Paysign Inc Stock Price, News & Analysis

Paysign, Inc. (NASDAQ: PAYS) announced its Q2 2021 financial results, showing a 3.2% revenue increase to $6.4 million, driven by a 30.1% rise in plasma revenue. The company reported a net loss of $0.9 million and raised its full-year revenue forecast to $29.0 million - $32.0 million, reflecting a growth of 20% to 32%. Adjusted EBITDA guidance was improved to $0.75 million - $1.90 million. The company anticipates continued improvements as pandemic-related government supports wane, though it remains cautious about COVID-19's ongoing impact.

Paysign, Inc. (NASDAQ: PAYS), announced significant leadership appointments to enhance its technology and product offerings. Brad Cunningham joins as chief technology officer, bringing 17 years of experience in fintech, particularly in modernizing banking systems. Alan Geiger and Richard Graub also join as directors of relationship management and product management, respectively, aiming to strengthen connectivity in the plasma collection sector and advance product strategies.

Paysign, Inc. (NASDAQ: PAYS) will host a conference call on August 10, 2021, at 5:00 p.m. ET to discuss its second-quarter 2021 earnings. Participants can join via U.S. dial-in at 877.407.2988 or international dial-in at 201.389.0923, with a webcast available.

A replay will be accessible until November 10, 2021. Founded in 2001, Paysign provides innovative prepaid card programs and digital banking solutions tailored for various sectors including healthcare and retail. For more details, visit paysign.com.

Paysign, Inc. (NASDAQ: PAYS) reported its first-quarter 2021 financial results, showing a 40.6% revenue decline to $6.3 million compared to Q1 2020. Plasma revenue decreased 26.7% due to lower donations exacerbated by pandemic-related factors. Despite adding three new plasma centers, average revenue per center dropped 38.8%. For 2021, Paysign anticipates total revenue between $29.0 million and $32.0 million, with adjusted EBITDA forecasted at $0.35 million to $1.90 million. The company maintains a healthy balance sheet with $6.6 million in cash and zero debt.

Paysign, Inc. (NASDAQ: PAYS) is set to discuss its first-quarter 2021 earnings on May 11, 2021, at 5:00 p.m. Eastern Time.

The company specializes in prepaid card programs and payment processing services, targeting businesses and government institutions. Investors can join the discussion via dial-in or webcast, with a replay available until August 11, 2021.

Paysign, Inc. (NASDAQ: PAYS) has launched the Paysign Premier referral program, facilitating businesses' access to digital banking solutions for their payees. This initiative incurs no startup costs and is available immediately. The Premier digital bank account enhances payment processes, offering features like early pay access, cash back rewards, and 24/7 bilingual customer service. CEO Mark Newcomer highlighted the importance of digital banking, especially post-COVID-19, as a way for businesses to streamline payouts and provide valuable services to their payees.

Paysign, Inc. (NASDAQ: PAYS) reported financial results for Q4 and the fiscal year 2020, facing challenges due to the COVID-19 pandemic. Total revenues fell to $7.25 million in Q4, down 25.7% from $9.76 million in Q4 2019. Plasma revenue decreased by 17.5% to $6.3 million. The company incurred a net loss of $4.3 million compared to a profit of $1.9 million last year. Despite the challenges, Paysign added 55 new plasma programs and ended the year with $7.8 million in cash and no debt, positioning itself for recovery as restrictions ease.

Paysign, Inc. (NASDAQ:PAYS) will discuss its fourth quarter and full-year 2020 earnings on March 25, 2021, at 5:00 p.m. Eastern time. The company, known for prepaid card programs and payment processing services, enables digital payout solutions for various sectors, including healthcare and retail. Financial professionals wishing to ask questions during the call need to register by March 23, 2021. Replay options will be available until June 25, 2021.