Priority Technology Holdings Announces Third Quarter 2018 Financial Results

Priority Technology Holdings Announces Third Quarter 2018 Financial Results

5 years ago
Anonymous $L9wC17otzH

https://www.businesswire.com/news/home/20181114006022/en/

ALPHARETTA, Ga.--(BUSINESS WIRE)--Nov 14, 2018--Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority” or the “Company”), a leading provider of merchant acquiring and commercial payment solutions, today announced results for the third quarter ended September 30, 2018.

Consolidated revenue in the third quarter of 2018 was $103.6 million, a decline of 6.6% compared to $110.9 million in the prior year period. A 10.5% year-over-year increase in bankcard processing dollar volume and a 6.8% increase in bankcard transactions were more than offset by the loss of business from certain high-margin e-commerce merchants.

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