Paymentus Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 02:35 am IST
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Paymentus Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 152.42 million compared to USD 128.15 million a year ago. Net income was USD 6.38 million compared to net loss of USD 0.737 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to basic loss per share from continuing operations of USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to diluted loss per share from continuing operations of USD 0.01 a year ago.
For the nine months, sales was USD 449.69 million compared to USD 364.83 million a year ago. Net income was USD 12.92 million compared to net loss of USD 1.47 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to basic loss per share from continuing operations of USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to diluted loss per share from continuing operations of USD 0.01 a year ago.
Paymentus Holdings, Inc. is a provider of cloud-based bill payment technology and solutions for more than 1,900 billers and financial institutions across North America. The Company delivers its product suite through a technology stack. The Company's artificial intelligence (AI)-driven software-as-a-service (SaaS) platform provides a single-vendor solution. Its Instant Payment Network (IPN) connects IPN partners' platforms and various billers to its integrated billing, payment and reconciliation capabilities. Its platform for financial institutions reconnects the financial institutions to their customers by providing a real-time financial hub where consumers can consolidate their financial obligations, pay bills, move money in real time and improve their understanding of their own financial position. Its solution includes electronic bill presentment across numerous channels including Web, mobile, text, secure portable document format (PDF), email, interactive voice response and chatbot.
PAYMENTUS HOLDINGS, INC. 
