Priority Technology Holdings, Inc. (NASDAQ:PRTH) Q4 2023 Earnings Call Transcript

Tim O’Leary: Yes. So, without getting into specific dollars, but if you think about just the percentage, obviously, we mentioned 58% of gross profit was recurring in Q4 of this year. That number was 43% last year in Q4, right. So, for full-year ’23 it was 51%. So, we’re continuing to see that percentage grow and drive higher value in the business, right? That is repeatable, highly visible recurring gross profit that we see and that’s why we’re starting to report that and give you a better sense of the consistency and the profitability.

Harold Goetsch: All right, terrific. Thanks, guys. Great quarter. Thank you.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Mr. Tom Priore for any closing remarks. Please go ahead, sir.

Thomas Priore: Well, just like to thank everyone once again for taking the time to learn more about Priority and certainly listen to our perspective on the potential for our business, the industry at large and where we see the opportunity set. And we are hopefully, as you can see from the quality of our performance and where we are projecting for the upcoming year, we are laser-focused on delivering results. So, thank you very, very much. I hope everyone has a great remainder of the week, and we look forward to the next opportunity to connect, and measure how we did. Thank you.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.