Blue, BT, Clear, Cow, creating, deductible, default, delivery, event, fundamental, Harbor, Hoot, Internet, issuable, Kontrol, license, maintenance, Nasdaq, opening, owner, PCS, power, seller, standalone, step, stream, support
Removed: bear, develop