Financial Data and Key Metrics Changes - In Q3 2024, the company reported revenue of $227 million, an increase of over 20% from the prior year, with adjusted gross profit rising to $86 million and adjusted EBITDA improving by 22% to $54.6 million [11][12][38] - The adjusted gross profit margin decreased by 40 basis points to 37.9%, primarily due to the Plastiq acquisition, but excluding this impact, margins actually increased by 16 basis points year-over-year [12][22] - Full year revenue guidance has been raised to $875 to $883 million, reflecting a 16% increase over 2023, while adjusted EBITDA guidance has been increased to $200 million to $204 million, representing an 18% to 21% increase over 2023 [13][44] Business Line Data and Key Metrics Changes - The SMB segment generated Q3 revenue of $158.8 million, up 13.2% year-over-year, with bank card dollar volume increasing to $15.5 billion [26][27] - The B2B segment saw revenue of $22.1 million, a 58.3% increase, with Plastiq contributing $8 million to this growth [30] - The enterprise segment reported Q3 revenue of $47.1 million, a 33.9% increase, with adjusted gross profit margins at 93.6% [33][35] Market Data and Key Metrics Changes - The company processed nearly $127 billion in annual transaction volume over the past 12 months, with over 1.1 million customer accounts on its commerce platform [10] - The recurring nature of the business model remains strong, with 60% of adjusted gross profit in Q3 coming from monthly fees or revenues not dependent on transactions [21] Company Strategy and Development Direction - The company is focused on continued innovation in its SaaS payments and banking solutions, leveraging the Priority commerce engine to meet evolving customer needs [18][56] - The strategy includes capitalizing on market trends and enhancing the unified commerce platform to provide comprehensive financial solutions [48][52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning regardless of political changes, noting potential regulatory easing in certain sectors [60] - The outlook for 2025 includes expectations for continued high growth in the B2B segment and opportunities in embedded finance, which have not yet been fully reflected in financial projections [62][66] Other Important Information - The company ended Q3 with total debt of $832.9 million and net debt of $791.8 million, with $70 million of borrowing capacity available under a revolving credit facility [40] - The preferred stock on the balance sheet totaled $105.1 million, with a reduced quarterly dividend of $4.8 million due to a recapitalization effort [41][42] Q&A Session Summary Question: Impact of election results on outlook - Management indicated that the change in administration does not alter their outlook, suggesting potential regulatory easing could provide a tailwind for certain segments [60] Question: Revenue drivers for 2025 - Management highlighted the B2B segment's growth and the adoption of working capital solutions as key revenue drivers, with embedded finance presenting additional upside opportunities [62][63] Question: Trends in enterprise segment enrollments - Management confirmed strong trends in the enterprise segment, with consistent year-over-year growth in enrollments [70] Question: EBITDA to cash flow conversion and leverage reduction strategies - Management is continuously evaluating opportunities to optimize the balance sheet and reduce leverage, with no imminent asset sales planned [72][73] Question: Competitive landscape in SMB - Management expressed confidence in gaining market share in the SMB segment, driven by strong reseller relationships and the adoption of new products [88][90]

Priority Technology Holdings, Inc. (NASDAQ:PRTH) Q1 2024 Earnings Conference Call May 9, 2024 11:00 AM ET Company Participants Chris Kettmann - Investor Relations Tom Priore - Chairman & Chief Executive Officer Tim O'Leary - Chief Financial Officer Conference Call Participants Tim Switzer - KBW Jacob Stephan - Lake Street Operator Good day, and welcome to the Priority Technology First Quarter 2024 Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, today's eve ...

(Former name, former address and former fiscal year, if changed since last report) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37872 Priority Technology Holdings, Inc. (Exact name of ...

EXHIBIT 99.1 Priority Investor Inquiries: Chris Kettmann chris.kettmann@dentonsglobaladvisors.com (773) 497-7575 Priority Technology Holdings, Inc. Announces First Quarter Financial Results Strong First Quarter Growth Driven by Performance Across Unified Commerce Platform ALPHARETTA, GA - May 9, 2024 -- Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company"), the platform for unified commerce that delivers integrated payments and banking services at scale, today announced its first q ...

Priority Technology Holdings, Inc. (NASDAQ:PRTH) Q4 2023 Earnings Conference Call March 12, 2024 11:00 AM ET Company Participants Chris Kettmann - Investor Relations Thomas Priore - Chief Executive Officer Tim O'Leary - Chief Financial Officer Conference Call Participants Jacob Stephan - Lake Street Capital Markets Tim Switzer - KBW Brian Kinstlinger - Alliance Global Partners Harold Goetsch - B. Riley Operator Good morning and welcome to the Priority Technology Holdings' Fourth Quarter and 2023 Earnings Co ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to __________ Commission file number: 001-37872 Priority Technology Holdings, Inc. (Exact name of registrant as specified in its charter) | Delaware | | 47-4257046 ...

