NYSE:PAYDiversified Financial
Paymentus (PAY) Stock Surges On Margin Expansion And Cash Strength
Paymentus Holdings stock rose 29.2% today to US$44.60, capping a 3 month run that many investors will see as anything but quiet. The move followed a Q2 print that recorded revenue of US$360.7m and adjusted EBITDA of US$48.8m, which the market appeared to treat as more than just a solid payments quarter.
The short term story is the surge in the share price. The bigger story is the margin picture. Paymentus Holdings reported an adjusted EBITDA margin a little above 40%, which puts the focus on...