Repay Holdings Corporation (NASDAQ:RPAY) Q2 2019 Results Conference Call August 14, 2019 5:00 PM ET
Company Participants
John Morris - Co-Founder and Chief Executive Officer
Tim Murphy - Chief Financial Officer
Conference Call Participants
Bob Napoli - William Blair
Mark Palmer - BTIG
Andrew Jeffrey - SunTrust
Mike Grondahl - Northland Securities
Operator
Welcome to the today's conference call being hosted by Repay. With us today are John Morris, Co-Founder and Chief Executive Officer and Tim Murphy, Chief Financial Officer.
During this call, we will be making some forward looking statements about our beliefs and estimates regarding future events and results. These forward looking statements are subject to risk and uncertainties, including those set forth in the SEC filings related to today's result. Actual results may differ materially from any forward looking statements that we make today.
The forward looking statements speak only as of today, and we do not assume any obligation or intent to update them except as required by law. With respect to any non-GAAP financial measures mentioned during the call today, the company reconciliation information relating to those measures can be found in the corresponding earnings release on the company's IR site.
I would now like to turn the call over to Mr. Morris. Please go ahead.
John Morris
Thank you, operator and good afternoon everyone. Thank you for joining us to discuss our second quarter results. We are pleased with our results in the quarter, which included organic volume growth of 29% and gross profit growth of 33%, and adjusted EBITDA growth of 24% compared to the second quarter of 2018. We are also pleased to announce the acquisition of TriSource Solutions, which I will discuss in more detail in a few moments.
Tim will go over our results later in the call. But since this
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