Paymentus Q2 Revenue Jumps 29%, Beats Estimates; Guides Q3 Above Views
PAY sits 86% above its 52-week low of $20.11.
Summary
Paymentus delivered a strong Q2 with revenue of $360.74M, up 29% YoY and well above the $345.43M consensus. Adjusted EPS of $0.25 beat by $0.06. Growth was fueled by a 21% increase in transactions to 213.4M and more billers on the platform. Q3 guidance calls for revenue of $353M-$363M and adjusted EBITDA of $40M-$45M, both ahead of expectations. The stock is trading near its 52-week high, and this print reinforces the momentum. The results follow a series of insider selling disclosures in late July, but those were under pre-existing 10b5-1 plans and don't detract from the operational beat.
At the time of this announcement, PAY was trading at $37.50 on NYSE in the Technology sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $20.11 to $39.38. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.