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Usio, Inc. - USIO STOCK NEWS

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.

News

Usio Announces Record Full Year 2023 Revenues

Rhea-AI Summary
Usio, Inc. reported a 19% increase in full-year revenues for fiscal 2023, reaching $82.6 million, with Adjusted EBITDA up by nearly $3 million. The company achieved record revenues for the seventh consecutive year, driven by growth in Prepaid, Output Solutions, and PayFac businesses. Gross profits climbed 27%, and the company ended the year with $7.2 million in cash. Fiscal 2024 guidance anticipates 10-12% revenue growth and 70%-90% growth in Adjusted EBITDA. Despite a 4% revenue increase in the fourth quarter, gross profits were down 4%, and operating loss was $0.8 million. Adjusted EBITDA was positive $0.3 million. The company repurchased shares during the year, and net income for the fourth quarter was $0.03 million.
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Usio to Host Fourth Quarter and Fiscal Year End 2023 Conference Call to Discuss Results and Provide Company Update on March 27, 2024

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Usio, Inc. (USIO) announces the release of its fourth quarter and fiscal year end 2023 financial results, with a conference call scheduled for March 27, 2024, to review the results and provide a business update.
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Usio’s Payments Technology Giving Sports Clubs a ‘Boost’

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Usio, Inc. (NASDAQ: USIO) plays a pivotal role in BoosterHub's growth, with its innovative payment technology driving a 300% increase in the sports club software provider. The proprietary PayFac-in-a-Box solution offers seamless payment experiences, diverse payment options, and value-sharing opportunities for BoosterHub and its clients.
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Usio Reiterates Fiscal 2023 Revenue Growth Guidance of 18-20%

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Usio, Inc. expects record revenues in fiscal 2023 with a projected 18-20% increase driven by a 21% jump in electronic payments processing volume in the fourth quarter. The company anticipates positive full-year Adjusted EBITDA, highlighting growth in prepaid, card, ACH, and Output Solutions businesses. Excluding crypto volumes, the total 2023 processing volume would have been up 21% compared to 2022.
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Usio, Inc. to Participate in 36th Annual Roth Conference

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Usio, Inc. (USIO) to participate in the 36th Annual Roth Conference, offering one-on-one meetings with investors. The conference will feature executives from various sectors including Consumer, Technology & Media, Healthcare, and more.
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Usio Welcomes Payments Veteran Mr. Jerry Uffner as Senior Vice President of Card Issuing Sales

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Usio, Inc (Nasdaq: USIO) appoints Jerry Uffner as Senior Vice President of Card Issuing Sales. Uffner's impressive track record in driving payment operation revenue growth and extensive experience in the fintech industry make him a valuable addition to the company's leadership team.
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Usio Announces Strategic Partnership with Leading Benefits Administrator, Genius Avenue

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Usio, Inc. (NASDAQ:USIO) announced a Strategic Partnership with Genius Avenue, focusing on regulated enterprise businesses in insurance, benefits, and healthcare. The partnership aims to deliver a comprehensive suite of payment capabilities, including ACH payment processing and a prepaid card program for digital disbursement, as well as other innovative financial management tools. This collaboration will enhance the financial capabilities and improve the experience of customers.
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Usio Announces Record Third Quarter 2023 Financial Results

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Usio, Inc (Nasdaq: USIO) reports impressive financial results for Q3 2023, with a 25% revenue increase to $20.5 million. The company expects 18% - 20% full year 2023 revenue growth. Prepaid revenues saw a 197% increase, with a $100 million load onto prepaid cards in a single quarter. Gross profits were $4.2 million, with a 1.3% increase in gross margins compared to Q3 2022.
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Usio, Inc. Card Issuing Division Launches Its First State-Administered Prepaid Card Program

Rhea-AI Summary
Usio, Inc. achieved an all-time record by loading over $100 million onto prepaid cards in the third quarter of 2023. The company launched its first card program administered by a state and expects to grow revenues by over 100% this year. Load volumes for the quarter were up 239% and purchase volumes were up 152% compared to the same period last year.
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Usio to Host Third Quarter Fiscal 2023 Conference Call to Discuss Results and Provide Company Update on November 8, 2023

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Usio, Inc. to release third quarter fiscal 2023 financial results and host conference call on November 8, 2023
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FAQ

What is the current stock price of Usio (USIO)?

The current stock price of Usio (USIO) is $1.39 as of October 14, 2024.

What is the market cap of Usio (USIO)?

The market cap of Usio (USIO) is approximately 37.5M.

What does Usio, Inc. specialize in?

Usio, Inc. specializes in integrated electronic payment services, including credit and debit card processing and ACH network transaction processing.

When was Usio, Inc. founded?

Usio, Inc. was founded in late 2008 by Charles Yancey, a veteran in the payment processing industry.

What is unique about Usio's payment processing model?

Usio offers a 'one flat rate' program that stabilizes credit card processing costs and simplifies monthly merchant statements.

Which market verticals does Usio target?

Usio targets high-volume processing verticals such as utilities, municipalities, dental practices, veterinary services, marinas, and automotive dealerships.

What is the ACH network?

The Automated Clearing House (ACH) network is an electronic system for processing financial transactions, including direct deposits and bill payments.

Does Usio have any subsidiaries?

Yes, Usio has a wholly-owned subsidiary that handles Output Solutions operations.

How does Usio's 'one flat rate' program benefit clients?

The 'one flat rate' program helps clients manage and predict their credit card processing costs more effectively, simplifying financial reconciliation.

What recent achievements has Usio accomplished?

Usio has made significant strides in innovation, customer satisfaction, and strategic partnerships, contributing to its robust financial health.

How can I stay updated on Usio's latest news?

Stay informed on Usio, Inc.'s latest developments by following their news updates and financial reports.

Why should businesses choose Usio for payment processing?

Businesses choose Usio for its reliable and efficient electronic payment services, innovative 'one flat rate' program, and client-centric approach.

Stock USIO logo
Usio, Inc.

Nasdaq:USIO

USIO Rankings

#4975 Ranked by Market Cap
N/A Ranked by Dividends

USIO Stock Data

37.49M
27.36M
36.19%
21.3%
0.09%
Software - Infrastructure
Functions Related to Depository Banking, Nec
Link
United States of America
SAN ANTONIO