Priority Technology Holdings Inc. (NASDAQ: PRTH) saw its shares plummet over 10% in pre-market trading on Thursday, despite reporting solid financial results for the fourth quarter and full year 2024, along with a positive outlook for the current fiscal year.

For the fourth quarter, Priority Technology's revenue rose 13.9% year-over-year to $227.1 million, while adjusted EBITDA increased 16% to $51.7 million, driven by continued momentum across the company's SMB Payments, B2B Payments, and Enterprise Payments segments. Net income for the quarter stood at $7.2 million.

The full-year 2024 results were equally impressive, with revenue growing 16.4% to $879.7 million and adjusted EBITDA advancing 21.3% to $204.3 million. The company recorded a net income of $24.0 million for the year.

Looking ahead, Priority Technology provided robust guidance for fiscal 2025, forecasting revenue in the range of $965 million to $1 billion, representing a growth rate of 10% to 14% compared to 2024. Adjusted EBITDA is expected to range between $220 million and $230 million, reflecting an 8% to 13% increase from the previous year.

Despite the strong performance and positive outlook, the stock's pre-market plunge suggests that investors may have initially overreacted to the news. With the company's continued growth across its diverse business segments and a promising guidance, the sell-off could present an opportunity for investors to reassess Priority Technology's prospects.