Priority Technology (US:PRTH)2022-03-17 15:17Financial Performance Highlights - Fourth quarter revenue increased by 357% to $1440 million from $1061 million in Q4 2020[39] - Gross profit increased by 498% to $487 million from $325 million in Q4 2020[39] - Adjusted EBITDA increased by 808% to $329 million from $182 million in Q4 2020[39] - Full year Adjusted EBITDA increased 370% to $963 million from $703 million[59] - The company forecasts revenue between $650 million and $665 million for 2022, representing a growth rate of 26% to 29%[73] - Adjusted EBITDA is projected to range from $145 million to $150 million in 2022, indicating a growth rate of 51% to 56%[73] Segment Performance - SMB revenue increased by 197% to $1215 million from $1015 million[41] - B2B revenue increased by 385% to $54 million from $39 million[44] - Enterprise revenue increased significantly by $164 million to $171 million from $07 million, primarily due to the acquisition of CFT Pay (Finxera)[44] - CPX revenue within B2B segment increased by 733% to $26 million from $15 million[44] Key Metrics - Merchant bankcard processing dollar value for SMB payments increased by 251% to $138478 million in Q4 2021 compared to $110708 million in Q4 2020[42] - Merchant bankcard transaction volume for SMB payments increased by 223% to 1471 million in Q4 2021 compared to 1203 million in Q4 2020[42]