Usio Inc Stock Price, News & Analysis

Usio, a leading electronic payment solutions provider, anticipates record performance in Q1 2021, expecting to process over $1.8 billion, double its previous record of $920 million. CEO Louis Hoch highlighted over 100% year-over-year growth across all segments: ACH, Card, and Prepaid. The company projects a 50% revenue increase and improved profitability metrics. These results are preliminary, with final figures to be released later. Usio's diverse payment channel strategy positions it well in the FinTech market.

Usio, Inc. (NASDAQ: USIO) reported a strong performance for Q4 2020, achieving record revenues of $9.4 million, a 27.4% increase year-over-year, primarily driven by a 97.5% surge in prepaid card services. The company also announced positive adjusted EBITDA of $0.3 million, with gross profits rising 62.7% to $2.4 million. For the full year, total revenues reached $32.3 million, up 14% from 2019. Management remains optimistic, anticipating continued growth in 2021, supported by its evolving prepaid and ACH segments, alongside the recent Output Solutions acquisition.

Usio, a prominent integrated electronic payment solutions provider, announced its fourth quarter financial results for the period ending December 31, 2020, will be released on March 30, 2021, before market opening. The management will host a conference call on the same day at 11:00 a.m. Eastern to discuss the results and provide a business update. For participation, U.S. callers can dial 1-844-883-3890 while international callers should use 1-412-317-9246. A replay of the call will be available until April 12, 2021.

Usio, Inc. (Nasdaq: USIO) announced that Community Cares Partners (CCP) in Oklahoma has selected Usio's Prepaid Debit Card platform, Akimbo, to distribute CARES Act funds efficiently to nearly 6,000 residents. This partnership exemplifies Usio's leadership in electronic payment solutions, with over 100 organizations utilizing their technology. CCP highlighted the convenience of Usio’s cards, facilitating quick fund disbursement for families facing housing crises due to the COVID-19 pandemic. This initiative showcases the positive impact of community-focused financial solutions.

Usio, a provider of integrated electronic payment solutions, announced that CEO Louis Hoch will present at the Inaugural Emerging Growth Virtual Conference on March 17-18, 2021. This event, hosted by M Vest LLC and Maxim Group LLC, will include discussions, fireside chats, and presentations featuring various executives in the FinTech sector. Interested attendees can register for access by becoming an M-Vest member. Usio specializes in tailored payment solutions for various sectors, including merchants and banks, making them a leader in the payment processing industry.

Usio, Inc. (Nasdaq: USIO) announced record transaction and processing volumes for Q4 and the full year of 2020. Total dollars processed reached $920 million with 5.5 million transactions in Q4 alone, marking the company's best quarterly performance. Key metrics show prepaid card transaction volume surged by 143%, while credit card transactions almost doubled. Overall, total transactions for 2020 were up 19% to 18.2 million, with processed dollars at $3.34 billion. This growth sets a strong foundation for anticipated revenue increases in 2021.

Usio has partnered with Emphasys Software to launch MyTenantPayments, a portal for over 200 Public Housing Authorities (PHAs) to process approximately $800 million in annual tenant payments. The initiative responds to the demand for reducing in-person payment methods, especially amid the COVID-19 pandemic. The platform enables electronic payments via ACH, credit, and debit cards, enhancing cash flow and reducing costs. This partnership is expected to increase transaction volume as more PHAs migrate to Usio's platform, leveraging its proprietary Payfac technology.

Usio, Inc. (Nasdaq: USIO) has renewed and expanded its strategic partnership with Voyager Digital Holdings, making Usio the exclusive provider of ACH payment solutions for Voyager. Since the relationship began in 2018, Usio's payment facilitation technologies have supported Voyager’s significant growth in the fast-evolving cryptocurrency market. Both companies anticipate strong growth as interest in cryptocurrencies rises. CEO Louis Hoch expressed excitement about the collaboration, while Voyager's CEO Steve Ehrlich noted the partnership's benefits and Usio's reliable technology for scalability.

Usio, Inc. (USIO) announced its prepaid card solution has been selected as the preferred method for disbursing funds under The Compton Pledge, the largest guaranteed income program in the U.S. The initiative will provide cash relief to approximately 800 low-income residents for two years, aimed at addressing racial and economic injustices. Usio’s prepaid cards will facilitate access for underbanked individuals, enhancing fund management efficiency. This partnership underscores Usio's growing influence, with nearly 100 similar organizations utilizing its card issuing technology.