Priority Technology Holdings Inc
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
PRTH$7.900.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Statements of Operations and Comprehensive Loss
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $219,867 | $182,290 | $425,586 | $367,318 |
| Operating expenses | ||||
| Cost of revenue (excludes depreciation and amortization) | 138,118 | 115,281 | 267,416 | 237,247 |
| Salary and employee benefits | 22,119 | 19,109 | 44,269 | 38,157 |
| Depreciation and amortization | 15,244 | 17,980 | 30,497 | 36,028 |
| Selling, general and administrative | 11,212 | 10,787 | 22,207 | 19,905 |
| Total operating expenses | 186,693 | 163,157 | 364,389 | 331,337 |
| Operating income | 33,174 | 19,133 | 61,197 | 35,981 |
| Other (expense) income | ||||
| Interest expense | (21,710) | (17,765) | (42,590) | (35,464) |
| Debt extinguishment and modification costs | (8,623) | — | (8,623) | — |
| Other income, net | 668 | 375 | 1,300 | 587 |
| Total other expense, net | (29,665) | (17,390) | (49,913) | (34,877) |
| Income before income taxes | 3,509 | 1,743 | 11,284 | 1,104 |
| Income tax expense | 2,515 | 2,355 | 5,097 | 2,222 |
| Net income (loss) | 994 | (612) | 6,187 | (1,118) |
| Less: Dividends and accretion attributable to redeemable senior preferred stockholders | (18,565) | (11,765) | (31,227) | (23,060) |
| Less: Return on redeemable NCI in consolidated subsidiary | (58) | — | (639) | — |
| Net loss attributable to common stockholders | (17,629) | (12,377) | (25,679) | (24,178) |
| Other comprehensive loss | ||||
| Foreign currency translation adjustments | 4 | 7 | (9) | 31 |
| Comprehensive loss | $(17,625) | $(12,370) | $(25,688) | $(24,147) |
| Loss per common share: | ||||
| Basic and diluted | $(0.23) | $(0.16) | $(0.33) | $(0.31) |
| Weighted-average common shares outstanding: | ||||
| Basic and diluted | 77,736 | 78,292 | 77,878 | 78,213 |
See Notes to Unaudited Consolidated Financial Statement
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