Financial Highlights for the Three Months Ended December 31, 2021
- Total volume(1) increased 127% to $31.5 billion from $13.9 billion
- eCommerce represented 88% of total volume
- Revenue increased 83% to $211.9 million from $115.9 million
- Organic revenue growth(2) was 55% with Organic revenue(2) increasing to $179.1 million from $115.9 million
- Net income decreased to $12.3 million from $22.6 million, primarily due to a $29.7 million increase in share-based payments to employees who joined the Company as part of acquisitions completed during the third quarter and other employee incentive grants
- Adjusted EBITDA(2) increased 78% to $91.5 million from $51.3 million
- Adjusted net income(2) increased 52% to $70.6 million from $46.5 million
- Net income per diluted share was $0.07 compared to $0.16
- Adjusted net income(2) per diluted share was $0.47 compared to $0.33
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