Welcome to our dedicated page for Usio news (Ticker: USIO), a resource for investors and traders seeking the latest updates and insights on Usio stock.
Usio, Inc. Common Stock (symbol: USIO) represents a leading force in the electronic payment processing industry. Founded in late 2008 by Charles Yancey, a veteran of the payment processing field, Usio, Inc. runs on an innovative business model designed to revolutionize how businesses handle payments. With a mission to simplify and optimize transaction processes, Usio offers a unique 'one flat rate' program. This program allows clients to stabilize their credit card processing costs, making it easier to understand and reconcile monthly merchant statements.
Usio targets key vertical markets with higher-than-average processing volumes, such as utilities, municipalities, dental practices, veterinary services, marinas, and automotive dealerships. By focusing on these sectors, Usio enhances customer retention and provides significant value to its clients.
As a United States-based company, Usio offers integrated electronic payment services that include credit and debit card processing, as well as transaction processing through the Automated Clearing House (ACH) network. The company also operates a wholly-owned subsidiary dedicated to Output Solutions operations, broadening its service offerings and market reach.
Usio's recent achievements and current projects highlight its ongoing commitment to innovation and customer satisfaction. The company remains financially robust, with strategic partnerships and cutting-edge products driving its growth. Through continuous improvements and a client-centric approach, Usio, Inc. positions itself as a trusted partner for businesses seeking reliable and efficient payment solutions.
Stay updated on the latest news and developments about Usio, Inc. Common Stock to understand how the company is evolving and what it means for your investment.
Usio, Inc. (Nasdaq: USIO) reported Q2 2024 financial results, highlighting a 29% increase in total payment dollars processed across all channels compared to the previous year. Despite strong volume growth, the company lowered its revenue guidance to 3-7% growth and EPS expectations to $0.0-$0.03 per share due to slower implementation of contracted PayFac ISVs. However, Usio raised its fiscal 2024 Adjusted EBITDA expectations to between $4.25 and $5.0 million.
Key highlights include:
- Q2 revenues of $20.1 million, down 6% year-over-year
- Net income of $0.1 million, or $0.00 per share
- Adjusted EBITDA of $0.8 million
- Record-breaking volumes in Prepaid card load, processing, and transactions
- Strong financial position with $7.5 million in cash and cash equivalents
Usio (Nasdaq: USIO), a leading FinTech company, has announced it will release its second quarter fiscal 2024 financial results on August 14, 2024, after market close. The company will host a conference call the same day at 4:30 p.m. Eastern time to discuss the results and provide a business update. Interested parties can join the call by dialing 1-844-883-3890 (U.S.) or 1-412-317-9246 (International). A live webcast will also be available on Usio's website. A replay of the call will be accessible until August 28, 2024, via the company's website or by dialing 1-877-344-7529 (U.S.) or 1-412-317-0088 (international) with the playback code 4975978.
Usio (NASDAQ: USIO), a leading Fintech offering integrated, cloud-based electronic payment solutions, announced that CEO Louis Hoch was featured in a Nasdaq Amplify Issuer Spotlight. He shared insights on Usio's vision for AI-driven biometric payments and provided a company update.
Hoch emphasized that Usio is entering a dynamic growth period, highlighted by the signing of their potentially largest PayFac payments processing agreement. He acknowledged the accelerating pace of change in the electronic payments market and expressed Usio’s readiness to capitalize on these emerging opportunities.
This spotlight series by Nasdaq Amplify delves into how small-cap industry leaders are evolving and tackling challenges.
Usio, a leading Fintech company specializing in cloud-based electronic payment and embedded financial solutions, announced its participation in the 2024 Maxim Fintech Virtual Symposium. The event is scheduled for Tuesday, June 25, 2024. Usio's CEO, Louis Hoch, will present at 1:30 PM EDT.
The symposium, hosted by Maxim Group , will highlight developments in the Fintech sector, with a focus on companies in specialty finance, payments, and real estate that have adopted advanced technologies. The event will be webcast live on M-Vest, requiring attendees to register as M-Vest members.
Usio, a prominent Fintech company listed on NASDAQ under the ticker USIO, will participate in the MicroCap Rodeo – Spring Into Summer Invitational Investor Conference on June 6, 2024. The event will be held at Convene, 810 7th Ave, NYC. Usio's Senior Management Team is scheduled to present at 11:00 AM Eastern Time. For those unable to attend in person, a webcast of the presentation will be available online.
Usio (NASDAQ: USIO) reported its Q1 2024 financial results. Total payment dollars processed increased by 19% year-over-year, reaching $1.5 billion. ACH & Complementary Services revenues grew by 16%, and credit card revenues rose by 3%. However, total revenue decreased by 5% to $20.3 million, primarily due to a 30% drop in Prepaid card services revenue following the planned wind down of the NYC COVID Incentive Program. Gross profit for the quarter was $4.2 million, with a 2.2% decrease in gross margins. Usio posted a net loss of $0.3 million, or ($0.01) per share, compared to a net income of $0.015 million last year. Despite these losses, the company remains financially stable with $7.1 million in cash reserves and maintains its full-year 2024 revenue growth expectation of 10-12%.
Usio announced a new agreement to integrate its payment technology into a leading web-based ERP provider's software. This integration is expected to migrate over $1 billion in credit card transactions to Usio's platform, potentially generating over $20 million in annual recurring revenue. The ERP provider caters to diverse industries, including janitorial, home improvement, and governmental services. Usio's CEO, Louis Hoch, emphasized that this partnership underscores the value of Usio's PayFac-in-a-Box solution, its flexible integration capabilities, and the expected revenue boost starting in late 2024, with significant impact by 2025.
Usio, Inc. (NASDAQ: USIO) collaborates with MOBILEMONEY to power its self-service kiosks for cashless transactions, resulting in significant growth in card issuance and transaction volume. The partnership expands to support General Purpose Reloadable Card Issuance and Virtual Cards, catering to the increasing demand for cashless payments in various markets. The success of the program highlights Usio's versatile card issuing platform and commitment to driving innovation in mobile financial services.
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