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Segments (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Revenue and Gross Profit for Each Reportable Segment

The following table presents revenue and gross profit for each reportable segment.

		Three Months Ended June 30,								Six Months Ended June 30,
($ in thousand)		2024				2023				2024				2023
Revenue
Consumer Payments		$	69,292			$	65,924			$	145,428			$	135,865
Business Payments			10,592				9,829				20,269				18,503
Elimination of intersegment revenues (1)			(4,978	)			(3,970	)			(10,071	)			(8,048	)
Total revenue		$	74,906			$	71,783			$	155,626			$	146,320
Gross profit (2)
Consumer Payments		$	55,546			$	51,704			$	115,136			$	106,329
Business Payments			8,017				7,209				15,065				13,234
Elimination of intersegment revenues			(4,978	)			(3,970	)			(10,071	)			(8,048	)
Total gross profit		$	58,585			$	54,943			$	120,130			$	111,515
Total other operating expenses (3)		$	62,006			$	64,809			$	126,055			$	139,345
Total other income (expense)			(2,791	)			3,485				(5,350	)			(2,126	)
Loss before income tax expense			(6,212	)			(6,381	)			(11,275	)			(29,956	)
Income tax benefit (expense)			1,975				1,051				1,673				(3,306	)
Net loss		$	(4,237	)		$	(5,330	)		$	(9,602	)		$	(33,262	)

(1)Represents intercompany eliminations between segments for consolidation purpose.

(2)Represents revenue less costs of services (exclusive of depreciation and amortization).

(3)Represents total operating expenses less costs of services (exclusive of depreciation and amortization).

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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X

- References

No definition available.

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