Repay (US:RPAY)2021-05-12 22:46Q1 2021 Financial Performance - Card Payment Volume reached $4614 million, a 20% increase compared to $38615 million in Q1 2020[15] - Total Revenue increased by 20% to $475 million in Q1 2021, up from $395 million in Q1 2020[15] - Gross Profit grew by 22% to $350 million in Q1 2021, compared to $287 million in Q1 2020[15] - Adjusted EBITDA increased by 18% to $205 million in Q1 2021, from $174 million in Q1 2020[15] Liquidity and Leverage - As of April 30, 2021, REPAY had a strong liquidity position with $118 million in cash on hand and $125 million in revolver capacity, resulting in a total liquidity of $243 million[21] - Net Debt stood at $322 million, with a Pro Forma Net Leverage of 29x[22] Strategy and Outlook - REPAY updated its FY 2021 outlook, projecting Card Payment Volume between $199 billion and $204 billion[39] - The company anticipates Total Revenue in the range of $210 million to $220 million for FY 2021[39] - REPAY expects Gross Profit to be between $159 million and $165 million, and Adjusted EBITDA between $91 million and $96 million for FY 2021[39] B2B Payments Business - REPAY's B2B payments business has a total addressable market of $34 trillion in the healthcare segment[35]