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paya Paya Holdings Inc. Announces Third Quarter 2021 Results November 5 , 2021 ATLANTA , Nov. 05 , 2021 ( GLOBE NEWSWIRE ) Paya Holdings Inc. ( NASDAQ : PAYA ) ( " Paya Holdings " , " Paya " or the " Company " ) , a leading provider of integrated payment and commerce solutions , today reported financial results for its third quarter ended September 30 , 2021 . " Paya performed well in the quarter , with payment volume growing 28 % , revenue growing 22 % and gross profit growing 26 % . We signed some great new partners across our verticals and saw a certain B2B partner scale faster than expected , which is promising as we focus on our medium - term growth ambitions , " said Jeff Hack , Paya CEO . " Additionally , we hired some key talent , which will serve to accelerate our sales and go to market efforts , while further enhancing our existing product offerings and technological capabilities . While there were modest headwinds in the quarter that prevented us from growing even faster , we remain focused on the continued execution of our medium - term strategy and our competitive positioning remains strong in high - growth end markets , " Hack concluded . Third Quarter 2021 Financial Highlights • Payment volume was $ 11.1 billion , an increase of 27.7 % from $ 8.7 billion for the third quarter of 2020 . • Total revenue was $ 63.1 million , an increase of 21.8 % from $ 51.8 million for the third quarter of 2020 . • Integrated Solutions segment revenue was $ 39.7 million , an increase of 30.6 % from $ 30.4 million for the third quarter of 2020 . • Payment Services segment revenue was $ 23.4 million , an increase of 9.1 % from $ 21.4 million for the third quarter of 2020 . • Gross profit was $ 32.6 million , resulting in a gross profit margin of 51.7 % , as compared to $ 25.9 million with a gross profit margin of 50.0 % for the third quarter of 2020 . • Net income ( loss ) was $ ( 3.0 ) million , compared to $ 1.6 million for the third quarter of 2020 . • Adjusted EBITDA ( 1 ) was $ 16.3 million , an increase of 20.7 % from $ 13.5 million for the third quarter of 2020 . Adjusted Net Income ( 1 ) was $ 5.5 million . • Earnings per share was $ ( 0.02 ) . ● Adjusted earnings per share ( 1 ) was $ 0.04 . • Ended September 30 , 2021 with $ 133.1 million of cash and $ 250 million of total debt . ● These financial highlights include non - GAAP measures . See below for definitions and reconciliation . 2021 Outlook Paya provides the following updated revenue , gross margin , and Adjusted EBITDA guidance for the full year 2021 , which replaces previously issued guidance . This outlook assumes no further unanticipated impacts from the COVID - 19 pandemic or other factors outside of Paya's control . Total Revenue Gross Margin Adjusted EBITDA ( 1 ) Domestic : International : Conference ID : 2021 Conference Call The Company has scheduled a conference call for November 5 , 2021 at 8:00 a.m. Eastern Time to discuss the third quarter 2021 results . The conference call will be available by live webcast through Paya's Investor Relations website at https://investors.paya.com or by dialing in as follows : 1-833-665-0668 1-914-987-7320 3872346 $ 244M - $ 248M 52.0 % - 53.0 % $ 64M - $ 66M Please register for the webcast or dial into the conference call approximately 15 minutes prior to the scheduled start time . A replay of the conference call will be available for approximately 14 days and can be accessed through the Investors section of Paya's website or by dialing 1-833-665-0668 ( for Domestic callers ) , or 1-914-987-7320 ( for International callers ) , with passcode 3872346 . About Paya