EXHIBIT 99.1 Priority Investor Inquiries: Chris Kettmann chris.kettmann@dentonsglobaladvisors.com (773) 497-7575 • Revenue of $199.3 million increased 12.2% from $177.6 million • Adjusted gross profit (a non-GAAP measure ) of $72.9 million increased 19.5% from $61.0 million 1 • Adjusted gross profit margin (a non-GAAP measure ) of 36.6% increased 230 basis points from 34.3% 1 • Operating income of $22.0 million increased 21.1% from $18.2 million • Adjusted EBITDA (a non-GAAP measure ) of $44.6 million incre ...

Financial Data and Key Metrics Changes - Q3 2023 revenue reached $189 million, a 14% increase from the prior year, with adjusted gross profit rising 23.6% to $72.3 million and adjusted EBITDA improving by 28% to $45 million [5][13][27] - Year-to-date revenue increased 14.4% to $556.3 million, leading to a 22% gain in adjusted gross profit to $202.4 million and a 23% increase in adjusted EBITDA [13][27] - Adjusted gross profit margin improved by 310 basis points to 38.3% in Q3 2023 [5] Business Line Data and Key Metrics Changes - SMB segment generated Q3 revenue of $140.1 million, a slight increase of $0.2 million year-over-year, but faced a $15 million headwind due to a large reseller's diversification strategy [8][16] - B2B payments revenue surged to $13.8 million, a 182% increase, largely driven by the acquisition of Plastiq, contributing $10 million to the increase [19] - Enterprise segment revenue grew by 63% to $35.1 million, with adjusted gross profit increasing by 66% to $33.1 million and gross profit margins improving to over 94% [21] Market Data and Key Metrics Changes - Total accounts on the commerce platform exceeded 820,000, processing over $118 billion in transaction volume over the last 12 months [5] - Average daily deposits surpassed $850 million [5] Company Strategy and Development Direction - The company is focused on a unified commerce vision, combining payments and banking on a single platform, which is expected to benefit from higher interest rates and current macroeconomic conditions [12][14] - The integration of Plastiq is seen as a significant contributor to revenue growth and operational efficiency [6][19] - The company aims to continue innovating its SaaS payment suite and enhancing the Passport financial tools to meet evolving customer needs [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to maintain strong performance despite macroeconomic challenges, emphasizing the value customers see in their product offerings [6][12] - The company anticipates a strong finish to 2023, projecting full-year revenue between $755 million and $765 million, reflecting a 15% increase over 2022 [13][27] - Adjusted EBITDA guidance for the full year has been increased to a range of $167 million to $170 million, representing over 20% growth from 2022 [27] Other Important Information - The company reported a significant increase in operating expenses, with salaries and benefits rising 23% year-over-year, primarily due to the acquisition of Plastiq [22][23] - Debt levels increased to $639.1 million due to the Plastiq acquisition, with net debt rising by $19.4 million [24][25] Q&A Session Summary Question: Pricing dynamics in the payment space - Management highlighted that the unified commerce approach helps insulate the company from pricing pressures faced by peers, emphasizing the comprehensive tools provided to customers [36][37] Question: Future revenue and EBITDA expectations - Management indicated that double-digit growth in both top line and bottom line is a fair expectation, with current guidance seen as conservative [39][40] Question: Impact of interest rates on enterprise revenue - Management noted that interest income from deposit balances significantly contributes to enterprise revenue, with high margins expected to continue [41] Question: Performance of Plastiq and B2B segment - Management confirmed that Plastiq's integration has led to breakeven EBITDA, with further growth opportunities anticipated [45][48] Question: SMB segment headwinds - Management acknowledged ongoing headwinds from the large reseller's diversification strategy but noted strong adoption trends among new resellers [49][50] Question: Merchant acquisition trends - Management reported adding 116 new resellers year-to-date, with expectations for modest upward impacts on merchant counts [56][62]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Priority Technology Holdings, Inc. Commission file number: 001-37872 Priority Technology Holdings, Inc. (Exact name of registrant as specified in its charter) Del ...

Priority Technology Holdings, Inc. (PRTH Q2 2023 Earnings Conference Call August 10, 2023 11:00 AM ET Company Participants Chris Kettmann - Investor Relations Tom Priore - Chairman & Chief Executive Officer Tim O'Leary - Chief Financial Officer Conference Call Participants Brian Kinstlinger - Alliance Global Partners Jacob Stephan - Lake Street Hal Goetsch - B. Riley Securities Operator Good morning, and welcome to the Priority Technology Holdings Second Quarter 2023 Earnings Conference Call. All participan ...