Charlotte headquarters defendant She saw her shares increased 24.59 % on Tuesday after she mentioned Fourth quarter results That topped the Wall Street estimates of revenues and profits.
The payment company, which is controlled by the private Access-KKR shares group of $ 257.9 million, has announced an annual increase of 56.5 %, which is largely driven by increasing bills and transactions. The consensus was 222 million dollars.
The total profit reached $ 66 million, an increase of 33.4 % on an annual basis. The average total profit reached $ 71.8 million, an increase of 32.4 % on an annual basis.
The company processed 166 million transactions in the fourth quarter, an increase of 33 %, over the previous year.
For the whole year, revenues amounted to $ 871.7 million, an increase of 41.9 % on an annual basis. The total profit reached $ 238.2 million, an increase of 30.6 % on an annual basis. The average total profit reached $ 259.6 million, an increase of 30.4 % on an annual basis.
The company has addressed 597 million transactions for the full year 2024, an increase of 30.3 % on an annual basis.
Paymentus also provided revenue directions 2025 ranging from $ 1.04 billion-1.06 billion dollars, compared to the consensus of $ 1.02 billion.
The shares were closed on Tuesday at $ 30.75, an increase of $ 6.07. The shares increased by 47.69 % last year, after trading between $ 16.94 and $ 38.94. It has a market value of $ 3.8 billion.
“Paymentus ended with quarterly results that exceeded our expectations across almost all aspects of our business. The fourth quarter revenues increased, the contribution and the modified Ebitda are 56.5 %, 30.0 % and 36.9 % on an annual basis, respectively. These results, along with our strong reservations and accumulation at the end of the year, give us confidence that we are in a good position to achieve strong growth in a year 2025, where we continue to implement on our long -term strategic goals, ”said Duchant Sharma, founder and CEO, in a statement.
The company started in 2004 and was obtained by Access-KKR in 2011. It was year for $ 21 in 2021. Access -kr controls about 75 % of the company’s voting power. The company transferred its headquarters from Redmond, Washington, to Charlotte in 2022.
Paymentus had 1,307 full -time employees as of December 31, and a few part -time employees. It includes more than 2,200 customers, facilities, and brand partners including PayPal, Walmart, CVS and Walgrens.