Paymentus Holdings, Inc. (PAY) announced an increased profit for its fourth quarter, surpassing the projected estimates from the previous year.
This quarter, the firm logged earnings of $9.4 million, equating to $0.08 per share, a substantial rise from last year's fourth quarter when the earnings were $1 million, or $0.01 per share.
When eliminating certain factors, the adjusted earnings of Paymentus Holdings, Inc. for this period was reported as $13.9 million or $0.11 per share.
The average analyst expectation, based on data gathered by Thomson Reuters, had predicted the company to earn $0.07 per share. It should be noted that these estimates typically do not include exceptional items.
As for the company's quarterly revenue, it witnessed a growth of 24.7%, climbing from $132.2 million last year to hit $164.8 million.
Here's a brief overview of Paymentus Holdings, Inc.'s earnings based on Generally Accepted Accounting Principles (GAAP):
- Fourth quarter earnings: $9.4 million, up from $1 million last year.
- Fourth quarter earnings per share: $0.08, as opposed to $0.01 from the same period last year.
- Fourth quarter revenue: $164.8 million, an increase from last year's $132.2 million.