Segments (Tables)

9 Months Ended

Sep. 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 September 30,						Nine Months Ended September 30,
($ in thousands)	2024			2023			2024			2023
Revenue
Consumer Payments	$	69,189		$	68,720		$	214,617		$	204,622
Business Payments		15,297			9,704			35,566			28,170
Elimination of intersegment revenues (1)		(5,341	)		(4,104	)		(15,412	)		(12,152	)
Total revenue	$	79,145		$	74,320		$	234,771		$	220,640
Gross profit (2)
Consumer Payments	$	54,889		$	53,599		$	170,026		$	159,929
Business Payments		12,013			7,188			27,077			20,421
Elimination of intersegment revenues		(5,341	)		(4,104	)		(15,412	)		(12,152	)
Total gross profit	$	61,561		$	56,683		$	181,691		$	168,198
Total other operating expenses (3)	$	62,236		$	61,802		$	188,291		$	201,147
Total other income (expense)		5,414			(3,363	)		64			(5,489	)
Income (loss) before income tax (expense) benefit		4,739			(8,482	)		(6,536	)		(38,438	)
Income tax benefit (expense)		(1,524	)		1,998			149			(1,308	)
Net income (loss)	$	3,215		$	(6,484	)	$	(6,387	)	$	(39,746	)

(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).