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 (Nasdaq: USIO) delivers innovative electronic payment solutions and FinTech services through its cloud-based platform. This news hub provides investors and stakeholders with timely updates on company developments, financial performance, and strategic initiatives.
Access official press releases and curated news covering earnings announcements, partnership agreements, product innovations, and operational milestones. Our repository consolidates critical information for analyzing Usio's position in the payment processing sector and output solutions market.
Key updates include transaction processing advancements, ACH network expansions, and developments in electronic bill presentment technology. Users will find details on leadership changes, regulatory compliance achievements, and client acquisition trends relevant to the FinTech industry.
Bookmark this page for streamlined access to verified updates about Usio's payment facilitation services and document management solutions. Check regularly for new insights into the company's growth within evolving digital payment ecosystems.
Usio reported strong Q3 2024 financial results with net income of $2.9 million ($0.10 per share), including a $3.2 million tax benefit. Total payment processing volume grew 46% year-over-year to $2.0 billion. Revenue increased 2% to $21.3 million, driven by ACH and complementary services growth. Prepaid card load volume reached a record $140 million, up 21%. Gross margins improved to 23.0% from 22.2% last year. The company generated $2.4 million in Adjusted Operating Cash Flows over nine months, with cash position strengthening by $1.2 million since December 2023. Management expects to exceed $100MM+ annual revenue run rate for 2025.
Usio (Nasdaq:USIO), a FinTech company providing integrated cloud-based electronic payment and embedded financial solutions, has scheduled its Q3 fiscal 2024 earnings conference call for November 6, 2024, at 4:30 p.m. Eastern time. The financial results for the period ended September 30, 2024, will be released after market close on the same day. Management will review results and provide updates, followed by a Q&A session. U.S. participants can dial 1-844-883-3890, while international callers should use 1-412-317-9246. A webcast will be available on the company's website, with replay access until November 20, 2024.
Usio has announced corrections to its press release regarding an expanded partnership with ClassWallet. The corrected version clarifies that the partnership provides agencies, not ClassWallet, with new insights and analytics to better understand program outcomes. Usio, a FinTech company offering integrated electronic payment solutions, is enhancing its collaboration with ClassWallet, a platform for public funds management.
The partnership now includes Usio's ACH processing and remote authorization capabilities in ClassWallet's digital wallet technology. This expansion aims to create innovative solutions for prepaid and funds disbursement applications, addressing the need for robust payment platforms. The collaboration is expected to accelerate ClassWallet's product innovation and improve payment processes for service provider vendors.
Both companies emphasize that this partnership will help maximize the impact of public fund programs and enhance efficiency for all recipients.
Usio, Inc. (NASDAQ:USIO) has announced an expanded partnership with ClassWallet, integrating Usio's ACH processing and remote authorization technology into ClassWallet's digital wallet platform. This collaboration enhances ClassWallet's ability to offer innovative payment solutions for public funds disbursement.
The partnership allows ClassWallet to accelerate innovation and bring new products to market faster. It also improves the payment process for ClassWallet's service provider vendors, leading to more efficient and predictable payments. Additionally, the integration provides ClassWallet with valuable data that can be used by agency customers to better understand and improve program outcomes.
Both companies view this expansion as mutually beneficial, with Usio supporting ClassWallet's growth objectives and ClassWallet furthering its mission to maximize program efficiency for public fund recipients.
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%.
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