By Katherine Hamilton
Repay Holdings has begun a strategic review to consider options including a merger, sale or privatization.
The payment technology platform said Monday it is aiming to improve value for shareholders. It hasn't set a deadline for when the review will be completed and doesn't intend to comment further or provide updates until the review is done.
In the fourth quarter, Repay's revenue edged up 3% to $78.3 million, below analysts' expectations of $82.3 million. Profit increased 2% to $23.2 million, in line with estimates.
Revenue from consumer payments fell 7% to $76.5 million.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
March 03, 2025 16:50 ET (21:50 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.