JetPay® Corporation Reports Second Quarter Results
JETPAY CORP COMMON (JTPY)
US:NASDAQ Investor Relations:
investor.jetpay.com
Company Research
Source: GlobeNewswire
ALLENTOWN, Pa., Aug. 09, 2018 (GLOBE NEWSWIRE) -- JetPay® Corporation (“JetPay” or the “Company”) (NASDAQ: JTPY) announced financial results for the second quarter and six months ended June 30, 2018. Financial Highlights Net Income before accretion of convertible preferred stock was $1.5 million for the three months ended June 30, 2018, as compared to a loss of $(1.2) million in the same period in 2017. Revenues increased 12.6%, or $1.7 million, to $15.2 million for the three months ended June 30, 2018 as compared to $13.5 million for the same period in 2017, and increased 11.0% to $31.1 million for the six months ended June 30, 2018, an increase of $3.1 million from $28.0 million in the same period in 2017. Revenues within our Payment Services Segment increased 12.9%, or $1.3 million, to $11.0 million for the three months ended June 30, 2018 as compared to $9.8 million for the same period in 2017, and increased 13.6% to $21.4 million for the six months ended June 30, 2018, an in
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