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    Payright (ASX:PYR) announces full year results

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    Payright (ASX:PYR) announced financial results for the full-year ended 30 June 2022.

    Gross recceivables grew to $102.5 million, up 48% on prior corresponding period (pcp) (FY21: $69.4 million).

    Unaudited revenue of $16.3 million, up 34% on pcp (FY21: $12.2 million).

    Future contracted revenue of $17.4 million.

    Total number of customers was up 44% to 77,000.

    Total merchant stores up 14% on pcp to 3,899 (FY21: 3,416).

    Gross Merchandise Value (GMV) up 41% on pcp to $119.6 million (FY21: $85 million).

    Completed milestone funding package of a $125 million warehouse facility significantly reducing funding costs whilst accelerating ability to scale.

    Leading retailers joined Payright's growing merchant portfolio in Australia and New Zealand, including Bevilles, O'Brien Electrical and Plumbing, Swimart, Auto Super Shoppes (NZ), Builder's Crack (NZ), Dutton One, Presidian and Jim's Energy - within core verticals for Retail, Home Improvement and Automotive Sectors.

    New technology developments including platform upgrades, launch of new features within the customer app (Android and IOS), and sales enablement features to improve to ease of use and access for merchants.

    Following the announcement the company?s share price fell 12.631%.

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