you, you all Thank thank am Dushyant. joining for and I very be a today. excited Paymentus, of part us to
Before and non-GAAP financial I to results the outlook, everyone discuss our quarterly I’d to that referring like results financial measures. be remind include I’ll
non-GAAP and presentation Both earnings our David of are reconciliations that measures are includes this website. mentioned call. discussed As to our financial available on on of GAAP press these QX release earlier,
X. Slide Turning to
demonstrate results top continues well the For quarter the that our business, of challenges guidance play. our range. we results of macroeconomic above first believe financial to delivered still We these the solid end of at strength perform despite which XXXX, were
of adjusted contribution quarter Our results first profit million. $X.X $XX.X million, included million of revenue EBITDA and of $XXX.X
which and remainder and We continue in us revenue, strong EBITDA our of our to contribution full drove performance business about I’ll which XXXX the exit mentioned Dushyant market we robust to bookings, positive profit quarter, with year solid expectations guidance, XXXX, our trends Based enabling earlier the for on adjusted experience solid the are first quarterly a backlog. raising quarter the modestly momentum talk shortly. and
our more financials quarter Now let’s in review first detail.
and largely Transactions driven million, $XXX.X XX.X% new of business. year-over-year. transactions $XXX.X by QX Payment billers launch increased in growth in quarter, the As existing up I to first increased activity This revenue our grew from IPM was or billers, Network mentioned, Instant million year-over-year. up was and XX.X%
Contribution lagged transaction profit mix period. prior the was inflation sector on XX.X% due Contribution compared larger contribution in down profit Contribution from primarily board. ‘XX quarter period. for the revenue with $X.XX margin for prior in the First the profit to growth XX.X% utility quarter $XX.X and $X.XX, quarter growth year-over-year. continued per up to million, year billers in coming year was XX% increased first the to
currently increase of continuing inflationary the our the we profit influence offset are a Adjusted we’ve engaged achieved outside our To an date. conversations was or repricing in As $XX.X control, can past, what variables mix payment and impact quarter, such in active to with already in quarterly changes as XX.X% average gross the payment up conditions, the first encouraged we year-over-year. of the by basis. have million customers contribution are for profit amount on some in noted
due go-to-market a expenses increase million, $XX.X is strategy. to XX.X% focus marketing sales resources to on increased as we primarily year-over-year. increased continue expenses Increase to Operating and our
X, XX.X% up contribution compared of is profit, all was to were million $X.X the contribution ability million adapt expense reflecting profit in XXXX, growth Adjusted XX.X% prior cycle. our During to XX.X% market deposits as first change management repricing the In I raises believe or throughout business during cash evenly were operating we compensation inherent actions. we years, in Other distributed year. merit employees’ the continue we and the grow. our this year. the increased the and the previous employee on our more a to This anniversary, less from ‘XX, the changing QX management. annual income continued result to a quarter, quarter was for from and have $X.X effective interest leverage of and made effective EBITDA income wages XXXX. In demonstrates of January first or given or conditions $X.X the bank to million also
income was EPS income higher largely million benefit year, $X.XX income of of share, tax per in net prior compared non-GAAP year. to net $X.X an the $X.X or or million in due the to Non-GAAP prior $X.XX
cash with liquidity and investing from million unrestricted primarily sheet debt. activities. operations million of cash to balance generated position. end not We The does million our $X.X discuss cash offset have of $X.X QX XXXX. of used the compared by ended $XXX.X comprised $XXX.X is decrease now of at will in million million company The $X.X We any
of end at days, capital Our was increase We employee the the marginal with to million due the XXXX. end QX had the was Working approximately at end QX XXX.X million The shares QX at the approximately of of end XX restricted $XXX from the end days of of sales million of to consistent stock of $X.X of XXX.X DSO XXXX. outstanding units. end was million, increase compared shares XXXX. an vesting outstanding outstanding at at
for focus some brief the as priorities. X been joining the months joined share observations XXXX. year ago, main then I my Now outlook a since Paymentus and initial updated company Since our has on CFO, full QX two review I
with myself Its model business First, acquainting and diverse operations. Paymentus everything does.
XXXX about order learning second, the what IPO. since better Our strategy, meeting deep team, doing possible financial a dive entire understanding as the a and transpired much to the our into budget gain goals. as of financials has XXXX And in
familiar with the more Paymentus. more originally opportunities point, by I lie ahead expanding that inner for I On than compelling now believe and the company. even workings the am first that I’m I was of the amazed
We the we in growth. experience capitalize trends with talent also them my to are end I’m depth industry contributing working attractive well that and future serve. look of and and on team members positioned the market the of forward excited by to Paymentus to
As I’m of greater Paymentus we attention I analysts model and This to color now on our business. turn investors can financial the best targets, non-GAAP evaluating current our long-range with more how and considering performance also and includes disclosures. KPIs provide
the visibility which our demonstrate growth is is still our demand the further the robust exit strong exit company. in has solutions believe process our this new for attention metric drawn backlog. While gives backlog confidence my trajectory one and QX underway, specific technology us in and for bookings I
to QX $XXX expect at profit be ‘XX, to of $XX midpoint. adjusted growth $XXX $XX Contribution at Slide of to a in from range XX% midpoint. EBITDA beginning turn And the our year-over-year range for growth the million, representing ‘XX, XX% X. In representing growth million to of at $X to $X is guidance revenues QX on I’ll to Now year-over-year non-GAAP we million, midpoint. year-over-year million million which the XX% million,
our to $XXX progress Contribution the profit now the already guidance; our we million $XX.X million range and of midpoint in to expect X, EBITDA from XXXX, for the up the full remainder to revenue we prior of up million, X.X% the from year, $XXX midpoint to also expectation of at increase million, our of seen in for Given versus adjusted versus QX guidance. the million, the range $XX prior modestly $XXX a on range prior year representing million and guidance. our the have $XXX Slide X% in
quarter, which our we In summary, from continue momentum we carried first solid on had strong where have build a to XXXX. we XXXX, into
we the XXXX. we believe As positioned have for ourselves well a result, balance of
open everyone, Thank final turn now attention for And Dushyant your the for I’ll call up you, we back before today. for to it questions. remarks
