JetPay Corporation (JTPY) is a technology-driven payment processing and payroll services provider based in Center Valley, Pennsylvania. The company offers a range of payment processing solutions, including credit and debit card processing, ACH processing, and gift card and loyalty programs, as well as payroll and human resources management services.
As of the close of trading on February 18, 2023, JetPay's stock was trading at $0.08 per share. The company has a market capitalization of approximately $2.6 million.
JetPay's payment processing solutions are designed to help businesses of all sizes streamline their payment operations and improve cash flow. The company's payroll and HR services are designed to help businesses manage their workforce more efficiently and comply with complex regulatory requirements.
JetPay has also made strategic acquisitions to expand its capabilities and market reach. In 2018, the company acquired ACI Merchant Systems, a provider of payment processing solutions for small and mid-sized businesses, and in 2019, it acquired Gravity Payments, a provider of payment processing solutions for the restaurant and hospitality industries.
In terms of financial performance, JetPay reported revenue of $60.7 million for the full year 2021, compared to revenue of $67.2 million in the previous year. The company reported a net loss of $7.6 million for the full year 2021, compared to a net loss of $9.7 million in the previous year.
Overall, JetPay is a payment processing and payroll services provider with a range of solutions designed to help businesses of all sizes streamline their operations and improve cash flow. While the company has made strategic acquisitions and has a solid customer base, investors should carefully consider the risks and potential rewards before investing in JetPay's stock, as the company operates in a highly competitive and rapidly evolving industry.
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